Hankook Tire’s New Iconic R&D Center: High-Tech Facility Combined with Design Innovation

  Hankook Tire’s New Iconic R&D Center: High-Tech Facility Combined with
  Design Innovation

  *High-tech, latest R&D facility to be integrated with innovative building
    designs in cooperation with Foster+Partners
  *The new R&D center to further enhance research capabilities, driving
    towards becoming the top-five global tire company

Business Wire

SEOUL, South Korea -- January 8, 2013

Hankook Tire, the leading and one of the fastest growing tire companies in the
world, has recently unveiled its plan for construction of the company’s new,
high-tech central R&D facility in Korea. For this project, Hankook Tire has
contracted a partnership agreement with the world’s high-profile architectural
firm, Foster+Partners, for architect and interior design of the building.

On January 7^th, Hankook Tire and Foster+Partners held a signing ceremony in
Daejeon, Korea, in commemoration of the new partnership for this project.

Hankook Tire’s new R&D center is projected to be equipped with the high-tech,
future-oriented facilities, such as a seven-story tire auto-stacking system
and smart information system. Through such a latest and state-of-the-art
research facility, Hankook Tire aims to provide the best suited research
environment for its researchers, therefore securing the premium product
quality and extending sustainable growth of the company into the future.

Foster+Partners, founded by the prominent British architect Sir Norman Foster,
is a high-profile architectural firm in the field, famous for its high-tech,
future-oriented architectural designs and glass-and-steel buildings. Based in
London, Foster+Partners has undertaken various important international
large-scale projects, such as Millennium Bridge, London City Hall, Swiss
Reinsurance, Great Court at the British Museum, Hong Kong & Shanghai Bank
Headquarters, and New York Hearst Tower.

Mr. Hyun Bum Cho, President & CMO/CCMO (Chief Marketing Officer / Chief
Corporate Management Officer) at Hankook Tire said “Upon completion of the new
R&D facility, Hankook Tire will be able to further strengthen research
capabilities to develop cutting-edge tire technology.” He also added, “The new
R&D center will enable us to accelerate the introduction of new tires with
even more advanced features, fulfilling our customers demand for better,
premium quality products. The new research center will become Hankook Tire’s
vital growth driver towards becoming the top-five tire company in the world.”

Hankook Tire’s new R&D center, covering the total area of 99,175 m^2, will be
located at Daedeok Innopolis, the country’s premier research complex in
Daejeon. The construction of the new facility is projected to be completed by
the end of 2015.

About Hankook Tire Co., Ltd

Hankook Tire (Vice Chairman & CEO: Seung Hwa Suh) is the leading and one of
the fastest growing tire manufacturers in the world. It produces innovative,
superior quality and high performance radial tires for passenger cars, 4x4s,
SUVs, light trucks, campers, trucks, buses and motorsports. Aspiring to bring
consumers the utmost excellence in quality and driving satisfaction, Hankook
Tire consistently invests in research and development through its five global
R&D centers. Hankook Tire products are currently available worldwide in over
180 countries.

For more information, please visit Hankook Tire’s global web site at
www.hankooktire.com.

Contact:

Hankook Tire
Corporate Communications Team
Haekang Kim, +82-2-2222-1353
Assistant Manager
hkim@hankooktire.com
or
Synergy Hill + Knowlton Strategies (PR Agency in Korea)
Andrew Sung, +82-2-2287-0923
Account Director
andrew.sung@hkstrategies.com
or
Alicia Kang, +82-2-2287-0939
Account Executive
alicia.kang@hkstrategies.com