Park Denies Creditors Free Use of Kumho Brand
As Kumho Tire’s Kim Jong-Ho takes the helm Dec. 1, the battle continues between outgoing Kumho Chairman Park Sam-koo and the Korea Development Bank (KDB).
Kumho Tire VP Named Kumho Asiana CEO
The Kumho Asiana Group has appointed vice president of Kumho Tire Co., Park Se-chang, as the group’s CEO, Tires & Accessories reports. Park, the 40-year-old son of group Chairman Park Sam-koo, will lead Kumho Asiana’s strategic management unit with current CEO Seo Jae-hwan. Last year, Park was promoted to co-CEO from senior vice president, but
Kumho Asiana Regains Control of Holding Company
Kumho Asiana Group has taken back control of its holding company Kumho Industrial, according to the Korean Times. In 2009, Kumho Asiana Group had to sell off its controlling stake in the holding firm as part of its creditor-managed workout program. Kumho Chairman Park Sam-koo has been working on regaining control of the company for