On July 18, chairman of Kumho Asiana Group met with Kumho Industrial company to discuss the use of "Kumho" trademark. It is reported that they gave a final offer.
　　Kumho Industrial requires that Qingdao Double Star Group must pay the trademark royalty fee, which is calculated at 0.5% of the annual sales of Kumho Tire and must pay for 12.5 years.
　　At the same time, Qingdao Double Star must guarantee the continuous use of "Kumho" trademark during the 12.5 years. This is very similar to the conditions put forward by Kumho Industries to South Korea Industrial Bank. The results of the negotiations are unclear.
　　If Qingdao Double Star can not successfully acquire Kumho tires before September 30, the company's previous terms signed with South Korea Industrial Bank will all be scrapped, the bidding process for Kumho Tire will be started again.