The Kumho Business Group was founded in 1946 by Mr. In-Chun Park as a small transportation company with two Ford Taxicabs as its only assets. Demand was high and the business grew rapidly, only to be devastated by the Korean War in 1950 to 1953. After the war Mr. Park started over and built what is today Korea's largest intercity bus transportation company, Kwang Ju Highway Lines, and its largest and finest tyre manufacturer, Kumho Tyres. Since the establishment of Kumho and Company Incorporated, in September 1960, Kumho has contributed greatly to the enhancement of the Korean and the world tyre industry. Kumho has succeeded in the development of superior tyres for all vehicles including high performance vehicles, passenger vehicles, sports utility vehicles, recreational vehicles, light trucks, heavy truck and buses, industrial vehicles, agricultural vehicles, mining vehicles, Construction vehicles and aircrafts.In 1992, Kumho entered the ranks of the world's top ten tyre manufacturers.

Kumho Industrial Company Limited produces over 36,000,000 tyres annually in two manufacturing factories, the Kwang Ju factory (built 1974) and the Koksung factory (built 1989). With both factories certified for the production of airline tyres they ensure and guarantee a high level of quality control. Kumho invests heavily in research and development programmes with 600 staff employed in that division. Over 300 testing machines exist at proving grounds in South Korea, Japan, Europe and South America. Kumho can provide and lead the world with the latest in tyre technology, safety and performance.