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Hankook & Company introduces Jongseon Ahn as new global innovation leader

Company Hankook & Company introduces Jongseon Ahn as new global innovation leader 2021. 04. 01 - Establish future business strategies and strengthen new business development to secure sustainable growth of Hankook & Company group - Will assume the role of COO who will be responsible for the overall management of Hankook & Company and ES Business Headquarters - Innovation management specialist who served as COO and CSO at Doosan Infracore in charge of the company's business management Seoul, Korea, April 1, 2021 – Hankook & Company, the holding company of Hankook Tire & Technology, introduced Jongseon Ahn as the new Chief Operating Officer (COO) to build the group's future strategies, discover new businesses opportunities and enhance the competitiveness of its core businesses. Jongseon Ahn will lead the group's future growth and smart energy solution business by taking charge of overall management of Hankook & Company and Energy Solution (ES) Business Headquarters. In particular, Jongseon Ahn will focus on discovering new growth engines, strengthening business competitiveness and maximizing management efficiency of the ES Business Headquarters as the merger process between Hankook & Company and Hankook AtlasBX is completed. Jongseon Ahn, who served as vice president as well as head of Heavy Business Group (BG) at Doosan Infracore, demonstrated excellent global sense in management while leading its strategic planning team, planning and coordination team, and sales headquarters. He also worked previously with Samsung Electronics, McKinsey and Doosan. At Doosan Infracore, he led the turnaround of the company's construction equipment business and set the ground for sustainable growth with his innovative management mindset and strong execution capabilities which proved his strength in handling high-pressure environment. Based on his long-established global business experience, Jongseon Ahn will put best effort to discover future growth engines of the group and realize sustainable growth while fostering Hankook & Company as a global smart energy solution company with the ES Business Headquarters at the core. With Jongseon Ahn's global leadership and solution-providing expertise, Hankook & Company plans to continue its support to realize the group's successful future strategy and sustainable growth. Hankook & Company will diversify its investment portfolio into mobility and future technology-based industries while continuing quantitative and qualitative investment to strengthen the global competitiveness of tires which is the company's core business. ◆ Background of Jongseon Ahn, COO of Hankook & Company and Head of ES Business Headquarters ◆ [Education] - 1998 University of Chicago (MBA) - 1991 Master's degree of Mechanical Engineering at Seoul National University - 1987 Bachelor's degree of Mechanical Engineering at Seoul National University [Major experiences] - Vice President and Head of Heavy Business Group (BG) - Executive Director of AM/PS Sales Headquarters - Executive Director of Planning and Coordination Office - Executive Director of Construction Machinery BG China Operation - Managing Director of IMO Strategy Team - Strategic Planning Director of Planning and Coordination Office - 2004~2005 Head of Department at Doosan - 2000~2004 Engagement Manager at McKinsey - 1993~1998 Researcher at Samsung Electronics Prev Hankook Tire debuts its first Trailer Tire, the Vantra Trailer 2021-04-06 Next Hankook & Company announces completion of merger with Hankook AtlaxBX 2021-03-31 List

