Korea Development Bank could halt Kumho restructuring, trigger receivership

Kumho Tire has been attempting to downsize for a possible sale, according to the Korea Times. At the same time, the Korea Development Bank (KDB) is threatening to withdraw support for Kumho Tire unless the tyremaker can agree restructuring terms with its trade unions. And this in turn could trigger receivership.

The rest of this article is for subscribers only:
Log inSubscribe

Comments closed