Who Owns Hankook Tires?

One of many common tire-making firms in the USA of America is Hankook Tyres. On this article, we convey to mild the present possession of Hankook tires.

Hankook Tire & Know-how is a South Korean tire firm. Based mostly in Seoul, Hankook is the seventh-largest tire firm on the earth.

Hankook Tire was established by Jae Hun Chung’s grandfather in 1941 because the Chosun Tire Firm and was renamed Hankook Tire Manufacturing in 1968. The phrase “Hankook” actually means Korea, thus Korea Tire Firm.

The corporate now provides tires as authentic gear to numerous automakers. Along with producing about 102 million tires yearly, the corporate additionally sells batteries, alloy wheels, and brake pads.

Hankook Tire Co. has introduced that the corporate will make investments $1.1 billion to construct a manufacturing facility in West Java, Indonesia as a part of a plan to turn out to be the fifth largest tire producer on the earth in keeping with Trendy Tire Supplier, Hankook’s new tire gross sales for 2007 had been $3.5 billion, a 20.7% year-over-year enhance from 2006

Who Owns Hankook Tires?

Right here is the data we’ve been capable of collect in regards to the possession of Hankook Tyres

Presently, Hankook is owned by Cho Yang-rai

Cho Yang-rai, the holding firm’s chairman, hails from the founding household. As of the top of 2014, Cho owned 23.59% of the holding firm and 10.5% of the working enterprise. Cho Hyun-Sik, the holding firm’s CEO, is the chairman’s eldest son.

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