April 24, 2024

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[THE INVESTOR] Hankook Tire said on Sept. 27 it has obtained global technology approval to supply its tires to racing cars that will compete in the 2020-23 Formula 1 season.

In August, Hankook Tire joined the bid to supply tires to the F1 race and achieved approval from the Federation Internationale de l’Automobile on its tire-manufacturing knowhow, the company said in a statement. 

The recognition will help improve the brand image of Hankook Tire, as F1 machines equipped with its high-performance tires will run in the high-profile races, it said.

Hankook Tire has supplied its racing tires to Germany’s Deutsche Tourenwagen Masters, 24 Hours of Le Mans and the FIA Formula 3 European Championship.

By Song Seung-hyun and newswires (ssh@heraldcorp.com)