Hankook Tire vice chairman and CEO Seung Hwa Suh (left) and Daejeon Metropolitan City Mayor Mr. Hong-chul Yum (right) sign an MOU for the relocation and expansion of the company's Main R&D Center in Korea.
DAEJEON, Korea — Hankook Tire has announced it is building a new research and development center in Korea, which at 66,000 square metres will be the largest R&D center in the country.
The new facility will be completed in 2013 and will house Hankook’s Research and Development division. Its current R&D center will be used for production technology research and tire testing, the company announced.
“The driving force for Hankook Tire’s continuous growth is our investment in technical expertise at the global level and our consistent focus on research and development,” said Seung Hwa Suh, vice chairman and CEO of Hankook Tire. “Hankook is aiming to become the world’s fifth largest tire company, and the expansion of the main R&D Center will help us in achieving this goal. Strengthening our technical prowess will ensure we continue to provide high quality products to our global customers.”
The company also said the new R&D center will have a focus on developing sustainable technologies and compounds.
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