Press Release

New Managing Director at Hankook’s European plant in Hungary
  • Corporate

New Managing Director at Hankook’s European plant in Hungary

Hankook Tire has appointed Hyung Yun Kim as the new Managing Director of its European factory in Hungary. Mr Kim succeeds Seong Hak Hwang, who had been managing the production site in Rácalmás since 2017 and will take up a new role within the company.

Neu-Isenburg, Germany, 22nd January 2021 - Mr Kim (58) achieved his BSc in Chemistry at Inha University in Korea, and later his MSc in Physical Chemistry at the same institution. He first joined Hankook in 1991. Since then, Mr Kim has held various managerial roles within the company, giving him a wealth of knowledge and experience going into his new role. Most recently he led the Production Planning Division at Hankook Tire’s global headquarters in Korea.

Mr Kim is delighted to take over the responsibility of leading the European plant of the company. With a production capacity of up to 19 million tyres a year and around 3,000 employees, the facility is considered a key to Hankook’s European operations. Since laying down the foundation stone in July 2006, the factory has been continually expanded and updated, representing a total investment of around EUR 900 million. Mr Kim is committed to maintaining the high standards that his predecessors set. He also wants to continue to strengthen Hankook's position in the European market with the latest technological innovations and a premium portfolio.

“We welcome Mr Kim in his new position here in Europe,” says Sanghoon Lee, President of Hankook Tire Europe. “The European Hankook factory is the heart of our company on the continent and a success story ever since it began production in 2007. With his profound technological expertise and long-term business experience, our new factory MD will continue our success, paved by his predecessors, together with our proud employees.”

“I am excited to join Hankook’s factory in Hungary; I believe the site contributes to a great extent to the global success of the company. My fundamental goal is to further advance the Rácalmás plant’s role as the manufacturing facility of the company in Europe. I am confident about the future prospects of the factory and looking forward to explore the opportunities the automotive industry holds,” Mr Kim added.

Seong Hak Hwang successfully managed Hankook’s European plant during his years as Managing Director of Hankook Tire Rácalmás. Thanks to Mr Hwang’s expertise and efforts, the plant is running at full capacity despite the disruptions due to the coronavirus pandemic. A number of major Original Equipment (OE) co-operations were introduced under his leadership and thanks to his efforts the Hungarian plant now supplies almost 900 size and model variations to the market, including manufacturers of popular and premium automobile brands such as Audi, BMW, Fiat, Ford, Hyundai, Kia, Mercedes-Benz, MINI, Opel, Peugeot, Porsche and Volkswagen Group including VW, Skoda and Seat.

Hankook Tire manufactures globally innovative, award winning radial tyres of proven superior quality for passenger cars, light trucks, SUVs, RVs, trucks, and buses as well as motorsports (circuit racing/rallies).

Aspiring to bring consumers the utmost excellence in product quality, technological excellence and driving satisfaction, Hankook Tire continuously invests in research and development maintaining five R&D centres and eight production facilities around the world. Bespoke tyre solutions for the European markets as well as European Original Equipment according to the requirements of leading premium car manufacturers, are developed in the company’s regional Technical Centre in Hanover/Germany. Production for the European region is taking place in the state-of-the-art manufacturing site in Rácalmás/Hungary which was inaugurated in June 2007 and is continuously being expanded. Currently around 3,000 employees produce up to 19 million tyres a year for passenger cars, SUVs and light trucks.

Hankook Tire’s European headquarters are located in Neu-Isenburg near Frankfurt am Main in Germany. The manufacturer operates further branches in Czech Republic, France, Germany, Hungary, Italy, the Netherlands, Austria, Poland, Russia, Serbia, Spain, Sweden, Turkey, UK and Ukraine. Hankook products are sold directly through regional distributors in other local markets. Hankook Tire employs approximately 20,000 people worldwide and are selling their products in over 180 countries. Internationally leading car manufacturers rely on tyres made by Hankook for their original equipment. Approximately 34 percent of the company's global sales are generated within the European and CIS-Region. Hankook Tire has been represented in the renowned Dow Jones Sustainability Index World (DJSI World) since 2016.

For more information please visit www.hankooktire-mediacenter.com or www.hankooktire.com


Hankook Tire Europe GmbH | Corporate Communications Europe/CIS | Siemensstr. 14, 63263 Neu-Isenburg | Germany

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New Managing Director at Hankook’s European plant in Hungary

With a production capacity of up to 19 million tyres a year and around 3,000 employees, the facility in Rácalmás, Hungary, is considered a key to Hankook’s European operations.

File size: 4 MB

New Managing Director at Hankook’s European plant in Hungary

Hyung Yun Kim, new Managing Director of Hankooks European factory in Hungary.

File size: 3 MB

New Managing Director at Hankook’s European plant in Hungary

Hyung Yun Kim, new Managing Director of Hankooks European factory in Hungary.

File size: 2 MB