KOREA’S LARGEST TIREMAKER IN MIDST OF LEGACY WRANGLES

• Family feuds are common nowadays and so when the chief of Korea’s largest tire maker sold all his stock in the company to his second son on June 30, the succession caused raised eyebrows.
• IT was not surprising for just as the succession was over, a simmering family disput...

CAR TYRES TO BUY IN 2020

Highlights:

• Tyres are tested on nine elements before making it to the list.
• The tyres were gone under test in wet and dry conditions which include interior noise and rolling-resistance measurements.
• The amount of fuel required to drive a ca...

HANKOOK APPOINTS NEW SALES DIRECTOR

Highlights:

• Paul Emery is the new sales director of Hankook Tyre UK.
• He will be handling sales of truck and bus tyre segment.
• Paul has 30 years of experience in tyre industry.

Paul Emery was appointed as the new Sales Dire...

HANKOOK TIRE BID TO ACQUIRE HANON SYSTEM IS ON HOLD

Highlights:

• Hankook Tire and Technology’s plan to acquire vehicle air conditioning system maker Hanon Systems is on hold.
• Hanon Systems’ is the world’s number 2 vehicle air conditioning system manufacturers.
• Hankook Tire a...

SOUTH KOREAN TIRE INDUSTRY PERFORMANCE IN THE DECLINING GLOBAL TIRE MARKET

Highlights:

• South Korean tire industry is one of the most flourished tire markets in the world.
• The decline in the global tire market has also marked a dent in the demand for Korean tires.
• The decline in the automotive industry has affected...

HANKOOK TO EXPAND SALES NETWORK IN INDONESIA

Highlights:

• Hankook tire sales Indonesia and Bridgestone Tire Indonesia will expand its retail distribution network.
• Hankook’s expansion could give a boost to the sluggish manufacturing industry.
• Bank Indonesia’s (BI) Prompt Man...