The Hankook Tyre group, a family company based in Seoul, South Korea, is the seventh largest tyre company in the world . They have 2 massive tyre production facilities in Korea, one in Hungary and another two in China. Also, Hankook has an entire tyre complex in Korea devoted to tyre reseach, development of new products and quality control. Established in 1941 as the Chosun Tire Company, it was renamed Hankook Tire Manufacturing in 1968.
Hankook Tire’s worldwide reputation has largely grown due to its radial tyre and bias-ply tyre production. The company now supplies tyres as original equipment to the Hyundai Motor Company, Toyota Motor Corporation, Holden, Ford, Volkswagen, Audi, Ford Motor Company trucks, General Motors trucks, International Truck and Engine Corporation and others. In addition to producing about 50 million tyres per annum, the company also sells batteries, alloy wheels, and brake pads.
According to this article, Hankook must be one of the worlds older tyre companies. Did they suffer a sales decline due to the current world recession?
Hankook sales have continued to increase internationally all through the recession. Their high quality, technologically advances and excellent prices fills a unique niche which has protected their sales over the last few years.
i was not aware Hankook is a family company. It is amazing the business survived both the Japanese occupation and the Korean civil war.
Margot, at first Hankook was a very small company which may have helped it survive those hard times. It grew rapidly from the 1980’s.
There is apparently a bunch to know about this. This was a good read.
thank you
Very interesting, its good to know the background of these guys. But I would prefer to be reading about the backround of a New Zealand owned and operated tyre manufacturer!
problem is there are no new zealand tyre manufacturers left. the last one closed down last year. the kiwi tyre plants had very old technology and were making old fashioned tyres.
quite simply, a small time old tyre plant can not hope to compete with something like hankooks many multi billion dollar tyre plants. and that fact applies to many things in new zealand. our future has to be with other things, not making tv”s, cars and tyres etc.
thats for sure!
Gee, family companies of this size must be rare these days. I enjoyed reading this thanks.
Yes, very rare indeed.
Really nice post, thanks!
Great!
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Thanks for the tip, we will check this out.
Very interesting story. It is amazing they survived the Japanese occupation and the Korean civil war.
Thank you for this very interesting post. The Hankook family have got a lot to be proud off.
Its nice to know I am buying tyres off a family company with a proud and long tradition. That means a lot to me.
I’m truly enjoying the design and layout of your website. It’s a very easy on the eyes which makes it much more pleasant for me to come here and visit more often.
Thank you Karen!
Thanks for your informative blog.
Great
Having read this I thought it was extremely informative.
I appreciate you spending some time and effort to put this content together.
Really interesting and informative website thank you.
Ipurchased a 2005 skoda fabia vrs 1.9tdi shod with achilles 205/45/16 two yrs ago which has proved to be a very quick , safe and economical touring car,but the tyres are very noisey especially on our coarse waikato chip.I intended to replace the with hankook k415 but notice the tread pattern is rather similar and am concerned about the noise. Advice please
Hello John
There are two issues here, road noise the tyre makes and road noise which gets transmitted to the cabin as a consequence of insufficient or inadequate (for the requirements of our chip seal surface) sound proofing. I can confirm that the Hankook K415 is a quiet tyre and I can also confirm that some cars, like the year 2000 VW Polo, do not cope with the noise from chip seal very well. Also, I am thinking that the quite cheap tyre you currently use is probably a directional pattern, and potentially quite a bit noisier than the symmetric Hankook k415.
Hope this helps
Peter