Retail

Hankook is 'on track' for more growth

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"Hankook Tire remains on track to meet our targets this year" thanks to an expanding global presence, says Hankook Chief Strategy and Financial Officer Hyun Bum Cho.

The company's increasing business in China and Europe "provides us with a strong base for expanding both sales and the reputation of the (Hankook) brand.

"Investment in research and development remains a key driver of long-term competitive advantage, but it is our ability to effectively manage increased costs through internal efficiencies and solid pricing strategies that enables (us) to maintain profitability in the short- to mid-term."

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