Dollar Weakens as Middle East War Reshapes Global Rate Expectations 
China Holds Benchmark Loan Prime Rate Steady for Tenth Consecutive Month 
Federal Reserve Crisis: DOJ Standoff Threatens Powell's Succession and Rate Stability 
Palantir's Maven AI Earns Pentagon "Program of Record" Status, Reshaping Military AI Strategy 
Tesla FSD EU Approval Delayed to April 10 as RDW Completes Final Review 
Saudi Arabia Warns Oil Prices Could Surge Past $180 a Barrel Amid U.S.-Israel-Iran Conflict 
J.P. Morgan Now Expects Two ECB Rate Hikes Amid Inflation Pressures 
United Airlines Cuts Flights 5% Amid Soaring Fuel Costs From Iran War 
Micron Technology Beats Q2 Earnings Estimates, Issues Strong AI-Driven Outlook 
Trump Issues 48-Hour Ultimatum to Iran Over Strait of Hormuz, Threatens Power Grid Strikes 
Trump Signals End of U.S. Military Campaign Against Iran as Markets Rally 
Jeff Bezos Eyes $100 Billion Fund to Transform Manufacturing With AI 
U.S.-Iran War Escalates: Marines Deploy, Strait of Hormuz Closure Drives Global Oil Crisis 
Volkswagen CEO Urges Germany to Adopt China's Industrial Discipline Amid Major Restructuring 
Gold Prices Stabilize but Head for Worst Weekly Drop in Six Years Amid Iran War Inflation Fears 
Elon Musk Confirms SpaceX, xAI, and Tesla Will Continue Large-Scale Nvidia Chip Orders 
Super Micro Computer Shares Plunge After Co-Founder Charged in AI Chip Smuggling Case 
Hankook & Co. is acquiring 3Secondz, a local autonomous driving tech firm. The deal is expected to help the South Korean tire maker discover new business opportunities in the future.
Hankook & Company revealed on Tuesday, March 7, that it has bought the autonomous driving technology unit of 3Secondz company that specializes in the driving data business. According to The Korea Economic Daily, the acquisition is part of the tiremaker and mobility firm’s efforts in expanding its presence in the fast-growing artificial intelligence (AI) and mobility business sector.
Moreover, the company is also looking for new ways to earn by venturing into other businesses outside of tire manufacturing. By having 3Secondz under its wing, Hankook & Co. will be able to use its autonomous driving technology for its driving tests.
It will allow the company to gather more driving data without drivers, plus this system is also beneficial for tire and vehicle development. Once the acquisition is closed, the officer in charge of 3Secondz’s autonomous driving technology development is set to join Hankook & Co.
"The acquisition will help Hankook lead the artificial intelligence-related technology in the mobility field," Hankook & Company’s chief digital officer and head of the digital strategy, Kim Sung Jin, said in a statement.
Jin added that they are also expecting the deal to create strong synergies in different business areas in the future. Finally, Business Korea reported that through Hankook & Co. and 3Secondz’s partnership, the companies would speed up the development of innovative technologies to actively lead the future mobility market, including autonomous driving and advancement of the tiremaker’s Hankook Technoring control solutions.
"We are excited that this acquisition will enable Hankook & Company to lead AI-related technologies in the mobility field,” Kankook’s chief development officer and chief information officer, Seong Jin Kim, said. “We are looking forward to creating strong synergies with 3Secondz in various future businesses."
