Kumho Tire Acquires Tangible Assets Worth 116.1 Billion KRW

Kumho Tire announced on the 28th that it will acquire land and buildings located in the Phase 2 project area of the Bitgreen National Industrial Complex in Hampyeong-gun, Jeollanam-do.

The land area is 500,000㎡ (approximately 151,250 pyeong), and the acquisition amount is 116.08417 billion KRW.

The purpose of the acquisition is to secure a new site for relocating Kumho Tire's Gwangju factory.