South Korean tire exports to North America decrease

According to "Yonhap News Agency" on August 23, Sinochem News reported that although South Korea’s Hankook, Kumho, Nexans and other three tire companies achieved good performance in the first half of the year, according to the Korean Tire Industry Association, The impact of anti-dumping duties on Korean tires in June last year.
In the first half of the year, Korean tire companies exported US$498 million in tires and inner tubes to North America, a year-on-year decrease of 9.
8%; exports of new car tires to North America were US$478 million, a year-on-year decrease of 10.
2%.
Replacement tires It was USD 4.
735 million, a decrease of 20.
8% year-on-year
.

Except for North America, exports in other regions have increased or maintained last year's level
.

According to the analysis of a researcher at Samsung Securities, the impact of anti-dumping tariffs imposed by the United States on the tire industry in the second half of the year will be reduced, and it is expected that freight rates will continue to rise in the second half of the year
.