World Library  
Flag as Inappropriate
Email this Article

Hankook Tire

Hankook Tire
Traded as KRX: 000240
Industry Auto and Truck parts
Founded 1941 (1941)
Headquarters 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 .com.hankooktirewww
Hankook Tire
Hangul 한국타이어
Revised Romanization Hanguk Taieo
McCune–Reischauer Han'guk T'aiŏ

The Hankook Tire group (; 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.[1]


  • History 1
  • Facts and figures 2
  • Global offices 3
  • Motorsports involvement 4
  • Sponsorships 5
  • See also 6
  • References 7
  • External links 8


Hankook Tire was established in 1941 as the Chosun Tire Company and was renamed to Hankook Tire Manufacturing in 1968. Both words Choson and Hankook (Hanguk) refer to the names of the ancient and historic kingdoms of Korea.

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 per annum, 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.[2] 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.[3]

In October 2013, the company announced plans to open a new factory in Tennessee.[4]

Facts and figures

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.

Global offices

The company has its headquarters in South Korea, and has manufacturing facilities in South Korea, the People's Republic of China, and Hungary. Manufacturing facilities in Indonesia and the United States are under construction. It has technical centers in Daejon, Korea; Akron, Ohio, USA; Langenhagen, Germany; Osaka, Japan; and China.

Motorsports involvement

Hankook entered motorsports in Europe, North America, and in Asia. They signed with FBR (Farnbarcher Racing) to race a Ferrari F430 GT with Hankook Tires in the 2009 Le Mans Series season. They supplied tires for the Primetime Race Group that raced in the GT2 class of the American Le Mans Series in 2008. They supplied tires from 2007–2009 for IMSA Prototype Lites, a support series for the American Le Mans Series. Since 2009, the Hankook Team Farnbacher has competed in the GT class of the Le Mans Series. They also supply tires for the Hankook KTR team that races in the Super GT and the Asian Le Mans Series. They supplied tires for the Formula 3 Euroseries.

In rallying, Hankook are the series sponsors of the Scottish Rally Championship.[8] Their tires have been used at the European-based Intercontinental Rally Challenge as well.

Since 2011, Hankook is the official tire supplier for the Deutsche Tourenwagen Masters, one of the world’s most popular touring car series.


Hankook sponsors Bundesliga club Borussia Dortmund

Hankook sponsors Bundesliga club Borussia Dortmund.

Hankook was once the major sponsor of the Melbourne Football Club in the Australian Football League.

Hankook sponsors the English rugby union team Northampton Saints.

Hankook sponsors the New Zealand Super Rugby team the Crusaders

Hankook is one of the sponsors of the UEFA Europa League.

Hankook is also involved in drifting sponsorship in a number of countries, most notably in North America in the Formula D championship and in Ireland in the Prodrift championship.

Hankook is the official tire supplier of the reality TV series Car Warriors.

See also


  1. ^ statistica. world's largest tire producers in FY 2014, based on tire-related sales (in billion U.S. dollars) world's largest tire producers in FY 2014, based on tire-related sales (in billion U.S. dollars) . 
  2. ^ Rangga D Fadillah. "Hankook announces US$353 million investment for phase 1". The Jakarta Post. 
  3. ^ [2]
  4. ^ Hankook Tire to invest $800 million to build first U.S. plant, Automotive News, 14 October 2013
  5. ^ Rangga D Fadillah. "Hankook announces US$353 million investment". The Jakarta Post. 
  6. ^ Rangga D Fadillah. "Hankook announces US$353 million investment". The Jakarta Post. 
  7. ^ "Hankook Tire Selects The State Of Tennessee For Its First U.S. Plant". 
  8. ^ "SRC homepage".  

External links

  • Hankook Tire global website
  • Hankook Tire Germany website
  • Hankook Tire USA website
  • Hankook Tire Japan website
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.