[News] - Business

[News] - Business 4

Doublestar chairman guarantees Kumho Tire’s independent management

In efforts to convince the labor union and public that China’s Doublestar is a credible buyer of Kumho Tire, Doublestar Chairman Chai Yongsen on Thursday promised autonomous management of the local firm and guaranteed three years of employment.

While urging the labor union to cooperate with the recapitalization deal Doublestar had signed with creditors last week, Chai hinted at a possible withdrawal if the union does not come on board by the end of this month.

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