BRIEF HISTORY OF HANKOOK TYRES

Hankook Tyre was established by Jae Hun Chung's grandfather in 1941 as the Chosun Tyre Company and was renamed to Hankook Tire Manufacturing in 1968. Both words Choson and Hankook (Hanguk) refer to the names of the ancient and historic kingdoms of Korea.

Hankook Tyre's worldwide reputation has largely grown due to its radial tire and bias-ply tire production. The company now supplies tyres as original equipment to various automakers. In addition to producing about 92 million tyres per year, the company also sells batteries, alloy wheels, and brake pads.

Hankook Tyre Co. has announced that the company will invest $1.1 billion to build a factory in West Java, Indonesia as part of a plan to become the 5th largest tyre manufacturer in the world.On June 9, 2011 a ground breaking ceremony was held at a 60-hectare area as a regional hub production for export to Asian, North America and Middle East countries

In October 2013, the company announced plans to open a new factory in Tennessee.

Hankook tyre is one of the most popular tyre in South Africa after Bridgestone, Goodyear and Michelin