About Hankook Tire
Hankook Tire is a company based in Seoul (South Korea) founded in 1941.. The company has 6,460 employees as of December 31, 2024. Hankook Tire has completed 5 acquisitions, including 3SECONDZ, Hanon Systems and JAX Tyres & Auto. Hankook Tire offers products and services including iON evo, Ventus S1 evo3, Dynapro HP2, and Kinergy 4S2. Hankook Tire operates in a competitive market with competitors including Michelin, Pirelli, Goodyear, Bridgestone and Michelin North America, among others.
- Headquarter Seoul, South Korea
- Employees 6460 as on 31 Dec, 2024
- Stage Public
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Sectors
Transportation, Automotive & Logistics
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Email
***********
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Phone
*********
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Website
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Social
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- Legal Name Hankook Tire & Technology Co., Ltd.
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Annual Revenue
$6.38 B (USD)5.28as on Dec 31, 2024
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Net Profit
$752.65 M (USD)54.76as on Dec 31, 2024
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EBITDA
$1.55 B (USD)24.24as on Dec 31, 2024
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Latest Funding Round
$364.79 M (USD), Post-IPO
Aug 11, 2011
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Investors
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Employee Count
6460
as on Dec 31, 2024
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Investments & Acquisitions
3SECONDZ
& 4 more
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IPO & Listings of Hankook Tire
Hankook Tire is a publicly listed company on the KRX with ticker symbol 161390 in South Korea, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Products & Services of Hankook Tire
Hankook Tire offers a comprehensive portfolio of products and services, including iON evo, Ventus S1 evo3, Dynapro HP2, and Kinergy 4S2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tires designed for electric vehicles to enhance range and performance
High-performance tires for luxury vehicles ensuring superior handling
Tires for SUVs providing comfort and wet weather grip
All-season tires for passenger cars with reliable dry and wet traction
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Funding Insights of Hankook Tire
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $364.8M
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First Round
First Round
(11 Aug 2011)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2011 | Amount | Post-IPO - Hankook Tire | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Hankook Tire
Hankook Tire has strategically engaged in corporate development activities, having acquired 5 companies. Notable acquisitions include 3SECONDZ, Hanon Systems and JAX Tyres & Auto. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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AI-based coaching and analysis for racing performance provided.
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2016 | ||||
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Provider of technology solutions for injection molded parts manufacturing
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1993 | ||||
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Thermal management systems are provided for automotive applications.
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1986 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Hankook Tire
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Hankook Tire Comparisons
Competitors of Hankook Tire
Hankook Tire operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Michelin, Pirelli, Goodyear, Bridgestone and Michelin North America, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Composites, tires, and components are manufactured for diverse industries.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of tyres
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| domain | founded_year | HQ Location |
Tires for vehicles and machinery are manufactured and supplied worldwide.
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| domain | founded_year | HQ Location |
Bridgestone is recognized as a global tire manufacturer.
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| domain | founded_year | HQ Location |
Manufacturer and supplier of tires
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| domain | founded_year | HQ Location |
Manufacturer and supplier of tyres
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Hankook Tire
Frequently Asked Questions about Hankook Tire
When was Hankook Tire founded?
Hankook Tire was founded in 1941 and raised its 1st funding round 70 years after it was founded.
Where is Hankook Tire located?
Hankook Tire is headquartered in Seoul, South Korea.
Who is the current CEO of Hankook Tire?
Seung Hwa Suh is the current CEO of Hankook Tire.
How many employees does Hankook Tire have?
As of Dec 31, 2024, the latest employee count at Hankook Tire is 6,460.
What is the annual revenue of Hankook Tire?
Annual revenue of Hankook Tire is $6.38B as on Dec 31, 2024.
What does Hankook Tire do?
Hankook Tire was established in 1941 in Seoul, South Korea, as a key player in the automotive tire sector. Tires for passenger, commercial, and racing vehicles are produced and distributed globally through extensive manufacturing facilities. Operations encompass research, development, and supply chain management to meet international standards. Leadership is provided by Seung Hwa Suh as CEO and Soo Il Lee as CEO President, overseeing strategic directions in the industry.
Who are the top competitors of Hankook Tire?
What products or services does Hankook Tire offer?
Hankook Tire offers iON evo, Ventus S1 evo3, Dynapro HP2, and Kinergy 4S2.
Is Hankook Tire publicly traded?
Yes, Hankook Tire is publicly traded on KRX under the ticker symbol 161390.
How many acquisitions has Hankook Tire made?
Hankook Tire has made 5 acquisitions, including 3SECONDZ, Hanon Systems, and JAX Tyres & Auto.
What is Hankook Tire's ticker symbol?
The ticker symbol of Hankook Tire is 161390 on KRX.
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