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Doublestar's Kumho Tire deal drifts off course

Brand usage fee, opposition party put brakes on Chinese tire maker's plan

SEOUL -- Chinese tire maker Qingdao Doublestar is struggling to complete its ambitious 955 billion won ($845.1 million) deal to buy a 42% controlling stake in ailing South Korean peer Kumho Tire, as both sides play a tug of war over the price of the Kumho brand after the acquisition.

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