Cho Yang-Rai was born in Seoul, South Korea, South Korea, is Hankook Tire. Cho Yang-Rai is #1970 in List Billionaires People In The World. Cho Yang-Rai chairs Hankook Tire Worldwide, whose affiliate, Hankook Tire, is the world's 7th-biggest tire manufacturer. It's broken into the high-end market by supplying Mercedes-Benz since 2013 and BMW's new 7-series sedans in 2016. Its next target will be ultra-high-performance cars such as Ferrari. In 2016, it opened its first U.S. plant, in Tennessee. Cho inherited the business from his father, Cho Hong-Hai, who took over a ruined tire shop during the 1950s shortly after the end of the Korean War.