Our first investment in Indonesia is strategically important to Hankook Tire as it cements our aggressive growth strategy in Southeast Asia. Our global production encompass 5 large- scale factories in Korea, China and Hungary. As one of the fastest growing tire companies in the world, Hankook Tire's US$1.1 billion investment in Indonesia will further catapult this status.
Indonesia's immense and growing consumer market, macro-sustainability and fantastic demographic dividend where some of the reasons why we chose to invest in Indonesia. However, we were also extremely encouraged by the Indonesian government's support and commitment during our initial fact-finding and feasibility stage. BKPM advised us
through every step of our investment decision process, which gave us the confidence to make the final decision to invest in Indonesia within a very short period of time. Hankook Tire is
keen to contribute to Indonesia's economic growth.
Seung Hwa Suh, Global CEO & Vice Chairman, Hankook Tire