Retail

Kumho parent company gets new name

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Kumho Tire U.S.A. Inc.'s parent company will now be known as Kumho Tire Co. Inc. instead of Kumho Industrial Co. Ltd.

The name change is the result of Kumho Industrial selling its tire business to the South Korean Military Mutual Aid Association (MMMA) and other investors this past April.

MMMA controls 50% of Kumho Tire, while other investors control 20%; Kumho retained 30% ownership as part of the transaction.

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