Kumho Tire’s Fate: End of March Deadline Set
Creditors for Kumho Tire have decided to postpone discussing the debt-ridden company’s fate until the end of the month
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 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.
Kim Jong-Ho to be Appointed as Kumho Tire Chairman
Kim Jong-Ho returns to Kumho Tire as the new chairman of the company, effective December 1, 2017.
Kumho Tire Macon Employees Vote Against Joining USW
Employees at the Kumho Tire plant in Macon, Ga., voted 164 to 136 against representation by the United Steelworkers union. The USW plans to file objections with the national labor relations board.
Park Backs Out of Kumho Tire Sale
Korean media is reporting that Kumho Asiana Chairman Park Sam-koo has given up his right of first refusal for Kumho Tire. He has also stepped down from executive management for the company.
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.
Kumho Tire Sponsors Race for the Cure in Atlanta
Kumho Tire USA will be the Survivor area sponsor of the 2017 Race for the Cure through Susan G. Komen Greater Atlanta.
Kumho Tire Creditors Continue to Seek Brand Rights for Doublestar
Kumho Tire Co. could be headed toward bankruptcy court if Kumho Asiana Group doesn’t give Qingdao Doublestar trademark rights for Kumho Tire, The Korean Herald reports.