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Hankook Tire – Q1 2025 financial performance

At first glance, the Q1 2025 financial results for Hankook Tire & Technology suggest a whopping 133.6% YoY increase in sales, but this enviable result is easily explained. Consolidated results during this quarter include, for the first time, the performance of Hanon Systems, the automotive thermal energy management solutions firm that Hankook Tire acquired in January 2025. As a result, Hankook Tire’s first quarter financial results encompass both its tyre and thermal management business segments.

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Related news:

  1. Hankook Tire: Record sales in 2022
  2. Hankook Tire: 2023 “best ever” financial result
  3. Hankook Tire – operating profit up 109% in Q1 2024
  4. Hankook Tire reports strong Q2 2024 profit growth
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Hankook iON a Lucid Gravity OE tyre

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Hankook Tire & Technology has announced another original equipment supply deal, this time for the North American market. Lucid Motors will equip versions of its Lucid Gravity electric SUV sold within the region region with the Hankook iON evo AS SUV. Images accompanying Hankook’s announcement show the Gravity wearing the iON tyre in size 265/50 R20.

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Related news:

  1. Hankook tyres for Toyota Corolla
  2. North America, Middle East debut for Hankook Ventus evo
  3. Hankook debuts Formula E inspired iON tyre
  4. Hankook supplying UUHP tyres for Mercedes-AMG GT Coupé
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Hankook debuts Formula E inspired iON tyre

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Hankook Tire & Technology has developed a limited-edition iON tyre to promote its exclusive tyre supply to the ABB FIA Formula E World Championship. The Hankook iON evo Formula E Edition goes on sale in South Korea this month, with small-scale European distribution following in May.

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Related news:

  1. Hankook bringing iON range to EES South
  2. Hankook iON truck/bus range coming to Europe
  3. US launch for EV-focused Hankook iON
  4. North America, Middle East debut for Hankook Ventus evo
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Hankook showcasing range at Road Transport Expo 2025

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Hankook Tire & Technology will showcase its portfolio of Hankook and Laufenn commercial vehicle tyres at the Road Transport Expo trade show, which takes place at the NAEC Stoneleigh in Warwickshire between 24 and 26 June. The tyre maker will also highlight the new Laufenn365 digital platform.

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Related news:

  1. CV Show launch for Laufenn truck tyre range
  2. CV Show debut for latest Hankook SmartFlex tyres
  3. Hankook exhibiting at Road Transport Expo 2022
  4. Hankook sponsoring UK truck shows
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Hankook names Ahn & Lee Co-CEOs

A new era of leadership is taking shape at Hankook, the tyre maker tells us. This wind of change comes in the form of two new Co-CEOs, Jongseon Ahn and Sanghoon Lee. Hankook confirmed both in this role and appointed them Executive Directors following approvals given at its Annual General Meeting and Board of Directors meeting on 26 March.

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Related news:

  1. Hankook & Company appoints CDO
  2. Hankook Tire announces new Public Affairs, Marketing Communications roles
  3. Hankook supplying UUHP tyres for Mercedes-AMG GT Coupé
  4. New year, new chairman: Cho Hyun-bum takes the reins at Hankook & Company
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Hankook film captures WRC action

With a new brand film, Hankook Tire & Technology aims to capture the “thrilling action” of the 2025 FIA World Rally Championship (WRC). The exclusive WRC tyre supplier debuted the film Race Beyond Limits this morning on its official global website and social media channels, and it will also feature as a television advertisement.

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Related news:

  1. Hankook Tire unveils new Formula E campaign brand film
  2. Rallye Monte Carlo green flag marks start of Hankook WRC tyre supply
  3. WRC organiser, teams praise Hankook’s debut
  4. Hankook WRC tyre supplier from 2025
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Hankook Tire: 32.7% YoY rise in operating profit

Hankook Tire & Technology (Hankook) has announced its financial results for 2024, reporting global consolidated sales of KRW 9.4119 trillion (£5.1765 billion) and an operating profit of KRW 1.7622 trillion (£969.2 million). This represents a 5.3 per cent increase in sales and a 32.7 per cent rise in operating profit compared to the previous year.

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Related news:

  1. Hankook Tire: Record sales in 2022
  2. Hankook Tire boosts Q2 2023 revenue & operating profit
  3. Hankook Tire doubles operating profit, halves capex
  4. Hankook Tire – operating profit up 109% in Q1 2024
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Rallye Monte Carlo green flag marks start of Hankook WRC tyre supply

Today the rubber hits the road, and snow, for Hankook. More than a year after being named exclusive tyre supplier to the FIA World Rally Championship (WRC) from 2025, Hankook-shod cars have got underway in the Rallye Monte Carlo. Leaving Casino Square at 2:30pm local time, over the coming three days, competitors will cover some 214 miles across 18 special stages in Monaco and France before returning to Casino Square on 26 January.

