Kumho Granted Debt Stay, Considers Restructuring Deal
Kumho’s creditors are pushing back debt payments into the new year, so the Korean manufacturer can develop a restructuring plan to move forward after a tumultuous year.
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 Disputes Creditor Evaluation
Kumho Tire Co. is taking legal action against the Korea Development Bank’s (KDB) evaluation of its management, according to Korean media.
No Agreement Made on Kumho Industrial Sales Price
Creditors failed to reach an agreement on a price to sell their 57.5 percent stake in Kumho Industrial, the Korean Times reported. Last week, creditors were pushing Kumho Asiana Group to pay more than 650.3 billion won – the amount the company has said it cannot exceed – to purchase Kumho Industrial. On Aug. 27, the Korea
