Kumho back in the black

30th April 2013 | 12,345 Comments

The loss-making years are finally behind Kumho Tire. The Korean company has reported a net profit of KRW 123.67 billion (£71.9 million) for full-year 2012 – the best result since 2006 and a marked contrast from 2009, when the company posted a KRW 794.50 billion loss. Kumho Tire entered into a debt work out programme on 30 December 2009 as a result of financial difficulties faced by parent company Kumho Asiana.

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