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Dongwon reports ‘temporary’ $54m net loss due to Starkist settlement

The South Korean conglomerate reported a KRW 75.1bn net loss for Q3, largely attributed to a substantial settlement involving its US subsidiary, despite steady performance in its core food divisions

By Masahiko Takeuchi | Nov. 6, 2024 09:58 GMT
StarKist Chunk Light Tuna sold at a grocery store in Seattle, Washington, the US. Credit: Masahiko Takeuchi
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Dongwon Industries, the business holding company for South Korea's Dongwon Group, reported a consolidated net loss of KRW 75.1 billion ($54 million) for the third quarter, primarily due to a civil litigation settlement by its US subsidiary, Starkist. [...]

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