ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Business

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.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more