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Hankook Breaks Ground on R&D Center

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Hankook-Tire-R-D-ResearchHankook Tire broke ground on the construction site of a new research center – “Hankook Technodome” – in Daejeon, Korea, today.

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The tiremaker plans to invest $266 billion won on the R&D center, which is scheduled to complete construction in 2016.

The facility is the tiremaker’s seventh research center and will play a bridging role between Hankook’s headquarters and overseas research facilities, the tiremaker said. The facility will also help the tiremaker become a top tier brand, it said.

The R&D center will focus on developing eco-friendly and high-end products, Hankook said.

“We strongly believe that acquiring more robust, more advanced R&D capabilities is a crucial step in our growth formula towards becoming a global top-tier tire brand,” said Seung Hwa Suh, Hankook vice chairman and CEO. “The Hankook Technodome has been designed to reflect our confidence in R&D and will be a meaningful milestone in Hankook Tire’s history. In addition, combined with our proactive corporate culture, the high-tech R&D facility will provide a great foundation for us to realize a management structure based on quality and progressive leadership.”

hankooktechnodome-001Hankook is also planning to develop an eighth research center in the North Gyeonsang Province. This center, set to complete in 2018, will feature a testing center with 10 driving circuits.

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