Hankook Tire 2021 results
Tyre maker Hankook has released its results for the 2021 financial year. The company achieved global sales of KRW 7.142 trillion (£4.4 billion), 10.7 per cent higher than in 2020, and a year-on-year increase in operating profit of 2.2 per cent to KRW 641 billion (£395.1 million). Momentum slowed in the second half of the year as the global economy collectively tackled issues such as global supply chain disruption, semiconductor shortage and rising raw materials costs.