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Hankook Tire increases contributions to public welfare





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Hankook Tire increases contributions to public welfare

Hankook Tire staff donate a car to a community wellness center in Seoul's Eunpyeong District on September 29.  Courtesy of Hankook Tire
Hankook Tire staff donate a car to a community wellness center in Seoul’s Eunpyeong District on September 29. Courtesy of Hankook Tire


By Kim Jae-heun

Hankook Tire & Technology (Hankook Tire) undertakes various social contribution and donation projects to fulfill its corporate responsibility and live up to its reputation as the world’s leading tire manufacturer.

Under the slogan “Driving to Happiness”, Hankook Tire goes beyond cash donations to use both its business capabilities and technology to reach local communities, including children.

Its “Vehicle Sharing” project supplies small cars to some fifty social welfare organizations across the country that the manufacturer selects each year. Since 2008, Hankook Tire has supplied 627 vehicles nationwide over the past 14 years. This year, to celebrate the 80th anniversary of its founding, Hankook Tire donated 78 compact cars and two electric vehicles.

Its “Tire Sharing” project replaces the old tires of vehicles used by welfare organizations to ensure the safety of children who use their facilities.

Since 2016, Hankook Tire has also been raising money for a community housing project fund in collaboration with the charity group, Sharing for Future, to provide housing to the needy. This is the country’s first private sector-led financing project for social housing.

The Social Housing Project was designed as a sustainable and scalable social contribution project to provide affordable housing to socially disadvantaged people. Funds for the project started at 3 billion won in 2016 and have now reached 14.1 billion won.

In December 2014, Hankook Tire established a charitable subsidiary called “Korea Circle Partners” to help people with disabilities. It offers people with disabilities the opportunity to become more independent. Most of the employees there are visually or hearing impaired.

Employees with disabilities work as support staff in the Hankook Tire administrative office as well as in cafeterias and laundry services. The tire maker said it would continue to improve the quality of jobs for people with disabilities.

All of these efforts paid off for Hankook Tire, which was included in the “Dow Jones Sustainability Indices World Index” for the fifth year in a row, and was the only Asian auto parts company to be included in the index in 2020.


















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