Creditors including the state-run Korea Development Bank (KDB) will sell about 200 billion won (US$194.2 million) worth of stakes in Kumho Tire Co., an industry source said Thursday.
KDB and eight other creditors will offload 17,619,356 shares in Kumho Tire, the country's second-largest tire maker, the source told Yonhap News Agency on condition of anonymity.