Quick Takeaways
- Kumho Tire has formalized a major KRW 660.9 billion investment to build a next-generation tire plant in South Korea, significantly expanding domestic production capacity.
- The new facility is aimed at boosting manufacturing efficiency, quality consistency, and long-term global competitiveness across passenger and commercial vehicle segments.
On October 30, Kumho Tire new tire plant South Korea development marked a significant milestone as the company formalized an investment agreement with the Jeollanam-do provincial government and Hampyeong-gun authorities. The move reflects Kumho Tire’s strategic focus on reinforcing its manufacturing base while responding to evolving global demand and competitive pressures.
Kumho Tire New Tire Plant South Korea: Investment Scope
The agreement outlines a total investment of KRW 660.9 billion, aimed at constructing a next-generation tire manufacturing facility in Hampyeong-gun, Jeollanam-do. Once operational, the plant will deliver an annual production capacity of approximately 5.3 million tires, strengthening Kumho Tire’s domestic production footprint.
Kumho Tire New Tire Plant South Korea: Investment Scope
The agreement outlines a total investment of KRW 660.9 billion, aimed at constructing a next-generation tire manufacturing facility in Hampyeong-gun, Jeollanam-do. Once operational, the plant will deliver an annual production capacity of approximately 5.3 million tires, strengthening Kumho Tire’s domestic production footprint.
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