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March 25, 2024
Kumho Tire wins highest rating in German performance tests
Kumho Tire’s model ECSTA HS52 tire has garnered recognition from tire performance tests conducted by German automotive magazines ADAC and Auto Bild, the company said Wednesday. In this year's compre... continuous sales increase,” said Song Seong-hak, senior vice president of PC tire de...
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March 18, 2024
Kumho Tire to make EV push with EnnoV rebrand
Kumho Tire recently introduced EnnoV, the company's newly branded lineup of tires designed specifically for electric vehicles, stepping up its game in the EV tire competition with Hankook Tire & Tech...derived from the words "electric" and "innovation," and is positioned as a premium bran...
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March 04, 2024
Kumho Tire signs tech licensing agreement with Saudi Arabia's Blatco
Kumho Tire, South Korea's second-largest tire maker, said Monday it has forged a technology licensing agreement with Saudi Arabian tire maker Blatco. Under the agreement, Kumho Tire will provide Blatco with technology support for the production of passenger car tires sold in Sa...
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November 13, 2023
Kumho Petrochemical comits to net zero by 2050
Kumho Petrochemical Group has reiterated its corporate-wide commitment to enhancing environmental and safety measures while developing a sustainable management system to begin carbon-neutral growth b...nd achieve complete carbon neutrality by 2050. Kumho Petrochemical and its a...
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August 30, 2023
Kumho Tire giving momentum to EVs
South Korean tire maker Kumho Tire revealed a new commercial under the slogan “Your EV Partner, Kumho Tire” riding the increasing popularity of electric vehicles. The commercial addresses the company’s new tires specifically tailored for EVs. Compared to the internal combust...
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July 16, 2023
Hana selected as preferred bidder for KDB Life Insurance
...ording to state-run policy lender Korea Development Bank on Thursday. Back in 2010, the PEF was established jointly by KDB and Consus Asset to buy a controlling stake in what was formerly known as Kumho Life Insurance -- now KDB Life Insurance -- for 650 billion won ($514.5 million). ...
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July 07, 2023
Kumho Tire inks sponsorship deal with AC Milan
South Korean tire maker Kumho Tire said Thursday it has signed a sponsorship deal with AC Milan, the renowned Italian professional football club based in Milan, for five seasons through the 2027-28 S.... The signing event was held at the club’s headquarters Casa Milan with top executive...
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May 19, 2023
Kumho Tire touts successful TCR World Tour sponsorship in Portugal
Kumho Tire announced Thursday it has successfully sponsored the opening race of the Touring Car Racing World Tour, a renowned motorsport competition promoted by WSC Group that took place April 29-30 ...ational Circuit in Portugal. Signing a three-year title sponsorship deal with WSC last...
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February 28, 2023
Kumho Tire inks sponsorship deal for TCR World Tour
Kumho Tire announced Monday that it signed a title sponsorship deal for the Kumho Touring Car Racing World Tour with WSC Group in Lugano, Switzerland, Thursday. The South Korean tire maker plans to supply tires for all the vehicles competing in the 2023 TCR World Tour, an inter...
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December 12, 2022
24 Korean firms named to Dow Jones' sustainability index
...Household & Health Care, KB Financial, Mirae Asset, Samsung Securities, SK hynix and LG Electronics maintained their positions on the list again this year. For DJSI Korea, 13 local firms including Kumho Petrochemical, Korean Air, convenience store chain operator BGF, SK Biopharmaceutic...
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September 26, 2022
Kumho Resort says its luxury camping a hit
A new nature-friendly camping site run by Kumho Resort, a leisure unit of Kumho Petrochemical, has made a successful debut in July, the company said Sunday, adding that the company would invest more to expand the business. "We will continue our investments in Asan Spafore so th...
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June 14, 2022
Samsung chief cleared of violating work restrictions
...ye as part of a sweeping corruption scandal that brought her down in 2017. Lee is not the only chaebol leader involved in debate over employment restriction. An appellate court earlier in May gave Kumho Petrochemical Chairman Park Chan-koo the upper hand by nullifying the Justice Minis...
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June 10, 2022
Businesses cornered as cargo truckers‘ strike disrupt supply
...ly sent out in a single day. Tire manufacturers have also been hit. Hankook Tire said tire shipments from its Daejeon factory have been reduced to 30 percent of the usual daily average. Meanwhile, Kumho Tire has stopped shipments from all three of its factories. According to the Korea...
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June 06, 2022
Coupang added almost 30,000 new jobs last year
...lso included in the list of the largest hirers were Samsung, Shinsegae, LG, Kakao, SK, Hyundai Heavy Industries and Naver. On the other hand, seven companies -- Doosan, Hyosung, Hanjin, Eland, KT, Kumho Asiana and Amorepacific -- each shed over 1,000 employees. There were 28 companies...
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March 21, 2022
Hana Financial Group joins $2.6b bid to buy Chelsea FC
... 2 club Daejeon Hana Citizen. The other Korean firm in the consortium, C&P Sports, is headquartered in London and helps European football clubs connect with Korean companies and players. It helped Kumho Tire ink its famous partnership with Tottenham Hotspur. Nick Candy, the head of th...
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February 15, 2022
Chemical firms on high alert for toughened safety law
... “Magnolia Project” to overhaul its safety system at work sites. Lotte Chemical recently applied strengthened safety regulations to all work sites, and aims to spend 500 billion won over the next three years on safety measures. Meanwhile, Kumho Petrochemical last year conducted an org...
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January 13, 2022
Daewoo E&C names company veteran as new CEO
...total assets, according to the industry. Daewoo E&C was once a major affiliate of the now-defunct Daewoo Group, one the country’s largest conglomerates in the 1990s. The builder was later owned by Kumho Asiana Group, but has been on sale for years. Its key businesses include building...
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December 10, 2021
Jungheung to become 3rd largest builder in Korea after Daewoo E&C takeover
...rgest construction and engineering company in Korea, was once a major affiliate of the now-defunct Daewoo Group, one the country’s largest conglomerates in the 1990s. The builder was later owned by Kumho Asiana Group, but has been on sale for years. Daewoo E&C’s key businesses includ...
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December 10, 2021
Jungheung inks Daewoo E&C takeover deal, vows managerial independence
...banded in 1999, and has recently been under the control of the state-run Korea Development Bank. Kumho Asiana Group, an embattled shareholder of the nation’s second-largest air carrier Asiana Airline...ght a stake in Daewoo E&C from KDB in 2006. KDB bought back the stake in the builde...
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December 07, 2021
Samsung Electronics tops $110b in annual exports
...red representatives of five companies -- nucleic acid extraction technology firm Genolution, mold manufacturer Daechang, laminated steel sheet maker DCM Corp., raw material maker for elastic fibers Kumho Mitsui Chemicals and automaker Hyundai Motor -- with the Gold Tower Order of Indust...