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.
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.