Brief: Intercos Clarifies on Media Reports Over Lawsuit in South Korea

Intercos

04/04/2024 06:33

April 4 (Reuters) - Intercos SpA  ICOS.MI :
    * SAID ON WEDNESDAY IT CLARIFIED ON MEDIA REPORTS OVER
LAWSUIT
INVOLVING KOLMAR KOREA AND INTERCOS KOREA
    * LAWSUIT STARTED AGAINST TWO FORMER EMPLOYEES OF KOLMAR
KOREA FOR
ACTIONS THEY TOOK INDEPENDENTLY BEFORE BEING EMPLOYED BY KOREAN
UNIT 
    * REPORTED FIGURE OF 49 BLN KRW IN REVENUE RELATED TO
SUNCARE
PRODUCTS IS NOT CORRECT
    * INTERCOS KOREA'S REVENUE FROM SUNCARE PRODUCTS ALONE IN
2018
AMOUNTED TO ABOUT 2 BILLION KRW (ABOUT EUR 1.4 MLN)
    * REITERATED INTERCOS' ABSOLUTE OPPOSITION TO ANY ACT OF
INTELLECTUAL PROPERTY INFRINGEMENT 

        
 Further company coverage:  ICOS.MI  

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