Hankook Tire Reports Second Quarter Financial Report to Increase Truck R&D Investment

In the second quarter of 2015, sales volume of Hankook Tire amounted to 1.62 trillion won (approximately 1.458 billion U.S. dollars) and a profit of 2011 billion won (approximately 181 million U.S. dollars).

(Shanghai, China, August 3, 2015) Recently, Hankook Tire announced the second quarter 2015 performance report - global sales reached 1.62 trillion won (about 1.458 billion U.S. dollars), and profit was 2011 billion won (about 1.81 percent). One hundred million U.S. dollars).

Under the fierce competition in the tire market, the sales volume of Hankook Tire Ultra High Performance (UHP) tires continued to increase at the same time as the global sales in the second quarter of 2014. The growth rate reached 3.5%, accounting for approximately the second quarter of 2015. 34% of the total sales of car tires. Therefore, even if the Sino-South Korean exchange rate fluctuations and the sluggish market transactions hit the market, the sales price of tires will be lowered. As a direct result, global sales and profits of Hankook Tire fell slightly in the second quarter, but in Europe and North America, South Korea and South Korea Thai Tire's sales performance is still good, an increase of 12-14%.

Thanks to the expansion of new business, sales of Hankook Tire in the North American market will continue to grow strongly in the coming period. Therefore, in order to further enhance the market competitiveness, Hankook Tire will continue to further explore the European and North American markets and seek more opportunities for cooperation and development. In order to further consolidate its position as a global high-end tire manufacturer, Hankook Tire will also increase its R&D investment in ultra-high performance tires (UHPT) and passenger car tires in the OE high-end supporting field.

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