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You are here: Home1 / South Korea

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Hankook Tire owners lose hidden assets lawsuit

International News

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.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook: HK-KAIST collaboration widens
  3. Hankook Technodome gains trio of safety certifications
  4. Prospecs features Hankook tread on ‘all-season’ trainers
26th July 2022/0 Comments/by Stephen

Hankook Tire brings Laufenn home

International News

First presented at the SEMA show in Las Vegas back in 2014 and subsequently launched in Europe and dozens of other markets, Laufenn is Hankook Tire’s second brand. After introducing Laufenn to the world, Hankook is now bringing the brand home and offering it in South Korea for the first time. By debuting Laufenn locally, the tyre maker aims to “further accelerate” its domestic market penetration with a multi-brand strategy that satisfies “the diverse tastes of consumers.”

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Tire shares update on risk detection tech development
  3. Hankook & Company signs MOU with KAIST to build data infrastructure platform
  4. Domestic market launch for Hankook Winter i*cept RS² successor
12th July 2022/by Stephen

Hankook inaugurates Technoring

Company News, International News

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.”

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Technodome gains trio of safety certifications
  3. Prospecs features Hankook tread on ‘all-season’ trainers
  4. Hankook Technodome gains ISO/IEC 17025 certification
27th May 2022/by Stephen

Baseball: Kumho teams up with the Kia Tigers again

International News

South Korean tyre makers can once again compete head-to-head on the baseball field, with Kumho Tire resuming its sponsorship of the Kia Tigers after a four-year hiatus. It joins Hankook Tire, sponsor of the Doosan Bears, in the top-level KBO League.

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Related news:

  1. Kumho the strongest ‘local’ in South Korea’s aftermarket
  2. Creditors to sell Kumho Tire shareholding
  3. Kumho Tire delisting as military supplier
  4. Kumho Tire CEO ‘grateful’ for dealers’ support as first post-acquisition tyre launched
6th April 2022/by Stephen

Bahk named Hankook & Co. BoD chairman

Career Tracks

Hankook & Company, holding firm for Hankook Tire & Technology, has appointed Bahk Jae-wan chairman of its Board of Directors. The appointment was confirmed at a general meeting of shareholders and board meeting held on 30 March.

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Related news:

  1. Hankook: HK-KAIST collaboration widens
  2. Komaguchi becomes chairman, Shimizu to president as Toyo shuffles board personnel
  3. Hankook & Company appoints CDO
  4. Mobiltech: 1st investment for Hankook fund
31st March 2022/by Stephen

Prospecs features Hankook tread on ‘all-season’ trainers

International News

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.

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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 signs MoU with leading Korean fleet management firm
  4. Covid-19: Hankook pauses plant production
26th January 2022/by Stephen

Kumho and Blatco in talks over Saudi tyre factory

Company News, International News
Aramco

Various news sources are reporting that South Korea’s Kumho Tire signed a memorandum of understanding (MoU) with Saudi Arabia-based Blatco (Black Arrow Tire Co. as part of the Saudi-South Korean Business Forum on 18 January 2022. As many as 13 agreements were signed during the Saudi-South Korean Business Forum, of which 10 were signed by oil major Saudi Aramco.

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Related news:

  1. Kumho confirms Saudi tyre factory MoU
  2. Kumho investing $300 million in tyre factory expansion plans
  3. No extension for Kumho Tire receivership deadline
  4. Kumho brand name off-limits to tyre maker’s potential purchaser
25th January 2022/by Chris

Hankook Technodome gains trio of safety certifications

Company News, International News

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.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Technodome gains Korean ‘exemplary laboratory’ certification
  3. Hankook: HK-KAIST collaboration widens
  4. Hankook Technodome gains ISO/IEC 17025 certification
13th January 2022/by Stephen

Mobiltech: 1st investment for Hankook fund

Company News

In May we shared that Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co., Ltd., had established a fund the previous month to facilitate the securing of a new growth engine. The company reports that this business portfolio, named S.T.R.E.A.M., has made its first investment. It has invested in Mobiltech, an artificial intelligence-based spatial information and service start-up, and is now contemplating potential joint projects with Hankook Tire.

