Hankook Tire

#3396

Rank

$3.79B

Marketcap

South Korea

Country

Leadership team

Mr. Hyun-Bum Cho (Chairman)

Mr. Sooil Lee (Pres, CEO, Head of Korea Bus. Headquarters & Director)

Mr. Jongho Park (Pres, Chief Admin. Officer & Director)

Products/ Services

Automotive, Manufacturing

Number of Employees

1,000 - 20,000

Headquarters

Seoul, Seoul-t'ukpyolsi, South Korea

Established

1941

Net Income

500M - 1B

Revenue

Above - 1B

Traded as

161390.KS

Social Media

URL

https://www.hankooktire.com

Overview

Location

Recognition and Award

References

Summary

Hankook Tire & Technology Co., Ltd. manufactures, distributes, and sells tires worldwide. The company provides tires for electric vehicles, passenger cars, SUVs, light trucks, buses, and trucks. It provides its products under the Hankook, Laufenn, and Kingstar brands. The company was formerly known as Hankook Tire Co., Ltd. and changed its name to Hankook Tire & Technology Co., Ltd. in May 2019. Hankook Tire Co., Ltd. was founded in 1941 and is headquartered in Seoul, South Korea.

History

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.

Mission

Contribute to advancement in driving.

Vision

Leading Global Tire Company that Provides Customers with Value and Pleasure

Key Team

Mr. Bonhee Ku (Exec. VP & CTO)

Hyuk Jin Kwon (VP of Communications Department)

Mr. Jong Yune Kim (VP & Head of HR Division, CAO)

Mr. Jeong Ho Park (Exec. VP, Head of G.OE Innovation Headquarters & Chief Marketing Officer)

Mr. Dong Hoan Moon (Exec. VP and CEO of Hankook Precision Works & Hankook Engineering Works)

Mr. Byungil Woo (Exec. VP & CEO of Model Solution)

Mr. Sunjung Kim (VP & Head of SCM Division)

Recognition and Awards

Hankook Tire has received numerous international awards in recent years, from the 2019 German Design Award to the Consumer Product of the Year award from CPRJ magazine in Japan and the German Red Dot Design Award. It is also a triple A-rated supplier of tires by Michelin, Continental, Pirelli and Goodyear.