Kumho Asiana Group

Kumho Asiana Group is a large South Korean Chaebol (conglomerate), with subsidiaries in the construction, electronics, IT, leisure, logistics, manufacturing, tourism and transportation sectors.

After World War II, Park In-chon began a taxi service, based out of Geumnamno in Seo-gu, Gwangju.

The group expanded considerably as the Korean economy boomed, adding subsidiary companies in aviation, construction, culture, logistics, information technology, and tourism business sectors.

Surviving the 1997 Asian financial crisis in a position of strength, it acquired several companies from cash-strapped competitors in the 2000s, including Daewoo Engineering & Construction and Korea Express.

[3] These acquisitions were heavily leveraged, leading to cash flow issues as the financial crisis of 2007–08 began to impact the economy.