Kumho Tire Separates from Kumho Asiana Group - Tire Review Magazine

Kumho Tire Separates from Kumho Asiana Group

Kumho Tire has parted ways with its parent company, Kumho Asiana Group. The tiremaker filed for separation last month.

Kumho Tire has officially parted ways with Kumho Asiana Group as part of the corporate restructuring work being led by its creditors. According to reports in The Korean Herald, the tiremaker filed for separation from its parent company last month.

“Based on the Monopoly Regulation and Fair Trade Act, Kumho Tire has become a separate affiliate from Kumho Asiana Group,” the company said in local reports.

The goal of the separation is to minimize future uncertainty and get the global tiremaker back on track, especially after failing to sell the 42 percent controlling stake of Kumho Tire in 2017. Kumho Tire USA continues to show positive momentum despite the challenges at its South Korean-based global headquarters.

You May Also Like

ADD Group to Present Various Product Lines at AM Shanghai 2023

The company is highlighting new complete strut assemblies and air shocks for EV applications.


ADD Group is exhibiting various product lines at Hall 3 Booth 3N35 at Automechanika Shanghai 2023, Nov. 29 to Dec. 2. The group says it is exhibiting its full line of shocks, struts, and complete strut assemblies, along with air shocks, strut mounts, motor mounts and engine sealing parts for passenger cars, SUVs, pickups, light trucks, commercial and heavy-duty vehicles.

Sentury Tire Voluntarily Recalls Batch of Passenger Tires

The recall includes certain Arroyo, Landgolden, Landsail, Lexani, Lionhart, Mavis, Mohave, National, Radar and Vercelli lines.

VIP Tires & Service Executive Chairman’s Five Steps to Keeping Customers for Life

John Quirk says customers do not simply support VIP due to getting great service; it’s because his people build relationships.

Tirebuyer Rebrands as Treadsy, Shifts Business Focus

The company said its first ‘powered by Treadsy’ partnership is with Rent-A-Center.

Treads Partners with Anyline for Enhanced Car Management

Anyline and Treads partnered to include data and analytics via the Treads app, starting with Anyline’s Tread Depth Scanner.

Other Posts

Bridgestone Honored as Top Company for Women in Transportation

Bridgestone received an award from Women in Trucking for promoting benefits and advancement for female employees.

Falken Tires Earns RTS Top Market Share Increase Award

The award acknowledges Falken’s commitment to innovation and quality in the passenger car/light truck segment.

Discount Tire Awards Scholarship to USF Pro Championships Driver

Discount Tire awarded $664,500 in scholarship money to USF Pro 2000 champion Myles Rowe.

Bridgestone Raises Over $2.44 Million for United Way

Bridgestone’s annual efforts, including a record-breaking golf tournament, raised funds supporting Middle Tennessee communities.