Hankook & Company announces completion of merger with Hankook AtlaxBX

Company Hankook & Company announces completion of merger with Hankook AtlaxBX 2021. 03. 31 - To maximize synergy effect and enhance new growth engines by integrating capabilities in response to the rapidly-changing automotive industry - Hankook & Company to lead investments for discovering new business opportunities and bolstering competitiveness of key businesses - Hankook AtlasBX to transform into a smart energy solution company beyond a lead-acid battery maker Seoul, Korea, March 31, 2021 – Hankook & Company Co., Ltd., the holding company of Hankook Tire & Technology Co., Ltd., will complete the merger with Hankook AtlasBX Co., Ltd. by April 1 to officially announce its transformation into an operating holding company. Hankook & Company will bolster the competitiveness of key businesses while discovering new business opportunities. The two companies decided on the merger to seek new growth opportunities by integrating their capabilities and resources to maximize synergy amid the crisis in the auto industry. Currently, a rapid paradigm shift is being undergone in the auto industry, with COVID-19 pandemic, expansion of protectionism, slowed growth of the market and the replacement of internal combustion engine cars to eco-friendly cars. Hankook & Company plans to maximize business efficiency by implementing integrated management strategies for reducing management costs as well as engaging in efficient allocation and share of physical and human capital. The company hopes to create synergy by expanding the business, investing, securing new technologies, and facilitating M&A capacity using networks owned by the company. The merger will enable Hankook & Company to secure a stable investment source as an operating holding company. Hankook & Company will work to establish a flexible and rapid decision-making structure and actively lead the investment to strengthen its core business competitiveness and discover new businesses. The company also plans to build mid-to-long-term strategies to effectively respond to changes in the business environment, enhance management efficiency through smart resource management, and improve its competitiveness in a rapidly-changing global business environment by strengthening its integrated brand portfolio that leverages the global brand 'Hankook.' In the meantime, the business that Hankook AtlasBX Co., Ltd. was running will be able to operate more reliably through restructuring to Energy Solution (ES) Business Headquarters of Hankook & Company. Hankook AtlasBX has been steadily generating profits in the lead-acid battery business and leading the battery industry growth both qualitatively and quantitatively. Hankook AtlasBX was the first in Korea to unveil a maintenance free(MF) battery and its exceptional technology led to the successful development of an absorbent glass mat(AGM) battery. Upon the merger, Hankook & Company's brand value, networking, and M&A capabilities will be added to the solid foundation of Hankook AtlasBX business to expand its next-generation battery technology, manpower, and source of demand. Hankook & Company aims to become a 'Smart Energy Solution Provider' who pioneers the future energy era beyond a lead-acid battery producer. While continuing quantitative and qualitative investment to strengthen the global competitiveness of tires which is the company's core business, Hankook & Company will diversify its investment portfolio into mobility and future technology-based industries to contribute to enhancing shareholder value and implement shareholder return policies accordingly. Prev Hankook & Company introduces Jongseon Ahn as new global innovation leader 2021-04-01 Next Hankook Tire extends partnership with MLB 2021-03-31 List

