Hankook Tire Named One of the 'World's Best Companies' by TIME Magazine
Hankook Tire & Technology, a leading Korean tire manufacturer, has been named one of the 'World's Best Companies 2024' by the American weekly news magazine TIME. This announcement is the result of a comprehensive evaluation of companies worldwide based on their business performance and sustainability.
Each year, TIME, in collaboration with global market research firm Statista, analyzes companies' revenue growth rates, employee satisfaction, and Environmental, Social, and Governance (ESG) management performance. In this evaluation, Hankook Tire was recognized for its superior technological prowess and brand competitiveness in the global market, standing shoulder to shoulder with other world-class companies.
In particular, Hankook Tire is recording a high market share in the global electric vehicle market through its dedicated EV tire brand, 'iON.' Furthermore, the company's active implementation of eco-friendly management, such as the use of sustainable raw materials and the reduction of carbon emissions, appears to have been positively evaluated during the selection process.
This achievement serves as an example of a Korean company simultaneously realizing technological innovation and sustainable management in the global market. Many are now focusing their attention on what innovative steps Hankook Tire will continue to take in the global tire market.