Is Tire Bank Joining the Bid for Kumho Tire?
A South Korean company has expressed interested in buying the debt-ridden Kumho Tire Co. just days before its deadline to finalize a deal with a Chinese tiremaker.
Kumho Labor Union Continues to Resist Doublestar’s Buyout
As a Friday deadline is on the horizon to accept a reorganization plan, Kumho’s labor union continues to resist Doublestar’s acquisition.
Kumho CEO Ends Protests, Unions Urged to Accept Doublestar Deal
The sit-ins and walk-outs by unionized Kumho Tire workers have ended; however, the union group continues efforts to block the sale of the tiremaker to Chinese tiremaker Qingdao Doublestar.
Kumho Tire Creditors Continue with Negotiations
The main creditor of Kumho Tire, Korea Development Bank (KDB), is again in negotiation with China’s Qingdao Doublestar, but additional variables in play may pose serious challenges to any new deals.
Task Force Formed to Help with Kumho Tire Restructure
The Korea Development Bank has established task forces to handle the acquisition, merger and restructure of Kumho Tire.
Kumho Deal Crumbles, Creditors Reject Demands
After a year of negotiation regarding the acquisition of Kumho Tire by Qingdao Doublestar, the deal could be back at square one.
Sale of Kumho Tire Hits a Snag
The sale of Kumho Tire to Chinese tiremaker Qingdao Doublestar Co. could go back to the drawing board, potentially opening an opportunity for Park Sam-koo, chairman of Kumho Asiana Group, to exercise his buyback rights after all.
Deal for Kumho Expected to Be Signed This Month
Qingdao Doublestar Co. is in its final stages of the majority share purchase of Kumho Tire Co., according to Korean media.
New Terms Proposed for Use of Kumho Trademark
The ongoing battle between creditors and Kumho Asiana Group over the trademark rights of Kumho Tire continues.
South Korea President Poises New Threat to Doublestar’s Kumho Tire Buy
Analysts have found that South Korea’s new president, Moon Jae-in, could prevent the Chinese tiremaker from acquiring the majority share of Kumho Tire.