Hankook to Acquire 1.5 Million Outstanding Shares

Hankook Tire announced on May 26 it will purchase 1.5 million of its outstanding shares at a cost of 20.7 billion won (£10 million) in order to boost its stock price. The buyback begins on May 30 and will continue until August 29, and the amount of shares purchased will be the equivalent to one per cent of all outstanding stock.