Cooper-Standard Automotive controls Jin Young Standard

Cooper Tire & Rubber Company’s Cooper-Standard Automotive has increased its ownership position in Jin Young Standard of South Korea from 49 to 90 percent and has changed the name of the company to Cooper-Standard Automotive Korea, Inc.This transaction will give Cooper-Standard Automotive a significant presence in Korea through a well-established company, and will facilitate the expansion of its automotive sealing operations in the growing Asian automotive market. Dug Soo Kim, president of Jin Young Standard prior to this transaction, will continue to head the company’s operations.