Hankook Tire Reports Strong Q3 2024 Performance

Hankook Tire & Technology reported an impressive Q3 2024, with sales reaching KRW 2,435.2 billion and an operating profit of KRW 470.2 billion, marking a 4.1% and 18.6% increase year-on-year, respectively . This growth is attributed to the company's strategic leadership under Chairman Hyunbum Cho, with a focus on innovative R&D and premium branding. Notably, Hankook Tire has expanded its high-performance original equipment (OE) sales, with 18-inch and larger tires increasing their market share by 1.4 percentage points to 44.8%. The company continues to invest in ultra-ultra-high-performance (UUHP) tire technology, supplying OE tires for over 280 models across approximately 50 brands, including high-performance and electric vehicle brands