Hanwha Land Systems, a defense industry affiliate of Hanwha Group, has absorbed its subsidiary Hanwha Defense and changed its name to Hanhwa Defense.In October last year, Hanwha Group decided to merge Hanwha Land Systems and its subsidiary Hanwha Defense to create a bigger company.Hanwha Land System
The Hanwha Group is set to additionally invest 530 billion won (US$478.99 million) to expand its chemical facilities. The move comes amid growing concerns over an oversupply of petrochemical raw materials.Hanwha Total Petrochemical Co. announced on Dec. 4 that it has decided to expand its Daesan int
A father-so-son transfer of managerial control appears to be imminent at the Hanwha Group.The group announced a restructuring plan on Oct. 22, which analysts believe is intended to speed up the transfer of the group's management rights from chairman Kim Seung-yeon to his sons.Under the plan, Han
As Hanwha Group has been simplifying its governance structure, market watchers are wondering how its solar power business, which has been led by Kim Dong-kwan, the eldest son of group chairman Kim Seung-youn and chief commercial officer (CCO) of Hanwha Q Cells Co., will be reorganized.Hanwha Group h
The Hanwha Group announced on July 18 that the United Nations introduced the Hanwha Solar Forest Project as a best practice case of corporate partnership-based sustainable growth, which is to reverse desertification by means of eco-friendly forestation.Hanwha's forestation project was introduced
The Hanwha Group has selected the collaborative robot business as a future growth engine along with the solar cell business, hoping it would help meet the challenges of the Fourth Industrial Revolution.For this, the group separated Hanwha Precision Machinery from Hanwha Techwin last July, and early
The Hanwha Group is going to come up with a plan for reducing intra-group transactions involving Hanwha S&C within this week. Under the circumstances, much attention is being paid to how it will lead to the group’s governance reform and corporate succession in the long term.Hanwha S&C, which is cont