After China’s special case for tires sold to the United States, South Korea’s large-scale tire company Hantai has taken countermeasures to switch its production in China to the United States and sell it to South Korean factories, or to Europe and other places. The reporter learned that due to the relatively small production volume, the impact of this special safeguard case is not significant. Hankook Tire Co., Ltd. issued a statement to this reporter on Tuesday, saying that “In response to changes in the US automotive market and today’s tire special protection, Hankook Tire will timely adjust its layout, and we will rely on global production networks to sell Hankook Tire China. Products exported to the United States will be produced and exported from factories in other regions." A high-level employee of Hankook Tire said in a telephone interview with reporters that Hankook Tire has proposed to the China Rubber Industry Association to increase export tax rebates. In addition, positive measures are taken to counter the development of the situation and efforts are made to minimize the adverse impact of this incident. Some of the products originally sold in the United States will be transferred to South Korean factories, and the other part will be sold to other parts of the United States. The reporter learned that the number of Hankook Tire's tires produced in China and sold to the United States is about 3 million sets per year, which only accounts for about 10% of the company's overall output, and the impact is not significant. At present, the production of Hankook Tire's China factory is stable. Hankook said that it will continue to focus on the promotion of sales in the Chinese market and the expansion of overseas markets.
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