SEOUL, South Korea—Hankook Tire & Technology Co. Ltd.’s board of directors has authorized a plan to buy back up to $43 million of the company’s stock and boost the stock dividend in an effort to enhance shareholder value.
Thanks to an extension of the current partnership, Hankook will return in 2020 as official tyre of Australia’s National Rugby League (NRL). As part of the newly-extended contract, the tyre maker will launch what it says will be “one of the biggest consumer promotions ever seen” in the country’s tyre industry; this will run from April to August 2020.
Hankook Tire is partnering with Amazon Web Services (AWS) to incorporate more digital technologies such as artificial intelligence and big data.
Hankook Tire recently developed a Virtual Compound Design (VCD) system, which predicts the characteristics of tire compounds and finds an optimal combination through artificial intelligence analysis, the company says.
Hankook Tire announced it is extending its sponsorship contract with Real Madrid C.F. by another three years until the end of the 2022/23 season.
The tire maker will receive exclusive rights to the prominent, central LED board for the entire season, scaling new heights in local and international coverage.
Hankook Tire continues to grow its TBR product portfolio in America by announcing two new products in their truck and bus radial (TBR) tire lineup with the AH32 and e3 WiDE DL12.
Equipped with the latest Hankook TBR technologies, the AH32 and DL12 offer wider contact patches enabling a higher tread volume enhancing fuel efficiency, safety, and performance for regional and long-haul applications.
Hankook Tire America announced that Soo II Lee will assume the role of President effective this month. Lee succeeds Hosung Suh who began his term as President in July of 2017.
Lee previously served as President and Chief Operating Officer of the America headquarters from 2009 through 2012. Suh will return to Hankook’s global headquarters in Seoul, Korea to take over a new position this month.
Nashville, TN – A lot can change in 10 years, and our roads are no exception. In its latest Gauge Index survey, Hankook Tire found that, despite a decade of automotive innovation, one element of driving still leaves something to be desired – drivers’ attitudes.
SEOUL, South Korea — Hankook Tire & Technology Ltd. reported a 3.2% drop in pre-tax operating income for the quarter ended Sept. 30 on 4.4% higher sales, citing “weakened consumer confidence caused by the global economic downturn” for “intensified tire market sales competition.”
SEOUL, South Korea — Hankook Tire & Technology Co. Ltd. unveiled its new Virtual Compound Design system, designed to help predict the characteristics of a tire compound through artificial intelligence analysis, eliminating the need for actual testing.
Hankook Tire attended the Solutrans Exhibition in Lyon, France for the 5th consecutive year.
From November 19 – 23, the tire maker displayed its full range of bus and truck tires as well as services dedicated to their offers.
“The Solutrans Exhibition is one of the most important platforms for the French tire trade market, which is constantly growing in the commercial vehicles sector.