Hankook Tire & Technology Co., Ltd.

Hankook Tire & Technology Co., Ltd. is a South Korean tire manufacturer and the seventh-largest tire company globally. Established in 1941 as Chosun Tire Company, it was renamed Hankook Tire Manufacturing in 1968. The company's core business involves the production and sale of automotive tires, with a mission to lead the global tire industry through premium brands, high-tech innovation, and responsible ESG management. Its global headquarters are located in Bundang-gu, Seongnam-si, South Korea.

Hankook Tire offers a comprehensive range of products, including tires for passenger cars, light trucks, SUVs, buses, and high-performance vehicles, alongside specialized motorsport applications. Beyond tires, the company also produces batteries, alloy wheels, and brake pads. Its portfolio includes primary brands like Hankook, Optimo, and Laufenn, with sub-brands such as iON for electric vehicles, Ventus for premium performance, Dynapro for SUVs, and Kinergy for comfort. Hankook supplies tires as original equipment to various global automakers, including BMW, Volkswagen, Porsche, and Tesla, and serves the replacement market across more than 160 countries worldwide.

In recent leadership changes, Jongseon Ahn and Sanghoon Lee were appointed as Co-CEOs of Hankook Tire & Technology on March 26, 2025, aiming to enhance management efficiency and strategic decision-making. The company is actively expanding its global manufacturing footprint, with the European Commission recently approving €71.6 million in Hungarian state aid for a new €538 million truck and bus radial tire production line at its Rácalmás plant, with construction commencing in January 2025. Hankook Tire is also the official tire supplier for the FIA World Rally Championship (WRC) starting in 2025, underscoring its commitment to motorsports and advanced tire technology. The company continues to prioritize high-value products, particularly larger diameter passenger car tires and its iON brand of EV-specific tires, to strengthen its market position.