Hankook Tire's operating profit rose 6.7% in 2010

Hankook Tire recently announced that its annual sales in 2010 exceeded 5.4 trillion won (approximately US$4.65 billion), an increase of 11.5% year-on-year. Operating profit increased by 6.7% year-on-year to 580.8 billion won.

Hankook Tire was able to achieve such impressive sales performance in 2010, first and foremost due to the rising sales of emerging markets. Hankook Tire's sales in Latin America and the CIS increased by 64.7% and 49.7% respectively year-on-year. At the same time, North America, Europe, and Asia Pacific continue to maintain their strong and stable position as long-term strategic markets. In mature markets such as the United States and Canada, Hantai Ultra High Performance Tyres (UHP) has gained more and more authoritative media and consumers. Recognized, the market demand continues to increase, and annual sales increased by 42.2% year-on-year.

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