|Jan 19, 2018|
|Jan 19, 2018|
Currency in KRW
|Full time employees:||--|
HANKOOK TIRE Co., Ltd. engages in the manufacture and sale of tires. Its operates through Automotive Parts and Others Business divisions. The Automotive Parts division provides tires and battery tubes for automobiles. The Others division offers rentals, research and development, services, and others. The company was founded on September 3, 2012 and is headquartered in Seoul, South Korea.
Hankook Tire is the largest tire manufacturer in South Korea. By sales, it is the sixth-biggest player in the global market.
The company was established in 1941. Its name is a romanized spelling of a Korean-language word for Korea.
In 2012, the business was split into Hankook Tire Worldwide, which is a holding company, and Hankook Tire, the operating entity. Cho Yang-rai, the holding company's chairman, hails from the founding family.
As of the end of 2014, Cho owned 23.59% of the holding company and 10.5% of the operating business. Cho Hyun-sik, the holding company's CEO, is the chairman's eldest son.
Cho Yang-rai's second son, Cho Hyun-bum, is president and chief marketing officer at Hankook Tire. His wife is the third daughter of Lee Myung-bak, former president of South Korea.
In addition to its domestic plants, Hankook Tire runs factories in China, Hungary and Indonesia. A new facility in the U.S. is to come onstream in 2016.
The company has expanded its sales by undercutting major Japanese, U.S. and European rivals on price. In recent years, Hankook has improved its technology and polished its brand by sponsoring auto races. The company also supplies tires to luxury marques including Mercedes-Benz.
In the news
Tokyo Motor Show displays shape-shifting and light-reflecting treads
November 3, 2017 10:11 pm JST
Geopolitical risks for companies intensifying, warns central bank chief
August 31, 2017 7:33 pm JST
June 15, 2017 10:00 am JST
First, though, the South Korean producer needs more employees
April 5, 2017 5:00 pm JST
Park Sam-koo wants to bid in a consortium but KDB stands in the way
March 14, 2017 8:10 pm JST
Technology the key to staying ahead
March 1, 2017 10:50 am JST
- Local currency
- US Dollar
|Income before tax||1,047.56B|
|Dividends per share||400|
|Operating cash flow||1,217.76B|
Currency in KRW
|Income before tax||902.92M|
|Dividends per share||0.34|
|Operating cash flow||1,049.62M|
Currency in USD
- President & Chief Executive Officer: Soo-Il Lee
- President, Director & Head-Operating Division: Hyun Bum Cho
- Vice President, Head-Research & Development: Hyoung-nam Kim
- Managing Director & Head-Manufacturing Technology: Gyeong-Gon Yu
- Senior MD & Head-Production Technology: Yong-Hee Kim
- Hankook Tire Worldwide Co., Ltd.(30%)
- National Pension Service of Korea(7.0%)
- CHO YANG-RAI(5.6%)
- CHO HEE-KYUNG(2.7%)
- CHO HYUN-BUM(2.0%)
- Harding Loevner LP(1.9%)
- The Vanguard Group, Inc.(1.4%)
- BlackRock Fund Advisors(1.3%)
- Norges Bank Investment Management(0.8%)
- Dimensional Fund Advisors LP(0.7%)
- Website: http://kr.hankooktire.com
- Address: Hankook Tire Building, 133 Teheran-ro, Seoul, 06133, South Korea
- Phone: +82.2.2222.1000
Copyright © 2018 FactSet Research Systems Inc. All rights reserved.