Kim Jong-soo, president of Kumho Tyre, said on July 9 that in order to overcome the global economic crisis, it will focus on opening up the Chinese market.
At the end of May 2009, he was promoted to the company’s representative and was placed in the hope that the company’s hope for the rescue of the company’s Kim Jong-soo was held at the Seoul Plaza Hotel for the first time since his inauguration and said: “The goal in the Chinese market is to maintain the Based on the further expansion of market share."
He said: "I think that maintaining first place in China is expected to rank top in the world. China is as important as the domestic market."
He said on the decline in global auto demand: "Car demand fell to 60 to 65% before the economy fell into depression, but tire demand still reached 80 to 85%."
Kim Jong-ho said that Kumho Tire’s current technology level is no less than the world’s three largest tire companies (Michelin, Bridgestone, Goodyear). In terms of racing, the F3 race has a share of 20 to 30%, and the F1 racing tires have been developed but have not yet been introduced due to cost issues.
Kumho Tire is providing tires to vehicle companies in Europe and the United States, and discusses supply issues with a number of premium limousine and branded automobile companies.