S. KOREA’S KUMHO TIRE UNION WORKERS ACCEPT WAGE FREEZE AND CASH BONUS

Highlights –

• S. Korea’s Kumho Tire union workers accept a wage freeze and cash bonus.
• The management and labor union reached the agreement early this month.
• The company’s full-year operating profit in 2020 fell 37 percent....

KT LONGS FOR A SLICE OF REAL ESTATE BIZ WITH STAKE IN KUMHO RESORT

• KT, the country's leading Telecom Company, appears to be exploring the best possible alternative to lower its heavy reliance on the telecom business, as it goes about acquiring a stake in Kumho Resort.
• According to local banking industry sources, KT hired Ernst & Young ...

AUSTRALIA IS TREASURE COMPANY FOR KUMHO

Highlights:

• The Australian subsidiary of the Kumho tire is considered as a company treasure.
• Kumho has a total of 5.3 percent share of the Australian market.
• Kumho provides tires in its mid-level pricing and is used as original equipment (O...

KUMHO CRUGEN WILL BE USED BY AUDI FOR Q5

Highlights:

• Crugen Premium KL33 tire is selected as an optional OE tire for Audi 2020 Q5 compact SUV.
• The tires are made at Kumho’s factory in Macon, Georgia, and for the assembly, it is then sent to Audi's assembly plant in San Jose Chiapa,...

KUMHO TIRES FOR AUDI

Highlights:

• Kumho Tire Co. began to supply tires to Audi Q5 SUV.
• Kumho tires currently supply tires to BMW, Mercedes-Benz, Volkswagen, Skoda, and Fiat Chrysler Automobiles.
• Kumho Tire’s net losses were 159.21 billion won in the period...

Korean domination in the threat?

The Korean name in tyre industry is enough to know that the product is the best in the market and you don’t need to go looking further than this to get a good deal and good performance out of the tyre you’re buying. But will this be the same?

The Korean tyre industry has dom...