Kumho Hires New Managing Director
Kumho Tire USA has hired Brian Buckham as its new managing director at Kumho America Technical Center in Fairlawn, Ohio. “I have experience in rubber compounding, tread, mold cavity and tire construction design for OE and replacement, as well as managing sales and marketing teams,” said Buckham, who holds a degree in chemical engineering, plus an MBA.
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.
Kumho Offering Fall Rebate Program
Kumho Tire USA has announced the “It’s Not Just Back to School” fall 2017 rebate program. The rebate program is offering consumers up to $70 Visa prepaid card by purchasing a set of four qualifying Kumho tires from Sep. 1 through Oct. 31.
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.
Kumho Execs Threaten Resignation if Company is Sold to Doublestar
Forty-one Kumho Tire executives, including CEO Lee Han-seob, have threatened to resign if the tiremaker is sold to Doublestar.
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.
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.
Doublestar Rejects Terms for Kumho Trademark Usage
Chinese tiremaker Doublestar is hoping to renegotiate terms of use for the Kumho Tire trademark, Korean media reports. The company rejected a proposal from Kumho Industrial that would require Doublestar to pay .05% of sales annually during a 20-year deal for the Kumho name.
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.
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.
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.