South Korea’s Hankook Tech chairman sells entire stake to younger son; shares rally

The parent of South Korea’s top tyre maker Hankook Tire & Technology said its chairman had sold his stake in the group to his younger son, driving its shares up 30% as investors bet this could lead to a family feud over ownership.

Hankook Technology Group Co Ltd Chairman Cho Yang-rai has sold his 23.59% stake in a block deal to Cho Hyun-bum, who heads the tyre maker, making junior Cho the largest shareholder with a nearly 43% stake in the parent company, a regulatory filing showed on Tuesday.

Read the source article at Stock Market Quotes and News

Hankook using AI for tire inspections

SEOUL, South Korea—Hankook Tire & Technology has begun automating the final inspection process for tires by applying artificial intelligence and digital sensor technology to enhance efficiency and consistency.

Read the source article at Rubber and Plastics News

Hankook opens Cmf Lab for research in industrial tire design

Hankook has launched its CMF Lab – a database dedicated to the research and categorization of current design trends relating to color, material and finish (CMF). The CMF Lab is part of Model Solution, a company in the Hankook Technology Group, which supports tire manufacturing with creative future-oriented concepts. The CMF Lab will work together with the British design studio, Chris Lefteri Design.

Read the source article at Tire Technology International

Hankook Supplies Tires for 2020 Super Duty

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Hankook Tire has announced that it will supply OE tires for Ford’s Super Duty F-450 and F-550 Chassis Cab vehicles – the SmartFlex AH35 and new DH35 in size 225/70R19.5.

The SmartFlex DH35 provides a wide contact area with four zig-zag groove lines across the tread’s surface, resulting in increased mileage and performance.

Read the source article at Autosphere.ca

Hankook touts growth plans at annual dealer event

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NASHVILLE, Tenn.—Hankook Tire America plans to introduce new OE fitments and commercial truck tire products this year as its parent company continues to ramp up capacity.

Read the source article at Rubber and Plastics News

Tire Technology Expo Conference program: More speakers added!

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Tire Technology Expo Conference has just released an updated conference program, featuring even more new speakers. With over 170 presentations in total across 12 dedicated streams, leading organizations set to speak at the event include Bridgestone, Continental, Ducati, ExxonMobil, Fiat Chrysler Automobiles, Hankook, Jaguar Land Rover, Lamborghini, Michelin, Pirelli, and Yokohoma.

Read the source article at Tire Technology International

Bridgestone, Goodyear, Hankook, Michelin earn GM supplier honors

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DETROIT — General Motors Co. has named Bridgestone Americas Inc., Goodyear, Hankook Tire America Corp. and Michelin North America suppliers of the year for 2018.

The four tire makers are among 133 suppliers to earn the recognition, which GM presented recently in Detroit during its 27th annual Supplier of the Year awards ceremony.

GM selected suppliers from 15 countries to receive the award for going “above and beyond GM’s requirements,” providing customers with the most innovative technologies and delivering quality vehicles.

Read the source article at Tire Business

Hankook Tire share driver tips for National Tire Safety Week

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Hankook Tire is rolling out five tips for drivers as we celebrate National Tire Safety Week from May 20-27, 2019.

Hosted by the U.S. Tire Manufacturers Association (USTMA), National Tire Safety Week is a perennial initiative that educates motorists about tire care, safety and maintenance, including the potential dangers of unsafe used tires.

Read the source article at Traction News

Hankook Tire Renamed ‘Hankook Tire & Technology’

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Hankook Tire will change names of its holding companies and major affiliates, and has rebranded itself as “Hankook Tire & Technology.” Hankook says the name change will be a turning point to enhance future competitiveness based on technological innovation.

Read the source article at Tire Review

Hankook Tire Canada Appoints New President And CEO

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Hankook Tire Canada Corp. has announced the appointment of In Hyuk Rhee as president and CEO.

During a career with Hankook Tire spanning back to 1993, Rhee has served as both manager of the Motorsports team at Hankook Global, as well as manager of marketing strategy at Hankook’s European headquarters.

Read the source article at Tire Review