Established in 1942, Nexen Tyre Corporation has about 70 years of tradition as a leader in the tyre manufacturing industry. Originally founded as the Heung-A Tyre, Nexen was acknowledged as Korea's first tyre company which began its car tyre production in the year 1956. Later, the company furthered its technology through an alliance with a Japanese manufacturer named OHTSU Tyre & Rubber.
In 2000, the company changed its name from Woosung Tyre to Nexen Tyre Corporation, “Nexen” being a combination of the terms, “next” and “century”. In the same year, Nexen Tyre got listed on the KOPSI index future market for the first time ever. Then, the manufacturer explored the SUV market by introducing several high performance SUV tyres.
Nexen Tyre was awarded a patent for manufacturing rubber/stratified silicate nano-composite tyres in 2005 which boosted the manufacturer's market share and reputation. Over the years, Nexen Tyre Corporation's domestic market share has increased from 8% to 20%, thanks to its dedicated involvement in car tyres, exceptional customer service and quality products. See the full description of the Nexen N'Fera RU1