Tiremakers offset US tariff through European sales

The Korea Times - Feb 5, 2026

Korea’s major tiremakers are on course to overcome tariff challenges from the United States by expanding sales of value-added tires in Europe. The three major tire manufacturers here — Hankook, Nexen and Kumho — were exposed to the prolonged 25 percent U.S. tariff shock for almost half a year beginning in April last year. The tire firms, however, showed resilience in their 2025 earnings on their expanded sales in Europe. They succeeded in navigating the tariff headwind by widening sales for high-inch and electric vehicle (EV) tires, particularly for European clients, according to their earnings data. Hankook Tire surprised the market by chalking up record annual sales of 21.2 trillion won ($14.6 billion) in 2025, up 125.3 percent from the previous year. Its operating profit also increased 4.6 percent to 1.84 trillion won during the same period. The largest tire firm in Korea offset the U.S. tariff shock by increasing sales of tires larger than 18 inches and high-margin tires for EVs, the company said. By market, Europe’s strategic importance is gradually increasing for Hankook. Th

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Bulacan Gov. Fernando vows to fulfill Gat Blas Ople’s dream

Feb 5, 2026

Bulacan Gov. Fernando vows to fulfill Gat Blas Ople’s dream

CITY OF MALOLOS, Bulacan — Bulacan marked the 99th birth anniversary of Gat Blas F. Ople on Tuesday, Feb. 3, with Governor Daniel R. Fernando vowing to pursue the late statesman’s vision of a coastal road‑dike linking Bataan and Cavite to protect flood‑prone communities. Fernando recalled that Ople, known as the “Father of Overseas Filipino Workers (OFWs)” and author of the Philippine Labor Code, was among the first to recognize the dangers of high tide in Hagonoy. "Isine-celebrate [natin] itong taong ito, dahil [siya] ay isa sa mga nagsumikap na magkaroon ng flood control. Noon pa lang nakita na ng taong ito, nakita niya na lahat kung ano ang mangyayari. Nakita ni Ka Blas, na nagha-high tide sa Hagonoy. Kaya inilaban ni Ka Blas ang coastal [road-dike] na ilalatag sa kahabaan ng coastal ng Bataan hanggang Cavite (We celebrate this person because he was one of those who worked hard to establish flood control. Even back then, this person already foresaw everything that was going to happen. Ka Blas saw that Hagonoy experienced high tides. That is why Ka Blas fought for the coastal road-dike to be laid out along the coastline from Bataan to Cavite)," he said The governor stressed that Ople’s foresight remains urgent today, as flooding continues to threaten Bulacan and neighboring provinces. He noted that the governors of Bataan, Pampanga, and Bulacan have agreed to pursue the Manila Bay Integrated Flood Control, Coastal Defense, and Expressway Project. Fernando, together with Pampanga Governor Dennis G. Pineda and Bataan Governor Jose Enrique S. Garcia III, recently appealed to the Office of the President to begin construction of the long‑delayed project. Originally proposed in the 1970s under President Ferdinand Marcos Sr., the plan was shelved amid political problems. This year’s commemoration carried the theme “Gat Blas F. Ople: Huwaran ng Pinanday na Isipan, Inspirasyon ng mga Kabataan.” Ople’s daughter, Atty. Dalisay Ople‑San Jose, and granddaughter, Estelle Ople Osorio, joined Fernando and Vice Governor Alexis C. Castro in a wreath laying at Ople’s monument. Osorio, president of the Blas F. Ople Policy Center and Training Institute, Inc., highlighted her grandfather’s enduring contributions, including the 13th month pay, constitutional provisions ensuring education receives the largest share of the national budget, and pioneering protections for OFWs that have since been adopted by other countries. “Our celebration of Ople Day is not just about remembering a name, but honoring a life full of lessons, sacrifices, and love for our country,” Osorio said.

Bulacan Gov. Fernando vows to fulfill Gat Blas Ople’s dream

Feb 5, 2026

Bulacan Gov. Fernando vows to fulfill Gat Blas Ople’s dream

CITY OF MALOLOS, Bulacan — Bulacan marked the 99th birth anniversary of Gat Blas F. Ople on Tuesday, Feb. 3, with Governor Daniel R. Fernando vowing to pursue the late statesman’s vision of a coastal road‑dike linking Bataan and Cavite to protect flood‑prone communities. Fernando recalled that Ople, known as the “Father of Overseas Filipino Workers (OFWs)” and author of the Philippine Labor Code, was among the first to recognize the dangers of high tide in Hagonoy. "Isine-celebrate [natin] itong taong ito, dahil [siya] ay isa sa mga nagsumikap na magkaroon ng flood control. Noon pa lang nakita na ng taong ito, nakita niya na lahat kung ano ang mangyayari. Nakita ni Ka Blas, na nagha-high tide sa Hagonoy. Kaya inilaban ni Ka Blas ang coastal [road-dike] na ilalatag sa kahabaan ng coastal ng Bataan hanggang Cavite (We celebrate this person because he was one of those who worked hard to establish flood control. Even back then, this person already foresaw everything that was going to happen. Ka Blas saw that Hagonoy experienced high tides. That is why Ka Blas fought for the coastal road-dike to be laid out along the coastline from Bataan to Cavite)," he said The governor stressed that Ople’s foresight remains urgent today, as flooding continues to threaten Bulacan and neighboring provinces. He noted that the governors of Bataan, Pampanga, and Bulacan have agreed to pursue the Manila Bay Integrated Flood Control, Coastal Defense, and Expressway Project. Fernando, together with Pampanga Governor Dennis G. Pineda and Bataan Governor Jose Enrique S. Garcia III, recently appealed to the Office of the President to begin construction of the long‑delayed project. Originally proposed in the 1970s under President Ferdinand Marcos Sr., the plan was shelved amid political problems. This year’s commemoration carried the theme “Gat Blas F. Ople: Huwaran ng Pinanday na Isipan, Inspirasyon ng mga Kabataan.” Ople’s daughter, Atty. Dalisay Ople‑San Jose, and granddaughter, Estelle Ople Osorio, joined Fernando and Vice Governor Alexis C. Castro in a wreath laying at Ople’s monument. Osorio, president of the Blas F. Ople Policy Center and Training Institute, Inc., highlighted her grandfather’s enduring contributions, including the 13th month pay, constitutional provisions ensuring education receives the largest share of the national budget, and pioneering protections for OFWs that have since been adopted by other countries. “Our celebration of Ople Day is not just about remembering a name, but honoring a life full of lessons, sacrifices, and love for our country,” Osorio said.

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