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Related news:

  1. Hankook WRC tyre supplier from 2025
  2. Hankook Returns as Tyre Supplier to Australia’s Bathurst 6 Hour
  3. Hankook supplying reborn DTR race series
  4. Hankook exclusive tyre partner to Lamborghini Super Trofeo
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North America, Middle East debut for Hankook Ventus evo

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Following on from its launch in Europe last November, the fourth generation of Hankook’s ultra-high-performance range and successor to the Ventus S1 evo3 has debuted in key markets around the world, including North America and the Middle East. With the global rollout of the Hankook Ventus evo, Hankook Tire & Technology aims to showcase its technology in the ultra-high-performance tyre sector while further strengthening the Hankook brand’s premium positioning.

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Related news:

  1. Hankook tyres for Toyota Corolla
  2. US market launch for Hankook Dynapro XT & AT2 Xtreme
  3. Hankook Tire CEO Cho receives suspended prison sentence
  4. Hankook partnering in US intelligent tyre pilot
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Changes to Hankook Tire’s European management

Hankook Tire & Technology has today shared news of several managerial appointments that took effect in its European organisation prior to Christmas. Hobum Song, who previously served as MD of Hankook Reifen Deutschland, is as of 1 December 2024 the new VP Central & Eastern Europe. Soo Won Chang, formerly MD of Hankook Tire Austria, takes the baton from Hobum Song in Germany. In turn, Suk Namkung moves from Malaysia to take on the vacated MD role in Austria.

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Related news:

  1. Hankook Tire opens office for Austria & Switzerland
  2. Erich Fric becomes Goodyear managing director consumer Europe Central
  3. Frank Titz takes over replacement PCR tyre sales responsibility at Goodyear DACH
  4. Chairman Cho absent from new Hankook Tire BoD
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Hankook Tire, Solvay collaborating on Circular Silica

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On 10 January, Hankook Tire & Technology signed a Memorandum of Understanding with Solvay Silica to jointly develop ‘Circular Silica’. This strategic partnership will focus on collaborating in the area of circular silica development for tyre manufacturing with the aim of achieving a “significant step forward in sustainable tyre production.”

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Related news:

  1. Korean firms launch ELT consortium
  2. Hankook debuts ISCC certified iON tyre
  3. Hankook Technodome gains trio of safety certifications
  4. Sustainable rubber – Hankook supplying eco-friendly coagulant
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Hankook Tire a partner in Korean tyre mould recycling project

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Hankook Tire & Technology shares that its Hankook Technodome research institute is collaborating to develop eco-friendly manufacturing technologies as part of a project led by South Korea’s Ministry of Trade, Industry and Energy (MOTIE). The aim is to develop technology for reusing discarded tyre moulds in the manufacture of new, reusable moulds.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Technodome gains trio of safety certifications
  3. Hankook Tire partially restarts production at fire-damaged plant
  4. Hankook Tire gains CDP Carbon Management Sector Honors
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Hankook & Company acquires Hanon Systems

Some 180 days after signing a memorandum of understanding with Hahn & Company in May, on 31 October Hankook & Company Group (formerly Hankook Tire Group) entered into share purchase agreements for the acquisition of Hanon Systems Co. Ltd. The company has executed the acquisition through its core business, Hankook Tire & Technology (Hankook Tire), and now holds a 54.77 per cent stake in Hanon Systems.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Technodome gains trio of safety certifications
  3. Hankook Tire chairman Cho indicted
  4. Hankook Tire becomes majority shareholder of Hanon Systems
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Hankook Tire joins GDSO

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Effective July 2024, Hankook Tire & Technology is a full member of the Global Data Service Organisation for Tyres and Automotive Components (GDSO). The association welcomes the Korean tyre maker as a “strong partner that is committed to digitalisation and sustainability in the sector.

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Related news:

  1. Hankook partners with Tableau Software for next-gen business intelligence
  2. Hankook supplying UUHP tyres for Mercedes-AMG GT Coupé
  3. BMW M5 receives Hankook tyres
  4. Hankook Technodome gains trio of safety certifications
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BMW M5 receives Hankook tyres

Hankook Tire & Technology shares that it is supplying ultra ultra-high-performance tyres to the new BMW M5. The performance saloon is available with the Hankook Ventus S1 evo Z in the front axle size HL 285/40 ZR20 (111Y) XL and rear axle fitment 295/35 ZR21 (110Y) XL. BMW M has also homologated a winter fitment, the Hankook iON i*cept.

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Related news:

  1. Hankook tyres for BMW X3 M & X4 M
  2. Hankook supplying UUHP tyres for Mercedes-AMG GT Coupé
  3. BMW selects Hankook UHP, winter tyres for 7 Series OE fitments
  4. Hankook supplying OE tyres for Audi SQ8
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