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Kumho Tire expected to be sold overseas

금호타이어 해외매각 불가피 분위기노조 최종 선택은

Kumho Tire expected to be sold overseas


It seems the decision on selling the country’s second largest tiremaker to a foreign firm is up to its labor union.


The Party for Democracy and Peace on the 13th, Tuesday held a hearing on issues regarding GM Korea’s manufacture line in Gunsan, Jeollabukdo and Kumho Tire Co. at the National Assembly.


During the meeting, Moon Seung Wook, director of the industry ministry said that to keep jobs at the tiremaker, selling the company to overseas party is necessary highlighting there is no domestic firm stepping in.


Kim Jong Ho, head of the company on the 12th, Monday, climbed up to the top of a transmission tower in front of its Gwangju factory, at which two senior union members are protesting against the tiremaker’s acquisition plan.


Kim urged the union members to come out for talks to prepare for practical countermeasures as the company is not able to normalize without outside capital injection.


However, the union is still standing against the merger plan and pledged to go on a full strike on the 14th, Wednesday.

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8978 TEXT 6pm weather update Taking a look at the weather; the Gwangju and Jeollanamdo region will be met with warm temperatures this weekend. Mercury will drop close to zero in the morning but reach double digit highs in the day. It will be sunny throughout the… 03-16 9
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8972 TEXT 15pm weather update Taking a look at the weather, it is a cloudy day here in the Gwangju and Jeollanamdo region today. The dust levels are expected to in normal ranges this afternoon while the ozone level and UV index will be in normal ranges as well. … 03-16 11
8971 TEXT 12pm weather update The Ministry ofthe Interior and Safety issuedwind and wave warnings on the area off east of western part of the South Sea; the eastern open waters of Jeju; and the area off south of Jeju as of noon of the 16th, Friday. Remove or tie obj… 03-16 11
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8969 TEXT 10am weather update Taking a look at the weather, heavy cloud cover is dominating the Gwangju and Jeollanamdo region this morning. As we approach the afternoon, the cloud cover will become lighter. Air quality for the day will remain in normal ranges… 03-16 7
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