Cash not courts
White collar workers at Kumho Tire hold a rally Wednesday at the tire maker’s factory in Gwangju, advocating the injection of foreign capital to the beleaguered company instead of resorting to court receivership. Doublestar, the most likely buyer of Kumho Tire, will hold a press conference today in Seoul to lay out the company’s plan in regard to a possible acquisition of Kumho Tire. [YONHAP]
with the Korea JoongAng Daily
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