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Hankook Tire company history timeline

1953

1953 Changed name to Hankook Tire corporation

1962

1962 First exports to Pakistan

1975

1975 Received $13 million order from Iran Ministry of Roads and Transportation

1976

1976 First Middle East branch office opened in Kuwait

1979

The Daejeon facility, which specializes in the production of radial tires, was built in 1979 as part of Hankook Tire & Technology’s strategic investment in the future.

1981

1981 Established local branch office in the United States

1982

1982 Established a technological research center in Daejeon, Korea

1982 Acquired E-mark Certification from the Economic Commission for Europe

1983

1983 Acquired Korean Industrial Standards (KS) Certification for all radial tire sizes

1985

1985 Established Korea's first tire proving ground

1990

In the 1990’s Hankook continued our strategy to invest in infrastructure and expand production capacity.

1999

1999 Built tire production facilities in Jiaxing and Jiangsu, China

2001

2001 European Distribution Center (EDC) begins operation

2006

2006 Construction of Hungary plant begins

2007

2007 Ranked as the seventh-largest tire corporation in the world by sales (Modern Tire Dealer)

2008

2008 Signed OE supply partnership with Audi

2011

2011 Signed DTM sponsorship in Germany

2011 Celebrated our 70th anniversary

2012

2012 Began supplying OE tires for the new BMW 3 series

2012 Became the official sponsor for the UEFA Europa League

Tire sales in the United States grew 20% in 2012 to $1.2 billion.

2013

His net worth has increased by slightly more than $100 million over the past month; for the 2013 Forbes list of South Korea's 50 Richest, published in April, Cho was worth $905 million.

2013 Hankook Indonesia grand opening

2013 Extended official DTM partnership ahead of schedule

2014

In addition, Hankook was named the official tire supplier for Deutsche Tourenwagen Masters (DTM) in Germany, one of the world’s top three touring car competitions, and began the groundwork for yet another research center with technologically advanced equipment in 2014.

2014 Groundbreaking ceremony for new R&D Center, HANKOOK TECHNODOME in Deajon, Korea

2015

2015 Extend the premium original equipment to SUV Tires on Porsche 'Marcan'

2016

2016 Selected as original equipment supplier for the all new BMW 7 Series

2016 Opened the company’s new central research and development center, the Hankook Technodome

2017

2017 Grand opening of Tennessee Plant in the United States

2020

2020 Signed Formula E sponsorship from 22/23 season

2020 Began supplying e-tyres for Porsche Taycan electric sports cars

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Founded
1941
Company founded
Headquarters
Wayne, NJ
Company headquarter
Founders
Cho Jai
Company founders
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Hankook Tire competitors

Company nameFounded dateRevenueEmployee sizeJob openings
Tire Centers1986$900.0M2,600-
Cooper Tire & Rubber1914$2.5B10,000-
Continental Tire1995$240.0M600138
Pirelli1872$5.8B30,18919
Dunlop Tire Corp-$580,00010-
Valparaiso Tire-$380,00010-
Mahar1947$8.5M300-
XPEL1997$396.3M20080
Auto Alliance1999$1.6M30-
Gulf Stream Coach1983$200.0M9-

Hankook Tire history FAQs

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Hankook Tire may also be known as or be related to Hankook Tire, Hankook Tire America Corp and Hankook Tire America Corp.