Who Owns Nexen Tires?

Nexen Tire is one of South Korea's largest tire manufacturers and a significant player in the global tire industry. The company specializes in producing high-quality tires for various vehicle types and driving conditions, serving both original equipment manufacturers and replacement tire markets.

In 2025, Nexen Tire achieved remarkable financial results with $2.1 billion in sales, reflecting ongoing top-line growth despite an uncertain market environment. The company also generated $117 million in operating profit, demonstrating strong profitability and operational efficiency. Sales growth was mainly attributable to the second phase of the company's European plant expansion, reflecting Nexen's efforts to expand sales even with increasing business uncertainty due to factors such as the impact of U.S. tariffs.

In the original equipment segment, Nexen Tire maintained strong growth by supplying a diversified product lineup for both electric vehicles and internal combustion engine vehicles to more than 30 global automakers. In the replacement segment, the company achieved steady growth through region-specific product strategies. U.S. tariffs had a limited impact on profitability, as Nexen minimized their effects by diversifying distribution channels for each region and selling more large-inch tires to improve product mix. Efforts to improve cost efficiency, along with stabilization of raw material prices and ocean freight rates, also buoyed profitability.

For 2026, Nexen Tire plans to proactively respond to trade uncertainties while focusing on strengthening sales capabilities and achieving quality growth. The company will carry out sales-focused marketing activities to increase brand visibility and strengthen cooperation with customers, and will enhance replacement sales capabilities by building on the brand value of its premium OE products. Nexen will pursue quality growth by improving product and distribution mix, with efforts to drive product innovation through development that combines artificial intelligence and virtual technologies and to meet regional demand by supplying new products in a timely manner. The company will strengthen downstream distribution and develop strategic customer relationships in key markets to further enhance its sales foundation. CEO John Bosco (Hyeon Suk) Kim stated that despite growing uncertainty in the global trade environment, the company achieved a meaningful milestone and will continue to pursue both volume and quality growth by strengthening product and distribution competitiveness in global markets.