Posted 2024-09-30 00:00:00 +0000 UTC
On November 22, according to local media reports in South Korea, on November 21, Zhao Xianfan, President and CEO of Han Tai tire company, was arrested on charges of bribery, which was confirmed by a local court staff in charge of the case. It is reported that South Korean prosecutors accused Zhao Xianfan of collecting about 500 million won (about 2.9843 million yuan) from suppliers for illegal interests and intercepting the funds through related companies. A court in Seoul, South Korea, issued an arrest warrant for Zhao Xianfan on the evening of November 21. As of the time of publication, no response has been made to this matter. According to the data, Hantai tire is one of the top ten tire manufacturers in the world. Its customers include,, and etc. Founded in 1941, the company is the first tire enterprise in South Korea, providing radial tires for passenger cars, light trucks (RV, etc.), vans, buses and special racing cars. Han Tai has five R & D centers and eight production bases around the world, with more than 20000 employees.
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