I hope all
is well with you. I am writing to further explain our situation concerning the
revision of 2018 term contract. Firstly, we apologize for the inconvenience
caused by the change of contract party from CDC to EM in the middle
of contract period.
the Fair Trade Commission(FTC) is tightening regulations to restrict internal
transactions among affiliates of big business groups. Korean Conglomerates will be
exposed to tougher measures such as higher tax rate, in case they don’t meet the standards set by the FTC. Under the
situation, we have decided to terminate all sales contract with CDC, effective 1st Aug.
We will do
our utmost to minimize your inconvenience with regard to implementation and
operation of the term contract. Once again, we are sorry for this uncomfortable
situation. We seek your kind understanding.
would like to express our sincere appreciation for your continuous support.