(Seoul=NSP News Agency) dILFUZA Sultanova Journalist = On 1 February, Korean tires have acquired a 100% stake of ‘JAX TYRES’ in the largest retail market in Australia.
The stake of chairman JAX TYRES Fred Hurrell was purchased by the Korean Tires Group, and the company was transformed into a subsidiary.

Through this acquisition, Korean Tire Group intends to strengthen its competitiveness in B2C distribution, a new axis of its business.

In particular, Korean Tires Group will expand contact points with customers by strengthening distribution competitiveness across Asia and globally by applying an innovative franchise system to distribution networks.

JAX TYRES have launched its first store in 1949 in Sydney, Australia, franchised stores to retail the tires with competitive price and best customer service. Currently, it has 83 franchise stores.