Hankook Tire
 |
|
| Public | |
| Traded as | KRX: |
| Industry | Auto and Truck parts |
| Founded | 1941 (as The Chosun Tire Company) |
| Headquarters | Gangnam-gu, Seoul, South Korea |
|
Key people
|
Seung Hwa Suh (CEO) |
| Revenue | KRW 7,069 billion (2013) |
| KRW 7,350 billion (2013) | |
|
Number of employees
|
21,000 Worldwide |
| Website | www |
| Hankook Tire | |
| Hangul | 한국타이어 |
|---|---|
| Revised Romanization | Hanguk Taieo |
| McCune–Reischauer | Han'guk T'aiŏ |
The Hankook Tire group (/ˈhæŋkʊk/; [haːnɡuk] 한국 "(South) Korea") is a South Korean tire company. Based in Seoul, South Korea, the Hankook Tire group is the 7th largest tire company in the world.
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" itself resembles Korea in Korean (literally meaning Korean tires).
Hankook Tire's worldwide reputation has largely grown due to its radial tire and bias-ply tire production. The company now supplies tires as original equipment to various automakers. In addition to producing about 92 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 Tennessee.
According to Modern Tire Dealer, Hankook's new tire sales for 2007 were $3.5 billion, a 20.7% year-over-year increase from 2006 ($2.9 billion)
These are quoted from Hankook Tire's global website.
Through sales in more than 180 countries around the world, Hankook Tire is ranked seventh in global sales revenue.
The company has more than 21,000 employees in four regional headquarters, more than 28 overseas subsidiaries and five research and development centers around the world, and makes 70 percent of its revenue through overseas markets.
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Wikipedia