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Hankook & Company Halts Battery Production After Plant Fire

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Hankook & Company (KRX:000240) has suspended all automotive lead-acid battery production at its Daejeon plant following a fire in the manufacturing process on Tuesday.

The suspension affects sales of approximately 457.8 billion won, representing 31.41% of the company's consolidated revenue for the latest fiscal year, according to a South Korean bourse filing on Thursday.

The company said it will disclose further updates on the resumption timeline.

Shares of Hankook & Company fell over 1% in recent trade.

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