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User Guide
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CONTENTS
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About the Information Platform
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  1. Home
  2. Supplier Database
  3. Major Suppliers
  4. Kumho Tire Co., Inc.
  5. Kumho Tire Co., Inc. Business Report FY ended Dec. 2018

Kumho Tire Co., Inc. Business Report FY ended Dec. 2018

Financial Overview (Consolidated)

(in millions of won)
FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 Rate of
Change (%)
Sales 2,558,681 2,876,420 (11.04)
Operating income (78,852) (157,160) 49.82
Net income (182,696) (111,842) (63.35)

 

Change in Top Shareholders

-Kumho Tire Co., Ltd. held an extraordinary general shareholders' meeting on July 6, 2017, and appointed Mr. Chai Yongsen, Chairman and Mr. Zhang Junhua, Chief Financial Operator (CFO) of the Qingdao Doublestar Group to inside directors of the Korean company. On the same day, Qingdao Doublestar invested Chinese yuan (CNY) 3.9 billion or Korean won (KRW) 646.3 billion to acquire a 45% stake in the tire manufacturer and become the top shareholder. As a result, the investment ratio of the investors' group of Korea Development Bank and other companies went down by 23.1%. (From some releases on July 7, 2018)

　

R&D Structure

Facility Location Overview
Central R&D Center Yong-in,
Gyeonggi-do,
Korea		 -Year established : 2013
-Main R&D center
Kumho Tire America Technical Center (K.A.T.C) Ohio
USA		 -Year established : 2006
-Developing tires for the North American OEM market and the aftermarket
Kumho Tire Europe Technical Center (K.E.T.C) Frankfurt,
Germany		 -Year established : 1997
-Developing high-performance tires for the European market
Kumho Tire China Technical Center (K.C.T.C) Tianjin
China		 -Year established : 2006
-Developing high-performance tires for the Chinese and European markets

　

R&D Expenditure (Consolidated)

(in millions of won)
FY ended Dec. 31, 2018 FY ended Dec. 31, 2017 FY ended Dec. 31, 2016
Amount 79,736 93,674 93,701
% of sales 3.12% 3.26% 3.18%

　

Capital Investment

(in millions of won)
Division Planned amount of investment for 2018 Amount invested in 2018 Planned amount of investment for 2019 Purpose of investment
Tires (construction / industrial equipment) 171,711 106,772 111,998 Quality enhancement

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Roppongi, Minato-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Novi, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
infoshanghai@marklines.com
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779