Nexen Tire Corp. has invested more than $171 million (200 billion KRW) and opened a 10-story building in Seoul to serve as its global hub for research and development.
The N'Fera RU1 tire has earned Nexen Tire Corp. another Porsche original equipment fitment.
Nexen Tire Corp. has signed a memorandum of understanding "to explore strategic partnership opportunities" with Mubadala Investment Co. The strategic investment fund has made a direct investment in the tire maker as part of the agreement.
Nexen Tire Co. Ltd. has created a first-of-its-kind partnership with an English Premier League club. The tire company will be the Official Sleeve Partner of the Manchester City Club, and the Nexen logo will appear on the club's uniform sleeve for all league games in the 2017-2018 season.
The Nexen N'Fera RU1 will be original equipment on the 2017 Porsche Cayenne, the first Porsche fitment for Nexen Tire Co.
Nexen Tire Corp. has a new chief executive officer. Travis Kang, who is company president, was appointed CEO at the company’s general shareholders’ meeting on Feb. 17, 2016.
Travis Kang, president and COO of Nexen Tire Corp., says the company will rebound in 2015 following a disappointing 2014. "Compared to 2013, 2014 sales dropped a little bit; now we can recover in this year."