From its humble beginnings in 1941 as Korea's first tire company, Hankook Tire has grown into the sixth largest tire company in the world, one that continues to create new possibilities and overcome new challenges. As part of the 80th Anniversary of our founding in 2021, we started building production facilities in Chongqing, China, and Bekasi, Indonesia, greatly strengthening our capacity for growth.
In addition, Hankook Tire was named the official tire for Deutsche Tourenwagen Masters (DTM) in Germany, the largest motorsports competition in the world, and began the groundwork for yet another research center with technologically advanced equipment in 2014. For the future, our aim is to reinforce our global competitiveness by strategically investing in a skilled labor force to expand R&D.
In addition, Hankook Tire was named the official tire for Deutsche Tourenwagen Masters (DTM) in Germany, the largest motorsports competition in the world, and began the groundwork for yet another research center with technologically advanced equipment in 2014. For the future, our aim is to reinforce our global competitiveness by strategically investing in a skilled labor force to expand R&D.
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Hankook Tire will be 'The Future Driving Innovator' by realizing the most important value of customer and presenting better life through innovation. Hankook Tire is a global corporation that has consistently met the challenges of the future, always a step ahead of changes in the world economy. We have anticipated and prepared for what lies ahead, taking the lead in fostering new growth when important opportunities arise.
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. Transparent corporate governance is a prerequisite to make fair and responsible corporate decisions that properly reflect the interests of all stakeholders.
At Hankook Tire, we pride ourselves as a reliable contributor to the future advancement of the automobile industry, and are dedicated to a vision of delivering high quality tires to our partners and becoming the world's most reputable tire brand. The performance of an automobile is directly related to the performance of its tires.
Through strong braking power, smooth handling, driving comfort and guaranteed safety, our technological expertise delivers an authentic driving experience beyond simple mobility. At Hankook Tire, our aim is to provide a more safe, pleasant, and comfortable driving experience from the moment the driver starts the engine.
Hankook Tire has a proven history of finding unique ways to increase competitiveness. Based on our entrepreneurial spirit and desire to surmount difficult challenges, we have developed a strong foundation of growth and innovation that have shaped the company into a leading global tire brand. Throughout our entire production process, Hankook Tire's productivity and efficiency in all processes are extraordinary.
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