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Hankook Tire’s JAX gains Australian retail award
An accolade for Hankook Tire in Australia, with its affiliated tyre distribution brand JAX Tyres & Auto winning in the key ‘Customer Experience of the Year’ category at the Retailer Awards 2023. JAX was recognised for its customer-centric service innovation based on clear key performance indicators and business frameworks.
Hankook Tire invests in e-commerce platform Carmerce
Hankook Tire & Technology has become a KRW 3 billion (£1.9 million) pre-Series A investor in South Korean used car e-commerce platform ‘Carmerce’. The tyre maker and start-up signed an investment contract at Hankook & Company’s headquarters on 28 February.
Hankook Tire: Record sales in 2022
Announcing its 2022 financial results, Hankook Tire & Technology (Hankook Tire) shares that its consolidated global sales reached an “all time high” last year. Sales increased 17.5% to KRW 8,394.2 billion (£5.6 billion, $6.9 billion). Operating profit rose 9.9% YoY, to KRW 705.7 billion (£468.2 million, $576.7 million).
Hankook Tire owners lose hidden assets lawsuit
The family ownership of Hankook Tire and Technology must pay a fine of KRW 4.59 billion (£2.9 million) after losing a lawsuit related to foreign assets. Seoul-based publication The Korea Herald writes that the Seoul Administrative Court recently ruled against the lawsuit brought by Cho Yang-rae, honorary chairman of Hankook & Co., and his eldest son Cho Hyun-sik.
Hankook inaugurates Technoring
An opening ceremony took place on 25 May for the largest proving ground in Asia, Hankook Technoring. Hankook Tire & Technology says the facility in Taean, South Korea will serve as a state-of-the-art research and development centre for its “most advanced products to come.”
Supplier of the Year: GM awards 5 tyre makers
At a ceremony held in Phoenix, Arizona this month, General Motors (GM) honoured 134 suppliers based in 16 countries. The vehicle manufacturer’s 2021 Supplier of the Year awardees included five tyre makers – Bridgestone Corporation, The Goodyear Tire & Rubber Company, Hankook Tire & Technology, Maxxis Tires and Michelin North America.
Hankook Tire achieves S&P sustainability gold
S&P Global has awarded two tyre makers a Gold Class rating in its Sustainability Yearbook 2022. In addition to Pirelli reaching this status, which we reported on 1 February, S&P Global has also placed Hankook Tire & Technology in the Gold Class.
Hankook & Company appoints CDO
Seongjin Kim is the new Chief Digital Officer (CDO) of Hankook Tire & Technology Co., Ltd. His appointment to this role takes effect immediately and as CDO, Kim takes responsibility for further accelerating the group’s digital transformation.
Prospecs features Hankook tread on ‘all-season’ trainers
Hankook Tire & Technology is collaborating with Korean sportswear brand Prospecs to release a series of running shoes with enhanced grip in wet and wintry conditions. Prospecs provides this extra traction by utilising the tread pattern from the Hankook Kinergy 4S2 all-season tyre on the trainers’ soles.
Hankook Technodome gains trio of safety certifications
With the attainment of three additional ‘Certifications of Exemplary Laboratories in Safety Management’, five laboratories within Hankook Tire’s R&D centre in Korea are now officially certified for excellent safety management.
Sustainable rubber – Hankook supplying eco-friendly coagulant
Hankook Tire has announced it will provide formic acid, an eco-friendly coagulant, to rubber farmers in West Kalimantan, Indonesia. It says this measure furthers its “commitment to enhance the sustainability across its value chain for natural rubber.”
Hankook Tire secures container stability through Hapag-Lloyd deal
Ocean freight is in the midst of a predicament. The global shortage of shipping containers, primarily caused by the COVID-19 pandemic, has led to continued port congestion and freight prices at all-time highs. Hankook Tire & Technology has worked with Hapag-Lloyd AG, the world’s fifth largest liner shipping company, for more than 20 years and now aims to strengthen its logistics capabilities through a new partnership.
Roadmate: Hankook Tire supplying exclusive brand to Korea’s SpeedMate
SpeedMate claims to be South Korea’s leading automotive aftermarket brand, and tyres are just one of many products sold through its outlets and Tire Pick O2O platform. The SK Group company has now entered into an agreement with Hankook Tire & Technology for the supply of an exclusive tyre brand, Roadmate.
