Carmakers to Suffer 28 tln-won Cash Shortage if Virus Prolongs

SEOUL, April 10 (Korea Bizwire) — South Korean carmakers and auto parts firms will suffer a cash shortage of over 28 trillion won (US$23 billion) if the coronavirus outbreak continues to affect the automobile industry for the next four months, a local industry association said Friday. In a meeting with industry officials and auto experts, [...]