Hankook Tire was established by Jae Hun Chung's grandfather in 1941 as the Chosun Tire Company and was renamed to Hankook Tire Manufacturing in 1968. The word "Hankook" literally means Korea, thus Korea Tire Company.
The company now supplies tires as original equipment to various automakers. In addition to producing about 102 million tires annually, the company also sells batteries, alloy wheels, and brake pads.
Hankook Tire Co. has announced that the company will invest $1.1 billion to build a factory in West Java, Indonesia as part of a plan to become the 5th largest tire manufacturer in the world. On June 9, 2011 a ground breaking ceremony was held at a 60-hectare area as a regional hub production for export to Asian, North America and Middle East countries.In October 2013, the company announced plans to open a new factory in Clarksville, Tennessee which was later opened in October 2017.
https://en.wikipedia.org/wiki/Hankook_Tire
https://in.investing.com/equities/hankook-tire
https://finance.yahoo.com/quote/161390.KS/profile?p=161390.KS
https://www.comparably.com/companies/hankook-tire/mission
https://www.crunchbase.com/organization/hankook-tire-america-corp
