June 02, 2020

Hankook Tire, affiliates change company names

PUBLISHED : May 08, 2019 - 10:21

UPDATED : May 08, 2019 - 10:21

  • 본문폰트 작게
  • 본문폰트 크게
  • 페이스북
  • 트위터
  • sms

Hankook Tire Group, South Korea’s biggest tire manufacturer by sales, said on May 8 it has changed the names of its affiliates to better reflect its efforts to transform itself into a technology-focused company.

Hankook Tire WorldWide, the holding company of the world’s seventh-biggest tire maker, has changed its name to Hankook Technology Group. Flagship affiliate Hankook Tire has changed its name into Hankook Tire & Technology, the company said in a statement.

Hankook Tire & Technology plans to focus on securing next-generation technologies and transform its plants into “smart factories” by establishing an automated production scheduling and logistics system and using big data and artificial intelligence, it said.

Hankook has two plants in Korea, one plant in Hungary, one in the United States, three in China and one in Indonesia.

Hankook Tire earns 85 percent of its overall sales from abroad. It sold 102 million tires in global markets last year and targets sales of the same number of tires this year.

It posted a net profit of 108 billion won ($92 million), down 30 percent from 154 billion won a year earlier, due to weak demand in China and Europe.

By Ram Garikipati and newswires (

  • 페이스북
  • 트위터
  • sms
Herald Corporation|CEO : Kwon Chung Won
Publisher. Editor : Kwon Chung Won
Chief Privacy Officer & Juvenile Protection Manager : Yang Sung-jin
Title : The Investor|Date of registration : 2015.04.28
Company Registration No. 104-81-06004
Mail-Order Business Registration 2016 - Seoul Yongsan - 00590
Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea
T : +82-2-727-0114|Business info
Gov’t registration No. Seoul 아04099