US Tariffs Cost Korean Tyre Makers ₩115 Billion in Q3 Losses
South Korea’s top tyre manufacturers — Hankook Tire & Technology, Kumho Tire, and Nexen Tire — have collectively suffered an estimated ₩115 billion (US$83 million) in losses during the third quarter of 2025 due to 25% U.S. import tariffs. The figure amounts to nearly 21% of their combined operating profit forecast of ₩541.5 billion, marking…
