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Hyundai Engineering & Construction to Suspend Subsidiary's Operations for 3 Months

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Hyundai Engineering & Construction (KRX:000720) will suspend operations of subsidiary Hyundai Engineering's civil engineering and construction business for three months, according to a Wednesday filing with the Korean exchange.

The suspension, which will occur from Aug. 5 to Nov. 4, was due to a serious accident, leading to the enactment of the Occupational Safety and Health Act.

The suspension could impact about 5.541 trillion won in sales, the company said.

The company will file an application to halt the business suspension order.

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