Hankook Tire’s Q1 sales decline 12.5% y/y to USD1 billion
Company has secured additional cash liquidity of KRW700 billion from borrowing to prepare for potential liquidity problems caused by the COVID-19 pandemic
South Korean tire maker Hankook Tire has reported a 12.5% year-on-year (y/y) decline in sales to KRW1.4 trillion (about USD1 billion) for the first quarter ended 31 March 2020, according to a company press release on 7 May
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