Report: Group chairman ‘will not reacquire’ Kumho Tire

Seoul – Chairman of Kumho Asiana Group Park Sam-koo has officially declared that he has no intention of reacquiring Kumho Tire, according to a Business Korea report 28 Nov.

The newspaper said Park called an “unscheduled” press conference to help “settle a conflict with Korea Development Bank (KDB)”, the main creditor of Kumho Tire.

This is while Park has not made his intentions clear with regards to the Kumho Tire trade mark which, as reported by ERJ, caused a deal with China’s Qingdao Doublestar collapse in September.


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