BRIEF-Nkgen Biotech Says Co Placed 19 Employees On Furlough

Reuters10-31

Oct 30 (Reuters) - Nkgen Biotech Inc :

* NKGEN BIOTECH INC - ON OCT 24, CO PLACED 19 EMPLOYEES ON FURLOUGH, EFFECTIVE OCTOBER 27

* NKGEN BIOTECH INC - PLANS FOR FURLOUGH TO LAST FROM OCTOBER 27 THROUGH NOVEMBER 9

* NKGEN BIOTECH - CO'S INABILITY TO PAY ITS PAYROLL OBLIGATIONS MAY RESULT IN EMPLOYEES TERMINATING RELATIONSHIP WITH CO AND/OR PURSUING LEGAL REMEDIES

Source text: Further company coverage:

((Reutersbriefs@thomsonreuters.com;))

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