KUMHO

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.

Etymology

Kumho means "bright lake" in the Korean language. In the European Union, Kumho Tire is known as Kumho Tyre.
Operations

An industrial conglomerate chaebol, Kumho Tire manufactures a full range of tire under the Kumho and Marshal brands.

Kumho Tire 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 and one plant in the United States (Macon, Georgia).

Kumho Tire 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).

Kumho Tyre (UK) Ltd (a subsidiary of Kumho Tire Co., Inc.) was created in 1977. Administrative functions are based in Sutton, Surrey and the marketing department is operated from Birmingham.