Final flames
![Firefighters extinguish the remaining flames on the third day of a fire that broke out at Hankook Tire's Factory 2 in Daejeon on Sunday night. Hankook Tire halted all tire production from its Daejeon plant on Monday after some 210,000 tires were lost in the blaze. The tiremaker's Daejeon plants produce 19 million tires every year, which is 20 percent of all Hankook Tire tires produced annually worldwide. With Factory 2 completely burned and Factory 1 partially damaged, a date when production can resume is unclear. Ongoing wage negotiations between the company and its labor union and the arrest of chairman Cho Hyun-bum on multiple charges may further delay the resumption, which could impact the automobile industry in the long term. Hankook Tire's stock price plunged 5.99 percent on Monday and 2.32 percent on Tuesday. [YONHAP]](https://koreajoongangdaily.joins.com/data/photo/2023/03/14/cbdaa9df-f76c-472e-997b-7552e4e59936.jpg)
Firefighters extinguish the remaining flames on the third day of a fire that broke out at Hankook Tire's Factory 2 in Daejeon on Sunday night. Hankook Tire halted all tire production from its Daejeon plant on Monday after some 210,000 tires were lost in the blaze. The tiremaker's Daejeon plants produce 19 million tires every year, which is 20 percent of all Hankook Tire tires produced annually worldwide. With Factory 2 completely burned and Factory 1 partially damaged, a date when production can resume is unclear. Ongoing wage negotiations between the company and its labor union and the arrest of chairman Cho Hyun-bum on multiple charges may further delay the resumption, which could impact the automobile industry in the long term. Hankook Tire's stock price plunged 5.99 percent on Monday and 2.32 percent on Tuesday. [YONHAP]
with the Korea JoongAng Daily
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