South Korea's Hankook Tire Co. (000240.SE) has signed a contract to supply tires to Germany's Mercedes-Benz, the Korea Economic Daily reported Wednesday, citing unnamed industry sources.

The deal materialized after two years of negotiations with Daimler AG (DAI.XE), the parent company of Mercedes-Benz, the report said.

The South Korean tire maker aims to have its tires in all Mercedes-Benz models, the report added.

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