Kumho Asiana affiliates to be merged as new firm

[THE INVESTOR] Two affiliates of Kumho Asiana Group -- Kumho Corp. and Kumho Terminal -- will be merged and relaunched as a single company named Kumho & Co. from Aug. 12.

The group announce on Aug. 11 that the merger of Kumho Terminal with its holding company Kumho Corp. has been completed and will be officially launched.

The company will be headed by Kumho Asiana Group Chairman Park Sam-koo, and Kumho Terminal chief Kim Hyeon-cheol.

“Kumho & Co. will have its own business of operating (bus) terminals, and act as a stable holding company with Kumho Corp. and Kumho Buslines as subsidiaries,” Kumho Asiana Group said.

By Choi He-suk (cheesuk@heraldcorp.com)