SHINSUNG E&G COMES FROM BEHIND TO STORM INTO SOLAR POWER BIZ FILLED WITH ENCUMBRANCES

• Exactly one year after Shinsung E&G launched a solar power business; the onset of 2008 global financial crisis was overpowering, forcing the government to shut down subsidy programs for the industry.
• This was followed by an excess of cheap Chinese products flooded the market, leaving the Korean companies to shelve their solar power business.

Despite the intimidating market conditions, Shinsung E....