- Business
- Hankook & Company Co., Ltd. (000240.KS) serves as the holding company for the Hankook & Company Group, overseeing investments and operations in automotive components, energy solutions, and advanced manufacturing; it leads strategic initiatives through affiliates including Hankook Tire & Technology, which manufactures premium tires for passenger cars, SUVs, light trucks, trucks, buses, and motorsports; Hankook AtlasBX, which produces high-performance storage batteries for automotive, marine, and industrial applications; Hanon Systems, which supplies thermal management solutions encompassing heating, ventilation, air conditioning, powertrain cooling, compressors, fluid transport, and electronics for electrified and conventional vehicles; Hankook Precision Works, specializing in tire molds, vulcanizer containers, and precision parts; Hankook Engineering Works, providing tire production machinery and facility localization; Hankook Networks, delivering IT services and logistics engineering; Model Solution, offering advanced design, precision CNC, rapid tooling, and contract manufacturing for consumer electronics, medical devices, robotics, and automotive sectors; and Preciseley Microtechnology Corporation, developing optical MEMS for communications, automotive LiDAR, and sensing applications.
The company operates globally with manufacturing and resources across South Korea, China, Hungary, Indonesia, the United States, and 21 countries via affiliates, targeting premium automakers, commercial fleets, and high-tech industries; its Energy Solution division focuses on eco-friendly batteries and next-generation energy opportunities, while S.T.R.E.A.M. initiatives drive cross-business synergies in emerging technologies.
Founded in 1941 and headquartered in Seoul, South Korea, Hankook & Company transformed into an operating holding company in 2021 via merger with Hankook AtlasBX, having changed its name from Hankook Technology Group Co., Ltd. in December 2020.
In recent developments, the company completed the acquisition of Hanon Systems in 2024 from Hahn & Company, integrating thermal management capabilities to complete its mobility portfolio of tires, batteries, and energy solutions and maximize synergies in supply chains, sales networks, and EV technologies.
Additionally, Hankook Tire & Technology, a key affiliate, commenced a €540 million expansion of its European plant in Rácalmás, Hungary, in early 2025, adding a truck and bus tire production line with 800,000 units annual capacity for premium products like SmartLine, SmartFlex, and e-Smart series, creating 450 jobs and targeting growth in EV commercial vehicles.