Tag: receivership

Korea Development Bank could halt Kumho restructuring, trigger receivership

12th January 2018 | 0 Comments

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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