|
Samsung Electronics will be able to get insurance payments from a local insurer for the damage received during Friday's power outage.
Company officials said on Sunday a contract with Samsung Fire & Marine Insurance will cover the damage that is estimated at up to US$40 million.
A four-hour blackout at the main plant of the world's largest memory chip-maker in Suwon, south of Seoul caused the suspension of six NAND chip production lines for about 22 hours until Saturday.
The exact cause of the accident is yet to be looked into before calculating the damage which industry watchers say will take a considerable amount of time.
Arirang News
|
