Kumho Tire Delays Bonus Payments - Tire Review Magazine

Kumho Tire Delays Bonus Payments

The payment of bonuses to approximately 3,000 Kumho Tire employees in South Korea have been delayed due to, according to a company official, the “company’s liquidity problem.”

South Korean vehicle manufacturers are currently experiencing a sharp decline in sales, the affects of which have been passed onto tyre makers.

The annual bonus payment, said the official, has been indefinitely postponed, however the company "will make its utmost efforts" to pay the bonus of 2.5 million won (£1,350) per worker. (Tyres & Accessories/Staffordshire, U.K.)

You May Also Like

Nexen Tire to be the official tire partner of the San Diego Padres

Nexen Tire will be featured on a variety of marketing assets, including billboards and in-ballpark branding at Petco Park.

Nexen-Tire-Padres

Nexen Tire America recently revealed a multi-year partnership with the Major League Baseball team San Diego Padres, spanning the 2024-27 seasons. As the Padres' exclusive tire partner, Nexen Tire will be featured on a variety of marketing assets, including digitally enhanced billboards, in-ballpark branding, mound signage, and more, at Petco Park. In 2023, the Padres drew the second-highest attendance in all of MLB.

WGH to recall up to 520,000 Terrain Attack, Terrain Pro winter tires

The tires are labeled as snow tires, but do not have sufficient traction to perform in all snow weather conditions, according to the National Highway Traffic Safety Administration.

Recall
K&R Tire Center to host grand opening of new Flint, MI location

The company said it will have representatives from Goodyear, local customers and dealership representatives on hand to celebrate.

KR-Tire-center
Bridgestone Retail Operations rolls out brand refresh for Tires Plus, Hibdon Tires Plus

Updates to the logo include a single-color tire mark; a logo palette comprised of Tires Plus yellow, black and red; and refined typefaces.

Tires-Plus-new-branding
Yokohama’s Advan Sport V105 tires will be OE for Subaru Impreza in Europe, Latin America

Yokohama said the tire enhances the car’s handling stability and comfort while reducing rolling resistance.

Yokohama-Advan-Sport-V105

Other Posts

OTAA to host free training for members in Akron, OH

The association said these workshops are designed to enhance technician’s technical expertise and keep them up-to-date with the latest industry advancements.

Stock-technician-training-1400
Hankook Tire debuts Great Catch Rebate through July 7

Drivers who purchase at least four tires from eligible lines will qualify for savings of up to $120.

2024-Great-Catch-Rebate-1400
GT Radial Formula Drift team welcomes 14-year-old driver

Minowa, who will be the newest and youngest driver in the Formula Drift 2024 pro season, will be debuting with Team Jerry Yang Racing.

GT-Radial-FD-Driver-Hiroya-Minowa
TIA is now accepting nominations for open board of directors positions

The newly-elected board members will serve three-year terms with the potential for re-election to two additional terms.

OTR-Conf---DIck-Gust-1400