Cerebras Revenue Forecast Tops Expectations, but Margin Concerns Weigh on Stock 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
South Korea’s KOSPI Rebounds as Samsung and SK Hynix Lead Tech Stock Recovery 
Tesla and NatPower Partner on $5 Billion Battery Storage Expansion in Europe 
Trump Orders DOJ Investigation Into Exxon, Chevron Over High Gas Prices 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
Samsung and SK Hynix Shares Jump After Micron Earnings Boost AI Chip Optimism 
NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets 
Asian Stocks Slip as Oil Rebounds Amid Fed Rate Hike Fears 
WiseTech Global Denies Knowledge of Investigation Into Founder Richard White 
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results 
SK Hynix Moves Closer to New York ADR Listing Amid AI Chip Boom 
Wall Street Ends Mixed as Tech Stocks Struggle Ahead of Micron Earnings 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Oil Prices Fall as Iran Peace Talks Progress, Hormuz Reopens, and U.S. SPR Hits 1983 Low 
Hankook Tire & Technology inaugurated its newly-built tire test track that the company calls the proving ground. It opened in Taean, South Chungcheong Province, on Wednesday, May 26.
According to The Korea Times, the tire test center is the largest track facility in Asia, and its size is equivalent to about 125 football fields. The ground has a total of 13 tracks, and the lot area measures 1.26 million square meters.
The Hankook Technoring proving ground will offer high-speed driving tests for cars running at over 250 kilometers per hour speeds. The goal of opening the facility is to develop innovative tire products that will allow the company to compete against its rivals on the global stage.
It was added that performance tests for various types of tires are required for developing cutting-edge products such as the ones suitable for electric vehicles or EVs and high-performance vehicles. Almost all the tests are possible at the Hankook Technoring ground, where 50 cars could be tested at the same time at the facility.
Aside from cars, trucks, buses, and other types of vehicles could also be driven here to evaluate tire performance using state-of-the-art devices. There are also high-tech control towers, workshop areas, EV charging stations, and office buildings in the track center.
"Tires, being the only media in a vehicle that makes contact with the road surface, is the key for maximizing vehicle performance, providing safety, satisfying fuel efficiency, and driving comfort," Hankook & Company's chief executive officer, Cho Hyun Bum, said in a press release. "This is why we at Hankook recognize the need for various testing grounds to ensure the best product quality in all conditions."
He further said during the inauguration, "Recently, innovative changes in the automobile industry such as autonomous driving and EV are taking place rapidly, we are also keenly aware of the fact that we could be eliminated unless we try to innovate."
Finally, with the opening of Hankook Technoring, the tire firm said it is prepared to build synergy with its other infrastructure, including Hankook Technoplex and Hankook Technodome research and development center for mid to long-term business strategy.
