Oh takes over as president of Kumho Tire
Dr. S.C. Oh is the new CEO and president of Kumho Tire Co. Inc., following the retirement of Hyung In Shin.
Oh, who has a chemical engineering background, officially took over on Jan. 1. Shin will stay on as a consultant for the rest of the year.
Kumho Industrial Co. Ltd. sold its tire business to the South Korean Military Mutual Aid Association (MMMA) and other investors last April. The resulting company was Kumho Tire, parent company to Kumho Tire U.S.A. Inc.
MMMA controls 50% of Kumho Tire, while other investors control 20%. Kumho retained 30% ownership as part of the transaction.