South Koreans Drop Output

Reuters reports that South Korean tyre manufacturers began to cut output during November. The news source says that its information has come from the country’s top companies in the field, such as Hankook.

On 25 November, shares in the country’s automotive industry players took a nosedaive, with Kia down 12.07 per cent – falling for the second session in a row – and Hankook down 9.26 per cent.