Creditors hire ex-Kumho Tire CEO as new chairman

Seoul, South Korea — Korea Development Bank, the lead of a Kumho Tire Co. Inc. creditors group, has appointed former Kumho Tire CEO Kim Jong-Ho as the tire maker’s new chairman, effective 1 Dec.

Kim, 70, who was Kumho Tire’s CEO from 2008-12 and an adviser from 2012-16, joined Kumho originally in 1976. According to Kumho, he led the company through “significant challenges during the global recession and recovery period” during his tenure as…

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