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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.

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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
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New year, new chairman: Cho Hyun-bum takes the reins at Hankook & Company

Cho Hyun-bum has been officially inaugurated as chairman of Hankook & Company, holding firm for Hankook Tire & Technology. Hyun-bum is the younger son of former chairman Cho Yang-rai, who becomes the company’s honorary chairman.

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Related news:

  1. Hankook Tire CEO Cho indicted on bribery, embezzlement charges
  2. Hankook Tire CEO Cho receives suspended prison sentence
  3. Sibling rivalry: Cho Hyun-sik resigns as vice-chairman of Hankook holding firm
  4. Hankook & Company signs MOU with KAIST to build data infrastructure platform
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