Nexen Tire Appoints President Travis Kang as New CEO

          Caption: Nexen Tire Appoints President Travis Kang as New CEO

          - President Kang to assume the role of Nexen Tire's new Chief Executive Officer
          - Raising expectations for a fast and dramatic approach to investment through new leadership
          Nexen Tire, a leading global tire manufacturer, announced that President Travis Kang, son of Nexen Tire Chairman Byung-Joong Kang, has been appointed CEO of the company at the general shareholders' meeting held on February 17.
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          The company's decision to bring new leadership is raising expectations for the company. "We expect that President Kang's strong leadership will help us take a fast and dramatic approach in business policies based on long-term plans in order to make quick and bold investment for the company," said Nexen Tire.
          After graduating with a degree in Business Administration from Yonsei University and receiving a master's degree from the Business School of Seoul National University, President Kang joined Nexen Tire in March 2001. Since then, he held various positions including Managing Director of the Business Planning Office, President of the Sales Division and President of Strategic Planning.
          Throughout 15 years of his career at Nexen Tire, he has been working closely with his employees to facilitate sales activities, especially in international and OE tire markets, contributing to the business expansion of Nexen Tire. He also has been leading the company's various sports marketing activities such as Manchester City Football Club sponsorship in 2015 to strengthen Nexen Tire's brand power in the globe.
          Meanwhile, Nexen Tire has been strengthening its global presence with a focus on the European market. In October 2015, the company started the construction of a new tire manufacturing plant in the Czech Republic, which will feature the most advanced automation systems along with environmentally friendly technologies. Commercial operation is planned to commence in 2018.
          About Nexen Tire
          Nexen Tire, established in 1942, is a global tire manufacturer headquartered in Yangsan, South Gyeongsang Province, and in Seoul, South Korea. Nexen Tire, one of the world's fastest growing tire manufacturers, works with 491 dealers based in 141 countries around the world (as of July 2015) and owns three manufacturing plants -- two in Korea (Yangsan and Changnyeong) and one in Qingdao, China. Another plant in Zatec, Czech Republic will be operational by 2018. Nexen Tire produces tires for passenger cars, SUVs, and light trucks with advanced technology and excellence in design. The company also focuses on producing UHP tires, which are based on advanced technologies. Nexen Tire supplies OE tires to global car makers in various countries around the world. In 2014, the company achieved a grand slam of the world's top 4 design awards for the first time amongst the various tire makers in the world. For more information, please visit http://www.nexentire.com .
          Photo - http://photos.prnasia.com/prnh/20160218/8521601017
          Caption: Nexen Tire Appoints President Travis Kang as New CEO