Kumho History

 

Startup

In September 1960 we established Samyang Tire, the predecessor of today's Kumho Tire. In those days, the domestic automobile industry was at a primitive stage, and so were auto parts industries like the tire industry. We made about 20 tires a day, depending on manual labor because of our backward technology and shortage of facilities. However, from the latter half of the '60s, we acquired the KS Mark and managed to ship to East Asia for the first time. This was our starting point.

Sep. 1960 Samyang Tire Co., Ltd., founded in Yang-dong, Kwangju City.
Jan. 1961 First tire, an average of 20 produced per day.
Apr. 1963 Compact passenger car tire (560~13), the first manufactured in Korea.
Jun. 1964 Tube developed.
Oct. 1965 Started shipping to East Asia (200 tires to Thailand amounting to $7,700).
Mar. 1966 DOT (US Department of Transportation) Mark acquired.
Jan. 1969 Snow tire developed.

Meeting the Challenge

At the end of the '60s, when the Korean government was leading national reconstruction, Kumho worked hard to meet the government's objectives and to gain business strength. Kumho poured energy into building its Songjung Plant (the present Kwangju Plant). With this new facility, and after establishing ties with UNI Royal of the USA, Kumho caught up in technology and entered the world marketplace.

Jul. 1971 Operation of Songjung Plant begun.
Jun. 1963 Technological ties settled with UNI Royal of the USA.
Nov. 1973 Awarded Stone Trophy on the 10th Korea Export Day.
Sep. 1974 Songjung Plant fully completed, head office moved.
Nov. 1975 Awarded Silver Trophy on the 12th Korea Export Day.

Rapid Growth

Despite the 1974 oil shock and difficulties in procuring raw materials, Kumho managed to achieve remarkable growth. In 1976 Kumho became the leader in the tire sector and was listed on the Korea Stock Exchange. Songjung Plant II was added in 1977. Receiving the grand prize of the Korea Quality Control Award in 1979, Kumho sharpened its corporate image with the public.

Jan. 1976 Company-wide campaign for technology and quality control.
Apr. 1976 Successful test drive of first aircraft tire.
Nov. 1976 Awarded Gold Trophy on the 13th Korea Export Day.
Dec. 1976 Produced one million tires in the year, a record in Korea.
Jan. 1977 Ground breaking of Songjung Plant II.
Dec. 1977 Recognized as the Best Management Company, the Best Company in Korea, and a Superior Productivity Company by the Korea Productivity Center.
Mar. 1978 Awarded presidential citation as a Superior Labor-Management Company
Apr. 1978 Korea's first TB radial tire developed.
Nov. 1979 Won grand prize in the 5th Quality Control Awards and the silver medal in the Industrial Standardization Awards.

Overcoming Hardship

The turmoil of political instability and feverish democratization in the '80s worsened the business environment. Kumho also underwent labor-management struggles but succeeded in straightening out one issue after another. In the meanwhile, the company chalked up a total output of 50 million tires, broke ground for its Koksung Plant, and completed its proving ground, in preparation for a new takeoff.

Dec. 1980 Received $100 Million Export Trophy, total output exceeded 20 million tires.
Feb. 1982 Tire Research Center established.
Oct. 1982 Color tires (Rainbow 888: red, blue, green) for passenger cars developed.
Jul. 1983 Total output exceeded 30 million tires.
Aug. 1983 First export from Korea of tire manufacturing facilities.
Jun. 1984 Death of Park Incheon, president and founder.
Sep. 1984 Kumho Corporation merged with Kumho Tire.
Oct. 1984 Won Productivity Grand Prize.
Apr. 1985 Name of Samyang Tire Research Institute changed to Kumho Technical Research Institute (KTRI).
Oct. 1985 Head office in Songjung moved to Seoul.
Feb. 1986 Operation of KOPICS started.
Mar. 1987 Ground broken for Koksung Plant in Sobong-ri, Ip-myon, Koksung-gun County, received Presidential Award for the Best Energy Saving Company.
Aug. 1988 DOT mark (US Department of Transportation) acquired.

