[Special Stock] Hankook Tire Rallies on Shareholder Return Hopes... Hits Record High

Hankook Tire & Technology surged on expectations of shareholder returns, hitting a new 52-week intraday high.

As of 9:12 a.m. on July 18, Hankook Tire & Technology was trading at 47,550 won on the Korea Exchange, up 1,900 won (4.16%) from the previous day. During the session, the stock climbed as high as 47,850 won, setting a new 52-week high.

Lim Eunyoung, a researcher at Samsung Securities, stated, "There are expectations for an announcement of a shareholder return policy in the second quarter earnings release." She added, "The dividend payout ratio for 2025 to 2027 is expected to be raised from the previous 20%. If the payout ratio is increased to 35% in line with the separate taxation policy for dividend income, the dividend per share (DPS) for 2025 could reach 3,400 won, resulting in a dividend yield of 7.5%." Samsung Securities raised its investment rating on Hankook Tire & Technology from 'neutral' to 'buy', and increased its target price by 33% to 60,000 won, citing a higher likelihood of an increased payout ratio and a reduction in the governance discount.