The Hankook Tyre Group was established in Seoul, Korea in 1941. From a maximum production of 110,000 tires a year in 1942, Hankook has expanded rapidly with a record annual production of 50 million tires. In 1962, the company started exporting tires for the first time, creating history in Korea. In 2003, Hankook created history again in Korea when the company formed a strategic alliance with Michelin Group, which is the tire industry’s leading global market.
Hankook supplies tires as original equipment to several premier automobile companies including General Motors trucks, Ford Trucks, Hyundai and International Truck and Engine Corporation. The company is currently ranked as the seventh largest tire manufacturing company in the world, which is definitely impressive for its short history. Hankook’s rapid success is attributed to its mission of ensuring value for money with every product. Their mission is five-fold – to consistently provide only the highest quality products, to become one of the best known tire brands, to maintain a highly motivated and knowledgeable workforce, to remain a leader in the area of customer service and satisfaction and to achieve significant growth with strong financial rewards.