Creditors meet to discuss Kumho Tire’s future
KDB offers to extend maturity of Kumho Tire's debt by one year if union accepts self-help plan
The Korea Development Bank (KDB), the main creditor of Kumho Tire, will hold a meeting today (28 February) to discuss the fate of the South Korean tire-maker as its management and labor union failed to agree on a turnaround plan, reports Yonhap News Agency.
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