Hankook Tire's second quarter profit soared

    Hankook Tire Corporation announced its second quarter results report recently: Global sales increased strongly to 1.84 trillion won (about 1.6 billion US dollars), an increase of 18.5%; operating profit of 215.5 billion won (approximately 187 million US dollars), year-on-year A substantial increase of 112%. Hantai said that the rapid growth in the second quarter was mainly attributable to the continued investment and expansion of Hankook's production bases, including its Hungarian factory, and its efforts to promote the value of global brands in the strategic market.

    It is understood that in the second quarter global sales of Hantai Ultra High Performance (UHP) tires once again broke the record, an increase of up to 22.2% year-on-year. Among them, the North American market and overseas OE matching market saw the largest increase, which was a year-on-year increase of 30% and 38.3% respectively.

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