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Home About Hankook Tire Company Corporate Governance Board of Directors

Corporate Governance

To sustain transparent and accountable corporate principles, Hankook Tire has embraced a corporate governance system which recognizes and deals with a wide range of ethical issues to better manage our company and make decisions that benefit all stakeholders.

To sustain transparent and accountable corporate principles, Hankook Tire has embraced a corporate governance system which recognizes and deals with a wide range of ethical issues to better manage our company and make decisions that benefit all stakeholders.

The Board of Directors was formed to provide guidance and deliberate on important company agendas, items stipulated by law or in the Articles of Incorporation, details entrusted by general meetings of shareholders, the basic policies of business operations and on essential practices related to business management. The Board of Hankook Tire also oversees the execution of directors’ duties and abides by Korean Commercial Law, which mandates that businesses with over two trillion won must possess a Board of Directors wherein half are non-executive directors.

The Board is comprised of five directors, which includes two executive directors and three outside independent directors, or non-executive directors (NEDs). Among them, the chairman of the Board of Directors is the CEO of Hankook Tire. The Board’s key activities include conducting regular or ad-hoc Board meetings, overseeing annual audits and effectuating change in management when required through Board resolutions.

The Board also operates four committees—the Audit, NED Nomination, Sustainability and Internal Transactions Committees. The Articles of Incorporation allows for the creation of additional committees as deemed necessary.

Executive Directors

Suh, Seung Hwa

Vice Chairman & Chief Executive Officer, Hankook Tire
  • Chairman of the Board of Directors
  • Chairman of the Sustainability Committee
  • NED Nomination Committee

Mr. Suh has been Vice Chairman & CEO of Hankook Tire since 2009. He joined the company in 1973 and has held a series of important positions, many of them in key overseas markets. He has a bachelor’s degree from the Hankuk University of Foreign Studies in Politics and International Relations.

Cho, Hyun Bum

President and Chief Corporate Strategy & Finance Officer, Hankook Tire Worldwide 
Chief Corporate Management Officer, Hankook Tire
  • NED Nomination Committee
  • Sustainability Committee

Mr. Cho is the president of Hankook Tire, a position he has held since 2011. He joined the company in 1998 and has held various positions including Head of the Marketing Communications Division. He earned his Bachelor’s degree in Economics from Boston College.

Independent Directors or Non-Executive Directors (NEDs)

Cho, Geun Ho

  • Chairman of the Audit Committee
  • Chairman of the Non-Executive Directors Nomination Committee
  • Chairman of the Internal Transactions Committee
  • LL.B. in Law, Seoul National University
  • LL.M. in Law, Harvard Law School
  • Director, Customs Department at the Ministry of Finance, Bureau of Securities, Treasury Bureau, and International Finance Bureau
  • Vice Minister, Ministry of Science and Technology
  • General Manager, Prime Minister’s Secretariat

Cho, Choong Hwan

  • Audit Committee
  • Chairman of the Non-Executive Directors Nomination Committee
  • Internal Transactions Committee
  • LL.B. in Law, Seoul National University
  • Director, Samsung C&T Co.
  • President, Korea Tire Manufacturers Association
  • Former Vice Chairman, Hankook Tire

Hong, Sung Phil

  • Audit Committee
  • Chairman of the Non-Executive Directors Nomination Committee
  • Internal Transactions Committee
  • LL.B. and LL.M. in Law, Seoul National University
  • LL.M. and J.S.D., Yale Law School, Yale University
  • Professor of Law, Ewha Womans University
  • Current Associate Dean at the Graduate School of Law, Yonsei University
  • Current Non-executive Director of Mando Corp.

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