Korea & Company Reports Q3 Operating Profit of 66.3 Billion KRW, Up 10% YoY
[Asia Economy Reporter Ki-min Lee] Hankook & Company, the holding company of Hankook Tire & Technology, announced on the 16th that its sales and operating profit for the third quarter of this year increased by 10.4% and 10%, respectively, reaching 243.9 billion KRW and 66.3 billion KRW.
Hankook & Company has announced 'STREAM,' an acronym derived from the initial letters of the group's core business areas: ▲Eco-friendly battery business and renewable energy (Smart Energy) ▲Tire & related core industries (Tire & Core biz) ▲Diversification of future technology utilization businesses (Rising Tech) ▲Electrification parts, technology, and solutions (Electrification) ▲Automation including robotics and logistics (Automation) ▲Overall mobility industry (Mobility), and is conducting various projects accordingly.
In September, to discover new growth engines, the company formed the 'Smart STREAM-WE Untact Fund No. 3' through collaboration with startup incubation, venture investment, venture funds, and venture capital (VC). Additionally, this month, it made its first investment in 'Mobiltech,' an AI spatial information startup.
AtlasBX batteries from Hankook & Company's ES Business Division rank 9th globally in lead-acid battery production capacity, and the company is expanding its domestic and international production and sales networks, including establishing a new factory in Clarksville, Tennessee, USA, to accelerate global growth.
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A representative from Hankook & Company stated, "We plan to lead investments to discover core and new businesses to strengthen future competitiveness."
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