[DISCLOSURE]
KR Motors (000040) announced on July 11 that it has taken over the entire stake in Daelim Motor’s motorcycle department at 33.4 billion won (US$29.14 million).
KR Motors was the nation’s second-largest motorcycle manufacturer after Daelim Motors, which will remain as a parts maker.
By Hwang You-mee (
theinvestor@heraldcorp.com)