Hankook Tire slows production to ease inventory glut
Hankook Tire Co
Seoul - Yonhap
Hankook Tire Co., South Korea's largest tiremaker, said Tuesday that it has scaled back production due to its record inventory glut.
The company said the number of unsold tires reached a staggering 660,000, the highest since the company was founded in 1941. The total is equal to 8.5 percent of the 7.75 million tires it makes in a month.
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