- CEO
- Kim E-bae
- Full Time Employees
- 6,493
- Sector
- Consumer durables
- Industry
- Automotive aftermarket
- Address
- 286, Pangyo-ro Seongnam-si GY South Korea 13494
- IPO Date
- Oct 4, 2012
- Business
- Hankook Tire & Technology Co., Ltd. manufactures and distributes automotive tires for passenger cars, electric vehicles, sport utility vehicles, light trucks, vans, trucks, buses and racing applications worldwide. The company offers premium tires under the Hankook brand with sub-brands including iON for dedicated EV tires, Ventus for ultra-high-performance and premium tires, Dynapro for SUV tires, Kinergy for comfort tires, Vantra for van tires, Winter i*cept for winter tires and Smart for truck and bus tires; value-oriented tires under the Laufenn brand encompassing Z Fit and S Fit for high-performance and sport, G Fit for general passengers, X Fit for light truck and SUV and I Fit for winter; reliable tires under the Optimo brand covering All Weather and All Weather SUV for all-weather, GT and Touring for summer, Winter GT and Winter Touring for winter, GT AS and Touring AS for all-season and SUV for on-road SUVs; and budget tires under the Kingstar brand with Road Fit products. Hankook Tire & Technology produces approximately 100 million tires annually at eight global production bases in South Korea, China, Hungary, Indonesia and the United States, supported by five technical centers and a network of 39 branches and subsidiaries across 160 countries, serving original equipment manufacturers such as Audi, BMW, Mercedes-Benz, Porsche, BYD, Tesla and Volkswagen as well as replacement market customers. Founded in 1941 as Chosun Tire Company and headquartered in Seongnam-si, South Korea, the company changed its name to Hankook Tire & Technology in 2019 and operates as part of Hankook & Company group. Recent developments include securing exclusive original equipment fitments for the BMW M5 and Mercedes-AMG GT Coupé with Ventus S1 evo Z tires in 2024, commencing a three-year exclusive supply agreement as tire supplier for the FIA World Rally Championship starting in 2025, expanding partnerships in ABB FIA Formula E and Lamborghini Super Trofeo, launching the European sub-brand Optimo in January 2025, supplying iON evo SUV tires for the CUPRA Tavascan and Ventus evo SUV for the third-generation Volkswagen Tiguan, achieving first ISCC PLUS certification for an EV tire on the Porsche Taycan, opening a new UK headquarters in 2025 and reporting consolidated sales of KRW 9.4119 trillion for 2024 with targets for sales growth and expanded high-value-added products including larger 18-inch-plus passenger car tires in 2025.