Hankook's Lee joins panel with President Obama

Posted on May 20, 2014
Hankook Tire America Corp. President Byeong Jin Lee (left) meeting with President Obama at the White House for a SelectUSA Roundtable on investing in America. (Photo Credit: Reuters.)

Hankook Tire America Corp. President Byeong Jin Lee (left) meeting with President Obama at the White House for a SelectUSA Roundtable on investing in America. (Photo Credit: Reuters.)

Hankook Tire America Corp. participated on May 20, 2014, in the White House’s SelectUSA Roundtable on investing in America, demonstrating commitment to its continued growth in the U.S. market.

The Roundtable meeting with President Obama, Commerce Secretary Penny Pritzker, Senior Advisor Valerie Jarrett, and National Economic Council Director Jeff Zients was attended by Hankook Tire America Corp. President Byeong Jin Lee.

Hankook says it is one of the fastest-growing tire companies in the world and is building on its success and increasing its presence on the global stage. This is the second roundtable meeting with the president in which Hankook Tire has been invited to participate in within the span of one month.

Hankook Vice Chairman and Global CEO Seung Hwa Suh was invited to participate in the SelectUSA Global Road Show with President Obama during his visit to South Korea in April 2014.

Hankook announced its plans last year to locate its eighth global manufacturing plant in Clarksville, Tenn., and is expected to break ground by the end of this year with tire production beginning by 2016. Hankook says it will invest over $800 million for a new state-of-the-art plant and create 1,800 full-time jobs for the region.

“We look forward to building our first U.S. manufacturing plant, which will provide additional capacity for Hankook’s growing business in the U.S. market,” said Lee.

“By investing in America, we will continue to provide our U.S. customers, consumers and car makers with high quality tires and leading service.”

Related Topics: Byeong Jin Lee, Hankook Tire America Corp., President Obama, SelectUSA Roundtable

Comments ( 0 )
More Stories

Simple Tire Adds Another Delivery Option for Online Tire Buyers

Simple Tire LLC has added a third delivery option for customers of its online sales platform. They can ship their tires to any of the 1,800 FedEx Office locations in the U.S. But Simple Tire’s real goal is to redirect those customers to one of its installation partners.  


Pep Boys Expands in New York and New Jersey

Pep Boys — Manny, Moe & Jack, a wholly-owned subsidiary of Icahn Automotive Group LLC, has acquired an automotive and tire center in New York, and opened a new Pep Boys Service & Tire Center in Bordentown, N.J.  

The tall ceilings of Jeff Hall's Gardiners Road store give it a modern look and feel.

The Secret to Success for Midas in Canada: Tires

The owner of the two busiest Midas locations in Canada says offering an extensive tire inventory and more than a dozen tire brands has transformed his business. Consider Jeff Hall’s success a sign of what’s to come at Midas stores across North America.  


Six Hankook Tire Dealers Will Host Events for Veterans

Six tire dealers will help Hankook Tire America Corp. continue its partnership with the Disabled American Veterans (DAV) organization. Those dealers will host the group's Mobile Service Offices (MSO) at their stores so the DAV can reach out to veterans in those communities.  

Joe Venezia will lead Bridgestone's retail efforts at its 2,200-plus company-owned stores.

Bridgestone Retail Stores Have a New Leader

The 2,200-plus retail stores owned and operated by Bridgestone Americas Inc. have a new leader. Joe Venezia is the president of Bridgestone Retail Operations LLC (BSRO) effective June 19, 2017.  

Be the First to Know

Get the latest news and most popular articles from MTD delivered straight to your inbox. Stay on top of the tire industry and don't miss a thing!