Hankook holding group names Park Jong-ho sole CEO

Tokyo – Hankook & Co., the parent company of Hankook Tire & Technology, has appointed Park Jong-ho its sole chief executive officer following the resignation of co-CEO Cho Hyun-bum.

In a 20 Feb regulatory filing, the Korean group said the previous structure consisted of two representative directors, Cho Hyun-bum and Park Jong-ho.

Following the change, Park will serve as the company’s sole CEO.

Park holds a degree in economics from Seoul National University and a master’s degree in economics from George Washington University.

He was appointed as co-CEO and president of the holding group in 2025 and previously served as president of Hankook Tire & Technology and held a non-executive director role at Hanon Systems.

The resignation comes months after the Seoul High Court reduced Cho’s prison sentence from three years to two in a case related to occupational embezzlement and breach of trust.

Cho joined Hankook in 2006 and reached the top CEO rank by 2018.

Post-restructuring in 2021, Cho stepped down from his position as CEO of Hankook Tire & Technology but continued to lead the parent group as chairman and CEO.

According to the filing, Cho resigned for “personal reasons,” effective 20 Feb.