Introducing Hanwha Group
For the past fifty-three years, Hanwha has achieved solid growth by turning crisis into opportunity. Hanwha was built on the heavy industries, starting with explosives, petrochemicals and machinery. From mid 90’s it is also developing and expanding its involvement in growth businesses such as finance, retail, construction industry, leisure and services.
Business scope of Hanwha group:
- Telecommunication and information services
- Chemical industry
- Insurance industry
- Investment services
- Construction industry
- Machine production
- Industrial and leisure trade
- Energy Industry
- Hotel trade
With Korea Life Insurance joining Hanwha Group in 2002 the group sharpened its focus on financial services.
Korea Life Insurance is being integrated into the existing securities and investment trust management operations to create the financial sector that will be at the heart of the group’s restructured organization.
Hanwha is now the seventh largest conglomerate in Korea with 25 affiliates and a global network consisting of 37 branches and subsidiaries. The first phase of restructuring was completed in 1999 and Hanwha is now implementing its second phase by following the "selective concentration of resources" strategy.
The priority today is to cultivate new businesses with high growth potential and Hanwha recognizes financial services, retail, leisure, communications and software development as the growth engines for the 21st century. Core competencies continue to be developed in these areas to complement: Hanwha's chemicals and construction capabilities.
The homepage of Hanwha group is : www.hanwha.co.kr
Hanwha Chronology
