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MarketScreener Homepage  >  Equities  >  Korea Stock Exchange  >  Hankook Tire & Technology Co., Ltd.    A161390   KR7161390000

HANKOOK TIRE & TECHNOLOGY CO., LTD.

(A161390)
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CEO of South Korea's top tyre maker arrested on bribery charges

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11/21/2019 | 08:53am EDT

Cho Hyun-bum, chief executive of Hankook Tire & Technology, South Korea's top tyre maker, was arrested on Thursday on charges that include allegations of taking bribes, a court spokesman said.

Hankook Tire declined to comment. Hankook was not able to provide details of Cho's lawyer.

Family-controlled Hankook Tire is one of the world's top 10 tyre makers, whose customers include Hyundai, Ford and Volkswagen.

A court in Seoul had issued the arrest warrant for Cho late on Thursday. Yonhap News Agency reported that prosecutors charged him with taking around 500 million won ($425,778.32) in kickbacks from suppliers and misappropriating funds at affiliates.

(Reporting by Hyunjoo Jin. Editing by Keith Weir and Jane Merriman)

Stocks mentioned in the article
ChangeLast1st jan.
ANHUI JIANGHUAI AUTOMOBILE GROUP CORP.,LTD. -2.29% 9.38 End-of-day quote.86.85%
HANKOOK TECHNOLOGY GROUP CO., LTD. 0.00% 14300 End-of-day quote.-0.69%
HANKOOK TIRE & TECHNOLOGY CO., LTD. 8.10% 27350 End-of-day quote.-18.48%
WORLD CO., LTD. 5.00% 1303 End-of-day quote.-51.58%
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Financials
Sales 2020 6 110 B 5,11 B 5,11 B
Net income 2020 322 B 0,27 B 0,27 B
Net Debt 2020 608 B 0,51 B 0,51 B
P/E ratio 2020 10,4x
Yield 2020 1,80%
Capitalization 3 375 B 2 825 M 2 825 M
EV / Sales 2020 552x
EV / Sales 2021 509x
Nbr of Employees 21 000
Free-Float 56,5%
Chart HANKOOK TIRE & TECHNOLOGY CO., LTD.
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Technical analysis trends HANKOOK TIRE & TECHNOLOGY
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 22
Average target price 28 227,27 KRW
Last Close Price 27 350,00 KRW
Spread / Highest target 31,6%
Spread / Average Target 3,21%
Spread / Lowest Target -30,5%
EPS Revisions
Managers
NameTitle
Hyun Bum Cho Co-President, Co-CEO & Director
Soo-Il Lee Co-President, Co-CEO, COO & Director
Jong-Ho Park Vice President, Head-Finance & Economy
Heon-Jun Kim Managing Director & Head-G.OE Technology
Choong-Hwan Cho Independent Director
Sector and Competitors