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Hankook announces restructuring; appoints executives

Hankook announces restructuring; appoints executives

Aiming at to be a global top-tier tyre manufacturer, Hankook Tire and Hankook Tire Worldwide announced its organisation restructuring and new executive appoint.

The changes will take effect on January 2019.

Hankook Tire Worldwide will create an IT Strategy Department to accelerate digital transformation such as a group IT policy function as a global company and to innovate corporate structure.

Part of restructuring, Hankook Tire will set up a Car Life Business Headquarters to secure new growth engines, strengthening the provision of automobile total services as well as the sales of tyres for passenger cars and truck buses. In particular, it will create further synergies by expanding business areas in automotive maintenance, repair and related parts through import car dealer business.

In terms of global organization, Hankook Tire will establish overseas branches in Australia, Indonesia, UAE and Vietnam as well as a regional head office in Asia-Pacific, Africa & Middle East region. It will also establish offices in Taipei (Taiwan) and Belgrade (Serbia), creating a basis for a balanced regional growth.

The Production & Engineering Staff Office plans to strengthen the organisation by creating a future technology development team that can cope with global digital trends and new technologies and also strengthen its quality and R&D organisation in order to cement collaboration between each divisions.

Based on the organisational restructuring, three senior vice presidents, eleven vice presidents were also promoted.

Jeongrock Yoon, who has been promoted to a senior vice president, will focus on the production efficiency of the Daejeon plant as a specialist with experience from the construction of a new plant to the stabilization of production, as a plant managing director at the Hungary plant, Geumsan plant and the Tennessee plant.

Senior vice president Hyunjun Cho is a global marketing specialist, including tyre business for overseas new cars, and plans to boost the premium brand value by expanding the supply of global premium new car tyres.


Seonghak Hwang, the senior vice president, who had worked as a plant managing director of Jiaxing plant and the head of the OE development team at the Chinese headquarters, is expected to be able to maximize the synergy between R&D and manufacturing. In particular, as the plant manager of the Hungary plant, which is the outpost of the European market, Hwang will focus more on the steady provision of tires to the global premium new car supply and replacement market, in line with the company’s continued growth in the European market.

Hankook Tire also appointed Seyoul Ryu as the head of the IT Strategy Department who had worked as an executive director of Hyundai AutoEver ICT business division and as a general manager of SAP KOREA.

Ryu is an ERP specialist based on various innovation/PI project experiences and he will lead the fourth industrial revolution and the group’s entire digital innovation.


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