Most Popular
-
1
5 days to US election, North Korea fires ICBM with longest flight yet
-
2
Controversial US YouTuber faces travel ban, police investigation
-
3
Thai K-pop fans’ online protest against Hybe intensifies
-
4
Looking for love, and drama? 'I am Solo' now casting foreign residents
-
5
Samsung vows to boost AI chip sales after earnings miss
-
6
N. Korea fires ballistic missile toward East Sea: JCS
-
7
Opposition accuses Yoon of favoritism, election meddling
-
8
Will 'APT.' revive Korean drinking games? We asked Korean drinkers
-
9
Group cancels scattering leaflets in NK amid security risks
-
10
[Graphic News] ‘Gimjang’ cabbage prices set to exceed 5,000 won
![[Graphic News] ‘Gimjang’ cabbage prices set to exceed 5,000 won](//res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/10/30/20241030050747_0.gif&u=)
![[Graphic News] ‘Gimjang’ cabbage prices set to exceed 5,000 won](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=644&simg=/content/image/2024/10/30/20241030050747_0.gif&u=)
Kumho Tire said Tuesday it will sell its natural rubber processing plant in Vietnam to focus on its core business.
The second-largest tire maker in South Korea said it has struck a deal with a joint venture between Korean automaker Hyundai Motor and Thanh Cong Group of Vietnam to sell its rubber factory. It plans to finalize the deal by May.
The company opened the $4 million factory in southeastern Vietnam in 2007, which can supply rubber for 6 million tires a year.
The tire maker has been grappling with shrinking sales amid the COVID-19 pandemic and worsening profit due to a hike in raw material prices.
The deal comes as the US Department of Commerce is moving to slap anti-dumping duties on tire makers of four Asian nations, including South Korea, later this year.
In October, Kumho Tire signed a deal with a Pakistani tire company to sell its truck and bus radial tire plant in China. (Yonhap)
The second-largest tire maker in South Korea said it has struck a deal with a joint venture between Korean automaker Hyundai Motor and Thanh Cong Group of Vietnam to sell its rubber factory. It plans to finalize the deal by May.
The company opened the $4 million factory in southeastern Vietnam in 2007, which can supply rubber for 6 million tires a year.
The tire maker has been grappling with shrinking sales amid the COVID-19 pandemic and worsening profit due to a hike in raw material prices.
The deal comes as the US Department of Commerce is moving to slap anti-dumping duties on tire makers of four Asian nations, including South Korea, later this year.
In October, Kumho Tire signed a deal with a Pakistani tire company to sell its truck and bus radial tire plant in China. (Yonhap)
![[Herald Review] ‘Amazon Bullseye,’ motley comedy of forced empathy, outdated wordplay](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=652&simg=/content/image/2024/11/01/20241101050706_0.jpg&u=20241101194716)
