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Hankook Tire continues local clean-up after Daejeon plant fire

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By 25 April, Hankook Tire & Technology had received more than 2,000 complaints from local residents, businesses and farmers related to the fire that broke out at its Daejeon tyre plant on 12 March. In a statement issued today, the company indicates its intention to provide compensation as soon as possible for those complaints that are “closely related to the fire incident and can be proven.” Hankook Tire is also engaged in clean-up activities and repairing public facilities in order to “restore daily life” in the local area.

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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 invests in e-commerce platform Carmerce
  4. Prospecs features Hankook tread on ‘all-season’ trainers
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Hankook Tire chairman Cho indicted

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Arrested on 6 March 2023, Hankook Tire & Technology chairman Cho Hyun-bum has now been indicted on charges of illicit inter-affiliate trading, embezzlement and breach of trust.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Hankook CEO arrested on bribery charges
  3. Hankook Tire CEO Cho indicted on bribery, embezzlement charges
  4. New year, new chairman: Cho Hyun-bum takes the reins at Hankook & Company
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Hankook Tire’s JAX gains Australian retail award

An accolade for Hankook Tire in Australia, with its affiliated tyre distribution brand JAX Tyres & Auto winning in the key ‘Customer Experience of the Year’ category at the Retailer Awards 2023. JAX was recognised for its customer-centric service innovation based on clear key performance indicators and business frameworks.

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  1. Hankook Tire acquires Australia’s JAX Tyres
  2. Hankook Tire achieves S&P sustainability gold
  3. Hankook Tire secures container stability through Hapag-Lloyd deal
  4. Supplier of the Year: GM awards 5 tyre makers
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Hankook Tire invests in e-commerce platform Carmerce

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Hankook Tire & Technology has become a KRW 3 billion (£1.9 million) pre-Series A investor in South Korean used car e-commerce platform ‘Carmerce’. The tyre maker and start-up signed an investment contract at Hankook & Company’s headquarters on 28 February.

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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. 3D printing to reduce Hankook’s production costs
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Hankook Tire: Record sales in 2022

Announcing its 2022 financial results, Hankook Tire & Technology (Hankook Tire) shares that its consolidated global sales reached an “all time high” last year. Sales increased 17.5% to KRW 8,394.2 billion (£5.6 billion, $6.9 billion). Operating profit rose 9.9% YoY, to KRW 705.7 billion (£468.2 million, $576.7 million).

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Related news:

  1. Hankook Tire: Lower profits in H1 2019
  2. Earnings decrease, but larger tyre sizes grow in importance for Hankook Tire
  3. Hankook Tire 2021 results
  4. Hankook announces Q2 2022 results
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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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Hankook inaugurates Technoring

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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
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Bahk named Hankook & Co. BoD chairman

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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  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
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Supplier of the Year: GM awards 5 tyre makers

At a ceremony held in Phoenix, Arizona this month, General Motors (GM) honoured 134 suppliers based in 16 countries. The vehicle manufacturer’s 2021 Supplier of the Year awardees included five tyre makers – Bridgestone Corporation, The Goodyear Tire & Rubber Company, Hankook Tire & Technology, Maxxis Tires and Michelin North America.

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  1. GM Supplier awards: 5 tyre makers acknowledged
  2. Tyre makers honoured with GM & Ford supplier awards
  3. Giti enters the top 10 of leading tyre manufacturers
  4. 6 tyre manufacturers among GM supplier award winners
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Hankook Tire achieves S&P sustainability gold

S&P Global has awarded two tyre makers a Gold Class rating in its Sustainability Yearbook 2022. In addition to Pirelli reaching this status, which we reported on 1 February, S&P Global has also placed Hankook Tire & Technology in the Gold Class.

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  1. Hankook Tire gains ISCC PLUS certification
  2. Hankook participating in Project TREE
  3. Hankook Tire secures container stability through Hapag-Lloyd deal
  4. Hankook Tire CEO Cho receives suspended prison sentence
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Hankook & Company appoints CDO

Seongjin Kim is the new Chief Digital Officer (CDO) of Hankook Tire & Technology Co., Ltd. His appointment to this role takes effect immediately and as CDO, Kim takes responsibility for further accelerating the group’s digital transformation.

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Related news:

  1. Hankook: HK-KAIST collaboration widens
  2. New year, new chairman: Cho Hyun-bum takes the reins at Hankook & Company
  3. Hankook Tire examining distribution structures, looking at M&A growth
  4. Name change for Hankook Tire holding company
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Prospecs features Hankook tread on ‘all-season’ trainers

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
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Hankook Technodome gains trio of safety certifications

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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
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Sustainable rubber – Hankook supplying eco-friendly coagulant

Hankook Tire has announced it will provide formic acid, an eco-friendly coagulant, to rubber farmers in West Kalimantan, Indonesia. It says this measure furthers its “commitment to enhance the sustainability across its value chain for natural rubber.”

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Related news:

  1. Top natural rubber produces cutting exports by 240,000 tons
  2. Michelin accused of Indonesia natural rubber deforestation “cover-up”
  3. Continental grows commitment to rubber supply chain sustainability
  4. Hankook Tire secures container stability through Hapag-Lloyd deal
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Hankook Tire secures container stability through Hapag-Lloyd deal

Ocean freight is in the midst of a predicament. The global shortage of shipping containers, primarily caused by the COVID-19 pandemic, has led to continued port congestion and freight prices at all-time highs. Hankook Tire & Technology has worked with Hapag-Lloyd AG, the world’s fifth largest liner shipping company, for more than 20 years and now aims to strengthen its logistics capabilities through a new partnership.

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Related news:

  1. Hankook Tire CEO Cho receives suspended prison sentence
  2. Covid-19: Hankook pauses plant production
  3. Hankook introduces AI for ‘smarter’ tyre inspection
  4. Hankook Tire establishes ESG committee
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