Kumho Tire turns to black in 2023

SEOUL, Kumho Tire Co. on Tuesday reported its 2023 net profit of 170.7 billion won (US$128.3 million), shifting from a loss of 77.5 billion won a year earlier. Operating income for the year was 388.3 billion won, up 1578.5 percent on-year, the company said in a regulatory filing. Annual revenue rose 13.5 percent to 4.04 trillion won. Source: Yonhap News Agency