Doublestar Being Blocked from Kumho Name
China-based Doublestar Tyre Co.’s plan to take majority share of Kumho Tire Co. may be in jeopardy, according to Korean media.
Park Passes on Kumho Tire Buyback, Doublestar Poised to Buy Company
Kumho Asiana Group Chairman Park Sam-Koo announces he will not exercise his right of first refusal to repurchase Kumho Tire, the Korea Herald reports.
Doublestar Forms Consortium to Buy Kumho
Qingdao Doublestar’s finances are now in doubt after the Chinese tiremaker reportedly took out a large loan and set up a consortium to acquire the 42% controlling stake in Kumho Tire, Korean media reports.
Park Asked for Detailed Kumho Tire Purchase Plan
Creditors of Kumho Tire Co. have asked Park Sam-Koo, chairman of the Kumho Asiana Group, to present a detailed plan for his buyback of Kumho Tire.
Doublestar Continues Pursuit of Kumho Amidst Controversy
The saga continues in the sale of the majority share of Kumho Tire Co. According to South Korean media, leading bidder Qingdao Doublestar Tyre Co. is fighting back after growing pressure to prevent the tiremaker from purchasing the 42% majority share of Kumho.
Report: Politicians Urge Creditors Not to Sell Kumho Tire to China
South Korean politicians have voiced their concerns about the pending Kumho Tire/Doublestar Tyre Co. deal, asking the Korea Development Bank (KDB) and other creditors not to sell to a Chinese company, the Korea Times reports.
Report: Park Threatening Legal Action to Buy Back Kumho
Park is reportedly threatening to sue the Korea Development Bank (KDB) in an effort to pressure KDB to allow him to bid for a controlling stake in Kumho Tire through a consortium.
Kumho Hosts Sweepstakes Winners, Boys and Girls Club at NBA All-Star Game
Kumho Tire hosted the Boys and Girls Clubs of Southeast Louisiana and Kumho customers during the NBA All-Star 2017 in New Orleans for a VIP experience.
Kumho Wins Design Award
Kumho Tire Co. was awarded an iF Design Award for design and concept in the “transport device discipline” category.
Focusing on Consistency and Growth
Kumho Tire USA presented its “Take Control” strategy to its top tire dealers, distributors and their guests during its Kumho business meeting Dec. 8 at the Ritz-Carlton Hotel in Grand Cayman.
Kumho Gives Back to Boys and Girls Club
Kumho Tire USA donated 30 suite tickets for the NBA All-Star 2017 game in New Orleans to the Boys and Girls Clubs of Southeast Louisiana.
Park Closer to Reacquiring Kumho Tire
Park Sam-koo, chairman of Kumho Asiana Group, has secured financial investors to buy back Kumho Tire Co., according to The Korea Herald.