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You are here: Home1 / Kumho Development Bank

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Korea Development Bank could halt Kumho restructuring, trigger receivership

Company News, International News

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.

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Related news:

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12th January 2018/by Chris

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