For A New Takeoff

The '90s have been the runway for a takeoff into the 21st century. Kumho is refreshing its corporate culture today in order to cope with the ever-changing business environment in the world under the WTO regime and to take its place on the global forefront.

May 1990 KS mark acquired by Koksung Plant.
Sep. 1990 Power Racer 60/65 high-performance tire series put on the market.
Dec. 1990 Total output exceeded 100 million tires.
Mar. 1991 VR tires, 50 series, acquired the E1 mark, the first in Korea.
Aug. 1991 Manufacture of golf balls started.
Oct. 1991 Izen snow tire developed and put on the market.
Dec. 1991 Contract signed with UGTC of the USA for brand use and technology patents.
Jan. 1992 Koksung Plant selected as a model company for environmental management.
Feb. 1992 Kumho's commercial aircraft tires passed A.A. Test of the USA, the first time for a Korean company.
Aug. 1992 Ranked among the top 10 in the world tire market.
Jan. 1993 Participated in Paris to Dakar Rally.
Mar. 1993 Korea's first ZR-grade tire, 35 series, developed.
Oct. 1993 High-end tire Xelex put on the market, Free Exchange System started in Korea for the first time.
Nov. 1993 Awarded $500 Million Export Trophy, total output exceeded 20 million tires.
Feb. 1994 Kwangju and Koksung Plants acquired the ISO 9001, the first in the Korean tire sector.
Mar. 1994 Auto Power put on the market.
Mar. 1995 Power Racer-II put on the market, ground broken for Employee's Apartment of Koksung Plant.
Apr. 1995 Ground broken for Nanjing Kumho Tire Co., Ltd., China.
Aug. 1995 Koksung Plant acquired BS7750 Certification.
Oct. 1995 Izen-II upgraded snow tire put on the market.
Mar. 1996 Company name changed to Kumho Tire Co., Ltd.
Jul. 1996 Employee's Apartment of Koksung Plant completed.
Sep. 1996 Koksung Plant acquired ISO 14001, the first in the Korean tire sector.
Nov. 1996 Construction of Nanjing Kumho Tire Co., Ltd., China, completed.
Dec. 1996 Kwangju Plant acquired ISO 14001, the first in the Korean tire sector.
Mar. 1997 New Xelex put on the market.
Apr. 1997 Construction of Tientsin Kumho Co., Ltd., China, completed.
Jun. 1997 Boeing D1-9000 BQS certification acquired.
Sep. 1997 Listed in '97 Superior Quality Competitive Company 100.
Oct. 1997 Certification acquired as Superior After Service Company, the first in Korea.
Apr. 1998 New brand Solus put on the market Jun. 1998 Kumho European Technical Center (KETC) established.
Jul. 1998 QS 9000 certification acquired
Feb. 1999 Kumho Construction Co., Ltd., and Kumho Tire Co., Ltd., merged into Kumho Industrial Co., Ltd., Tire Business Unit.
1999 Developed Run flat tire developed, 4th in the world tire industry - Developed Automated Production Unit (APU).
2000 Developed building machine for Ultra High Performance (UHP) tires. Became official supplier of the International Formula 3 Korea Super Prix.
2001 Acquired VDA (Verband der Automobilindustrie e.V) Certification.
2002 Ranked the 2nd in the Customer Satisfaction Survey by J.D. Power and Associates - Became official supplier of the Marlboro Masters Formula 3. Developed world's first UHP 26 inch tire.
2003 Ranked the 9th in the world tire industry. Established an Automated Production Unit(APU) plant in Pyungtak.
2005 Kumho Tire USA moves headquarters to larger location in Rancho Cucamonga, California.
2008 Breaks ground to build a $225 million tire manufacturing facility on a 127-acre site in Sofkee Industrial Park in Macon, Georgia.
2008 Appoints J.B. Kim to the position of President Kumho Tire U.S.A. based in Rancho Cucamonga, CA.