Korean
Korean may refer to:
People and culture
* Koreans, ethnic group originating in the Korean Peninsula
* Korean cuisine
* Korean culture
* Korean language
**Korean alphabet, known as Hangul or Chosŏn'gŭl
**Korean dialects and the Jeju language
** ...
: ) is a
tire
A tire (American English) or tyre (British English) is a ring-shaped component that surrounds a Rim (wheel), wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide Traction (engineering), t ...
manufacturer headquartered in
Yangsan
Yangsan () is a city in Gyeongsangnam-do Province, South Korea.
It borders Ulsan to the northeast, Gijang-gun and Geumjeong-gu in Busan to the southeast, Gimhae to the southwest, and Miryang to the northwest. City Hall is located in Nambu-dong, ...
,
South Gyeongsang Province
South Gyeongsang Province ( ko, 경상남도, translit=Gyeongsangnam-do, ) is a province in the southeast of South Korea. The provincial capital is at Changwon. It is adjacent to the major metropolitan center and port of Busan. The UNESCO World ...
and
Seoul
Seoul (; ; ), officially known as the Seoul Special City, is the capital and largest metropolis of South Korea.Before 1972, Seoul was the ''de jure'' capital of the Democratic People's Republic of Korea (North Korea) as stated iArticle 103 ...
in
South Korea
South Korea, officially the Republic of Korea (ROK), is a country in East Asia, constituting the southern part of the Korea, Korean Peninsula and sharing a Korean Demilitarized Zone, land border with North Korea. Its western border is formed ...
. Established in 1942 under the name, Heung-A Tire Company, Nexen Tire Co. has served the industry for the past 71 years.
In 1985, Nexen dedicated a facility in Yangsan, Korea, to the production of radial tires.
The company changed their name in 2000 from Woosung Tire to Nexen Tire Corporation. That same year also saw Nexen Tire listed on the KOSPI 200 Index future market.
In 2005, Nexen Tire was awarded a patent for the technology to manufacture rubber/stratified silicate nano-composite tires. By 2006, they had completed development on the new UHP and Winter LTR/SUV pattern. To accommodate increased demand, the company opened a manufacturing plant in Qingdao, China in 2007. Nexen's domestic market share increased from 8% to 20%, with annual sales exceeding $600 million. The company employs over 2,000 and currently exports to 120 countries. Its major Korean competitors are
Hankook
Hankook Tire & Technology (; , also known simply as Hankook and stylised ), is a South Korean tire company. Based in Seoul, Hankook is the seventh largest tire company in the world.
History
Hankook Tire was established by Jae Hun Chung's grandf ...
portmanteau
A portmanteau word, or portmanteau (, ) is a blend of wordsmarketing tagline, "Next Century Tire."
Products
N2000, N3000, N5000, N6000, N7000, and N8000, N9000, NFERA SU1, NFERA SU4, NFERA SUR4 NFERA RU5, NBLUE HD, NBLUE HD Plus, NBLUE Eco, CP661, Capitolhttps://capitol-tires.com/ Capitol Tires Web site and more than 30 other passenger car and light truck tires.
See also
*
Economy of South Korea
The economy of South Korea is a highly developed mixed economy. By nominal GDP, it has the 5th largest economy in Asia and the 13th largest in the world. South Korea is notable for its rapid economic development from an underdeveloped nati ...
*
Korea New Network
Korea New Network (KNN) () is the biggest regional free-to-air commercial broadcasting station based in Centum City, a high-tech media development complex within Haeundae in Busan, South Korea. KNN is affiliated with SBS. It was originally fou ...
- Nexen Tire is the biggest shareholder of this channel.
*
Nexen Heroes
The Kiwoom Heroes () are a South Korean professional baseball team based in Seoul. They are a member of the KBO League. The Heroes play their home games at Gocheok Sky Dome in Gocheok-dong, a neighborhood located in the southwestern part of Se ...
- Nexen Tire, the biggest sponsor, has naming rights of the first string of the Heroes Baseball Club.