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Related news:

  1. Hankook at 80 – company announces S.T.R.E.A.M. business portfolio
  2. Hankook & Company signs MOU with KAIST to build data infrastructure platform
  3. Hankook Tire CEO Cho receives suspended prison sentence
  4. Hankook working with Hyundai & Kia on data-based services
29th October 2021/by Stephen

Roadmate: Hankook Tire supplying exclusive brand to Korea’s SpeedMate

International News

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.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Technodome – Hankook Tire opens new R&D centre in Korea
  3. Hankook Tire not bidding for Kumho Tire share
  4. Court rules Hankook Tire partially responsible for worker’s cancer death
21st October 2021/by Stephen

Domestic market launch for Hankook Winter i*cept RS² successor

International News, Product News

The 2015-launched Hankook Winter i*cept RS² is still delivering strong performances in comparative tyre tests, such as its ‘good’ rating in Auto Bild’s winter 2021 evaluation, but a successor tyre is already available – in Korea, at least. Hankook Tire & Technology is launching the Winter i*cept RS³ in its domestic market today.

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Related news:

  1. Hankook Tire signs MoU with leading Korean fleet management firm
  2. Hankook Tire CEO Cho receives suspended prison sentence
  3. Hankook Tire shares update on risk detection tech development
  4. Hankook & Company signs MOU with KAIST to build data infrastructure platform
15th October 2021/by Stephen

Tyres to shoes: Hankook collaborating with Yase

Company News

Hankook Tire is collaborating with Korean footwear brand Yase to launch a range of eco-friendly shoes made using recycled tyres. This ‘Zero – Leave Nothing Behind’ project offers those still too young to drive the opportunity to get to know Hankook Tire – the tyre maker expects the products will “resonate with customers who are early adopters and are conscious about the environment.”

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Related news:

  1. Creditors to sell Kumho Tire shareholding
  2. Reports: ChemChina interested in Kumho
  3. 94 per cent of all used tyres collected and treated in 2016: ETRMA
  4. Wastefront signs exclusive project delivery partnership with Devaltec
2nd September 2021/by Stephen

Nexen Tire launches N’Fera Racing Team

International News, Motorsport

A ceremony was held at Nexen Tire’s R&D centre in Seoul yesterday to mark the official debut of the N’Fera Racing Team. Several of the South Korean tyre maker’s top executives attended the event, including chief executive officer Travis (Ho-chan) Kang, as well as Hwang Doyun, the team’s first driver.

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Related news:

  1. Nexen Tire resumes production after short coronavirus pause
  2. Nexen Tire begins Japan joint venture
  3. Abu Dhabi firm invests in Nexen Tire, signs MoU
  4. Kumho, Nexen fined for restricting tyre resale prices
27th August 2021/by Stephen

Hankook & Company signs MOU with KAIST to build data infrastructure platform

Company News, International News

Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co., Ltd., has expanded its cooperation with the Korea Advanced Institute of Science and Technology (KAIST) through the signing of a memorandum of understanding with its College of Engineering. This latest MoU centres on the ‘Symbiotic Transformation for AI-infused Reality (STAR) Project’ and seeks to “build a data infrastructure platform and strengthen cooperation in researches for the post-AI age.” One potential outcome of this collaboration is that data will later be used in Hankook’s tyre research and development.

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Related news:

  1. Hankook: HK-KAIST collaboration widens
  2. Hankook Tire signs MoU with leading Korean fleet management firm
  3. Hankook working with Hyundai & Kia on data-based services
  4. Hankook Tire CEO Cho receives suspended prison sentence
29th June 2021/by Stephen

Hankook: HK-KAIST collaboration widens

International News

Under extensions to an agreement first signed in 2019, tyre maker Hankook and the Korea Advanced Institute of Science and Technology (KAIST) will continue and expand operations at the HK-KAIST Digital Innovation Center, which is located within the Hankook Technodome in Daejeon, Korea.

Read more

Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook Tire shares update on risk detection tech development
  3. Hankook introduces AI for ‘smarter’ tyre inspection
  4. Hankook Tire signs MoU with leading Korean fleet management firm
19th May 2021/by Stephen
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