Kumho Tire’s Growth Continues
In 2023, Kumho Tire achieved its best performance in the past decade, ensuring management stability. Despite facing crises, Kumho Tire has continuously focused on its core business and improving its structure, demonstrating double-digit growth for three consecutive years. This culminated in a sales revenue of KRW 4.0414 trillion, with a record-high operating profit of KRW 411 billion and an operating profit margin increase of 9.5% compared to the previous year. These achievements are attributed to the expanded sales of larger rim diameter tires (18 inches and above), the launch of competitive products, stable production and supply, timely investment in the Vietnam plant, etc. Kumho Tire considers last year’s achievements as the starting point of its growth trajectory and aims to set new records in 2024 by expanding its premium market share with the newly launched EV-specific tire, ‘EnnoV.’
