{"id":18901,"date":"2018-01-03T12:32:57","date_gmt":"2018-01-03T11:32:57","guid":{"rendered":"http:\/\/www.tyretrade.ie\/?p=18901"},"modified":"2018-01-03T12:32:57","modified_gmt":"2018-01-03T11:32:57","slug":"kumho-to-under-go-restructure","status":"publish","type":"post","link":"https:\/\/www.tyretrade.ie\/index.php\/kumho-to-under-go-restructure\/18901","title":{"rendered":"Kumho to under go restructure"},"content":{"rendered":"<p>Korean tyre maker, Kumho is set to under go a reconstruction, merger and acquisition, after its main creditor, the Korea Development Bank (KDB) confirmed on Wednesday, January 3, that it has set up three task forces to handle the restructure.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-16343 alignright\" src=\"http:\/\/www.tyretrade.ie\/wp-content\/uploads\/2017\/02\/kumho-tyres.jpg\" alt=\"\" width=\"164\" height=\"179\" srcset=\"https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2017\/02\/kumho-tyres.jpg 330w, https:\/\/www.tyretrade.ie\/wp-content\/uploads\/2017\/02\/kumho-tyres-275x300.jpg 275w\" sizes=\"auto, (max-width: 164px) 100vw, 164px\" \/><\/p>\n<p>The state-run bank and several other creditors had planned to come up with measures to restructure Kumho Tire by the end of last year, but extended the deadline to the end of January.<\/p>\n<p>It is understood the SK Group has expressed interest in the purchase of the tyre maker.<\/p>\n<p>\u201cWe\u2019ve launched the task forces as a fresh way of resolving the issue,\u201d a KDB official said.<\/p>\n<p>Nine creditors led by the KDB had been discussing the debt restructuring process while extending debt worth US$1.1 billion to the end of January.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Korean tyre maker, Kumho is set to under go a reconstruction, merger and acquisition, after its main creditor, the Korea Development Bank (KDB) confirmed on Wednesday, January 3, that it has set up three task forces to handle the restructure. The state-run bank and several other creditors had planned to come up with measures to [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":16343,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[649,136,1],"tags":[],"class_list":["post-18901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brands","category-kumho","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Kumho to under go restructure - TyreTrade.ie<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.tyretrade.ie\/index.php\/kumho-to-under-go-restructure\/18901\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kumho to under go restructure - TyreTrade.ie\" \/>\n<meta property=\"og:description\" content=\"Korean tyre maker, Kumho is set to under go a reconstruction, merger and acquisition, after its main creditor, the Korea Development Bank (KDB) confirmed on Wednesday, January 3, that it has set up three task forces to handle the restructure. 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