Hankook & Company announces key executive appointments for 2022

Company Hankook & Company announces key executive appointments for 2022 2021. 12. 23 - Key appointment includes Hyunbum Cho as new Chairman of Hankook & Company (the Group), succeeding Yangrae Cho who is named Honorary Chairman - Executive-level appointments at Hankook Tire include 3 Executive Vice Presidents, 3 Senior Vice Presidents, and 14 Vice Presidents - Hankook's promotions reflect company's commitment to accelerating growth and innovation Seoul, Korea, December 23, 2021 – Hankook & Company, the holding company of Hankook Tire & Technology, announced a series of appointments reflecting the Group's commitment to accelerating growth and innovation in line with the fast-changing business environment. The new positions will be effective starting January 1, 2022. The announcement is headlined by the appointment of current CEO, Hyunbum Cho as Chairman of Hankook & Company. Current Chairman Yangrae Cho, who led Hankook Tire to become the sixth largest tire company in the world and elevated the brand's status as a leading global tire company, will serve as the Honorary Chairman of the Group. Chairman Hyunbum Cho first joined Hankook Tire in 1998, subsequently becoming the head of Marketing Division and Business Strategy Division. As CEO of Hankook Tire, Cho was instrumental in driving the company's growth in the global market and raising the premium image of the Hankook Tire brand. He led the way in securing large-scale investments in China, Hungary, and the US, expanding the company's portfolio of production capabilities to eight sites around the world. As a result, Hankook Tire recorded aggregate sales of 6.45 trillion won in 2020 and claimed the sixth spot on the list of largest tire brands in the world in the midst of a volatile economy brought on by COVID-19. Under Hyunbum Cho's leadership, Hankook Tire blossomed into an open, horizontal organization. He created an autonomous working environment fostering creativity and innovation, and strengthened the company's commitment to ESG by directly handling all related initiatives. He has also particularly shown his keen foresight for new growth engines and business opportunities, as more recently was demonstrated through the acquirement of a 57% stake in Preciseley Microtechnology Corporation, a Canadian micro-mechanical (MEMS) company in November. Cho's expanded role as Chairman of Hankook & Company allows him to continue strengthening core business competitiveness and lead the Group to the future. Hankook Tire in parallel announced the appointment of three Executive Vice Presidents, three Senior Vice Presidents, and fourteen Vice Presidents for 2022 who will be asked to continue leading the company through challenges headlined by the ongoing pandemic and a volatile global economy. Bonhee Ku is promoted to Executive Vice President, reflecting his contributions in leading the technological innovation at Hankook Tire including the development next generation EV and UHP tires. Sanghoon Lee, who currently leads the Europe Headquarters, also becomes Executive Vice President after recording a dramatic growth in UHP tire segment for Hankook Tire in the European region, which is also the largest market for the company. ■ Hyunbum Cho, Chairman, Hankook & Company [Senior Vice President] ► Born in 1972 ► Bachelor of Business Administration at Boston College ► Key Experiences ○ 2022 Chairman and CEO, Hankook & Company ○ 2022 Chairman, Hankook Tire & Technology ○ 2021 CEO of Hankook & Company and Hankook Tire & Technology ○ 2018 CEO of Hankook Tire and Hankook Tire Worldwide ○ 2013 COO of Marketing Staff Office & Corporate Management Staff Office, President of Hankook Tire< ○ 2012 COO of Corporate Management Staff Office, President of Hankook Tire ○ 2006 COO of Corporate Strategy Planning Staff Office, Vice President, Hankook Tire (2006) ○ 2011 Team Manager, Advertising & PR Team, Hankook Tire ■ Promotions (effective January 1, 2022) at Hankook Tire & Technology [Executive Vice President] ► Bonhee Ku, Chief Technology Officer ► Born in 1964 ► 2021 Senior Vice President & Manager of R&D Innovation 2020 Senior Vice President & Manager of Research & Quality 2016 Senior Vice President & Quality Division Director [President of Hankook Tire Europe Headquarters] ► Sanghoon Lee ► Born in 1966 ► 2020 Senior Vice President & Chief Operating Officer of Europe Headquarters 2017 Senior Vice President & Sales Department Director at Hankook Tire China Headquarters 2014 PC/LT Sales Department Director at Hankook Tire China Headquarters [Seongho Jeong, Chief Operating Officer of Safe Production & Engineering Staff Office] ► Born in 1961 ► 2021 Senior Vice President & Chief Operating Officer of Safe Production & Engineering Staff Office 2015 Vice President & Plant Managing Director of Chongqing Plant at Hankook Tire China Headquarters 2011 Vice President & CEO of Hankook Engineering Works 2009 Vice President & Plant Managing Director of Geumsan Plant [Senior Vice President] ► Hyungyun Kim, Plant Managing Director of Hungary Plant (MP) at Hankook Tire Europe Headquarters ► Moonwha Hong, OE Development Department, CTO ► Curtis Brison, President of Hankook Tire North America Headquarters (formerly Hankook Tire America) [Vice President A] ► Jongbaek Kim, Commercial Marketing Department, CMO ► Dongwook Kim, Design Innovation Department, CMO ► Seongho Kim, Advanced Research Department, CTO ► Heonjoon Kim, KAM Korea, Global OE Innovation Headquarters [Vice President B] ► Jungtae Kim, CTC Department, CTO ► Janghyuk Moon, Global Marketing Strategy Team, Chief Marketing Office ► Jongjin Park, Marketing Department, Hankook Tire North America Headquarters ► Byoungwon Ahn, Production Machinery Team, Safe Production & Engineering Division ► Hyungmin Yoo, Corporate Strategy & Innovation Department ► Seunghyung Lee, HR Team 1, HR Department, Corporate Management Staff Office, ► Wonhyuck Lee, Virtual Technology Project, Advanced Research Department ► Sungkook Cho, Geumsan Plant Manufacturing Department, Safe Production & Engineering Staff Office ► Changyool Han, Managing Director, United Kingdom Sales Subsidiary, Europe Headquarters ► Munhwan Heo, G.Project, Corporate Administrative Department Prev Hankook Tire wins 2021 Good Design® Award for its SUV/LT tires 2021-12-28 Next Hankook celebrates corporate anniversary with tire drift art 2021-12-13 List