Kumho Tire Partially Loses Ordinary Wage Lawsuit... "Will Seek Supreme Court Ruling"
"Regular Wage Litigation Results Significantly Impact Company Management"
[Asia Economy Reporter Seong Giho] Kumho Tire has announced its intention to appeal to the Supreme Court regarding the partial loss in the retrial of the ordinary wage bonus lawsuit.
Immediately after the ruling on the 16th, Kumho Tire stated, "Today, the Gwangju High Court handed down a partial victory to the plaintiff in the 'ordinary wage bonus lawsuit retrial,'" and added, "Kumho Tire respects the court's judgment."
They continued, "The outcome of the ordinary wage lawsuit is a matter that significantly impacts the company's management. Therefore, after reviewing the specific details of the judgment, we will once again appeal the severe impact that the difficult situation and the verdict will have on the company through the re-appeal process, and ultimately seek the Supreme Court's decision."
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Kumho Tire emphasized, "Currently, despite uncertain internal and external management conditions, the company is making company-wide efforts to improve profitability by increasing sales through expanding the proportion of high-profit products and maintaining a surplus," and added, "Through this, we will restore customer trust and achieve prompt business normalization."
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