|Headquarters||Gwangju, South Korea|
|Revenue||US$ 3.57 billion (2013)|
|Net income||US$ 104.87 million (2013) |
|Parent||Kumho Asiana Group|
|Revised Romanization||Geumho Taieo|
Kumho Tire Co., Inc. LSE: KHTC, formerly known as Samyang Tire, is a South Korean tire company. Headquartered in Gwangju, South Korea, it is a subsidiary of the Kumho Asiana Group, along with Asiana Airlines, South Korea's second largest airline.
Kumho Tires runs three manufacturing facilities in South Korea: the Pyeongtaek Plant, the Gokseong Plant and the Gwangju Plant which includes the Kumho Research and Development center mentioned below. There are a further three plants in China: the Tianjin Plant, the Gaoxin Plant (in Nanjing) and the Changchun Plant. There is also one plant in Vietnam in the Binh Duong Province.
Kumho Tires exports tires worldwide and has a global network of sales organizations.
It has three centers for research and development, with the largest in Gwangju, South Korea. The other two centers are in Akron, Ohio and Birmingham, England. These service the US and European tire markets respectively. Other research centers are located in Buchholz (Germany) and Tianjin (China).
in 2011, China Central Television (CCTV) disclosed that, there were serious irregularities in the tire production process of Kumho tires. It reuses a lot of mixing in the production process, is not in accordance with its standard to produce. March 21, 2011 afternoon, the president of Kumho Tire (Kim Jong-ho), and president of Kumho Tire China (Li Hanxie) released the official statement of apology through CCTV, and announced the recall of all the illegal products.
In 2007, Kumho became a Platinum Partner of the Manchester United Football club. The company is classed as an Official Club Sponsor. In partnership with Manchester United, Kumho launched a "Play Safer" campaign designed to increase youth road safety awareness.
The company also sponsors other motoring events such as European Formula 3 racing.
Kumho Tires is one of the sponsors of the La Liga.
Daehan Tire since 1991.
- Kumho BMW Championship
- Kumho Tire Co. v. Carmichael
- List of Korean companies
- List of Korea-related topics
- "Company Profile for Kumho Tire Co Inc (073240)". Bloomberg. Retrieved 26 September 2012.