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\t\t\t\t\t\t\t\t\t\t(From left) Independent directors Joo-hyung Lee, Jae-won Yoon, Tae-sik Lee and Min-ho Cho, Kim Dong-seon, head of future strategy, CEO Kim Hyeong-jo, Vice President Byeong-sam Park, Executive Director Jun-hyeong Cho, and Managing Director Chae-won Lee [Photo: Hanwha M&S]<\/p>\n
The launch of an intermediate holding company grouping Hanwha\u2019s tech and life affiliates has put in motion an independent management system by business area within the group. Hanwha Machinery & Service Holdings (Hanwha M&S) held a launch ceremony on Sunday at The Plaza in Jung-gu, central Seoul, and declared its official establishment.<\/p>\n
The launch of an intermediate holding company grouping Hanwha\u2019s tech and life affiliates has put in motion an independent management system by business area within the group. Hanwha Machinery & Service Holdings (Hanwha M&S) held a launch ceremony on Sunday at The Plaza in Jung-gu, central Seoul, and declared its official establishment. At a board meeting that day, it approved key agenda items including appointing the chief executive, setting up various committees and establishing internal rules.<\/p>\n
Hanwha M&S consists of two divisions: tech and life. The tech division includes Hanwha Vision, Hanwha Semitech, Hanwha Momentum and Hanwha Robotics, while the life division includes Hanwha Galleria, Hanwha Hotel & Resort and Ourhome. It has 57 affiliates in total, including overseas units. On a consolidated basis at end-2025, revenue was about 6 trillion won and total assets were around 11.3 trillion won.<\/p>\n
Kim Hyeong-jo (\uae40\ud615\uc870) was appointed as the first chief executive. Kim joined Hanwha Group in 1994, built experience in business strategy and on-site operations, and served as CEO of Hanwha Hotel & Resort for 4 years from 2021. Kim Dong-seon (\uae40\ub3d9\uc120), head of future strategy, also attended the ceremony. Kim was promoted to president on Aug. 1 after recognition for achievements including winning large-volume orders for TC bonders for HBM, and then moved to the holding company.<\/p>\n
Kim said, “We will build a new management system that maximises expertise and be reborn as a strong and efficient organisation.” He added, “We will strive so that our growth can lead to the development of the country and society.” Hanwha M&S said it expects the holding company structure to resolve a conglomerate discount and speed up investment and business expansion in the tech and life divisions.<\/p>\n
Earlier, Hanwha Corp approved a plan for a spin-off at an extraordinary shareholders meeting on July 15. Hanwha M&S is scheduled to list on the main board on Aug. 25.<\/p>\n","protected":false},"excerpt":{"rendered":"(From left) Independent directors Joo-hyung Lee, Jae-won Yoon, Tae-sik Lee and Min-ho Cho, Kim Dong-seon, head of future…\n","protected":false},"author":2,"featured_media":108112,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[30],"tags":[355,10811,354,55077,5487,335],"class_list":["post-108111","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hanwha","tag-hanwha","tag-hanwha-galleria","tag-hanwha-group","tag-hanwha-ms","tag-hanwha-vision","tag-kospi"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/108111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=108111"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/108111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/108112"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=108111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=108111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=108111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}