Headlines for September 2017
1. [Hanwha Group] Transferred temporary employees to permanent status
In 2013, Hanwha Group voluntarily transferred 2,040 temporary employees to permanent status, a move which Hanwha made first among the 10 largest companies in Korea. This year, the Group decided to faithfully fulfill the company’s social and economic responsibilities and embrace the win-win philosophy of ‘Going Further Together’ by transferring 850 more temporary employees to permanent status.
The group has announced that they are going to transfer 850 temporary employees who are working on a constant and continuous base job to permanent status by the first half of next year. They plan to reduce the number of temporary workers who work in those same positions by hiring permanent employees from now on, or interns who can also be moved to permanent status later.
Through this transfer, the employees are not only guaranteed employment but also they can enjoy the same benefits, retirement options, and promotion opportunities as other permanent workers.
To employees, we hope that stable employment will increase their loyalty and increase their sense of belonging and motivation. And to the affiliates, we hope that they grow with their employees as they provide new levels of services and improve their productivity through this.
2. [Hanwha Corporation] Received the 2017 First and Best Company Award from Korean Academic Society of Business Administration
We would like to share the good news that Hanwha is being recognized in Korea as well as outside of Korea. Hanwha Corporation, the parent company of Hanwha Group, was honored to receive the 2017 First and Best Company Award from the Korean Academic Society of Business Administration (KASBA).
At the 19th Business Integration Conference held in Gwangju, Lee Tae Jong, CEO of Hanwha Corporation Defense Division, the chair person of Korean Academic Society of Business Administration, the chairman of Maeil Business Newspaper, professors from 36 business societies throughout the nation, and other business people attended.
At the conference, Lee Tae-jong, CEO of Hanwha Corporation Defense Division, accepted the 2017 First and Best Company Award from Korean Academic Society of Business Administration (KASBA).
The KASBA First and Best Company Award is a meaningful award because it is given to a company that is selected by business scholars for having the highest value among Korean companies.
The CEO Lee said in his remarks that the core competitivenesses of Hanwha Group comes from the company’s founding idea, ‘Serving The Country through Business,’ the business management philosophy, ‘Trust and Loyalty’, and the dynamic growth history of M&A, which has been focused on Korea’s key industries. He also said that Hanwha always took one step ahead of other companies in making bold investments and has opened bigger opportunities by overcoming crises with an unwavering momentum.
3. [Hanwha Group] Held 2017 Hanwha Science Challenge main event
Finally, the long-waited main event of 2017, the Hanwha Science Challenge, was held. The competition brought together many creative ideas and passion of talented science students.
The main event of 2017 Hanwha Science Challenge was held from August 24th to 25th at the Hanwha HRD Center. The event was hosted by the Group and sponsored by the Ministry of Education, the Ministry of Science and ICT, and the Korea Foundation for the Advancement of Science & Creativity.
This year’s participation rate was high, and a total of 1,218 students from 609 teams signed up.
At the main event, the 20 teams presented their studies, which had been prepared freely and creatively for six months on topics closely related to human life, such as energy, bio research, and climate change.
The grand prize went to Yoo Ho-jin and Huh Seong-bum, a Magic Point team, from the Korea Science Academy of KAIST. They researched effective wave-power generation. And their project title was, ’Innovative methods of wave-power generation using mechanical design’. They came up with an idea to improve the efficiency of wave power generation by inventing unidirectional teeth called the ‘Magic Wheel,’ which is not affected by the movement and speed of waves. The judges admired them because they also proposed a way to apply their idea.
The grand prize winning team was given a 40 million won scholarship, and a 20 million and 10 million won scholarship was given to two gold and silver prize winners, respectively.
The Group plans to continue encouraging, through sponsorship, these talented students to dream about winning a Nobel Prize and to develop ideas with creativity and practicality so that later they can become leaders in science in Korea.
4. [Hanwha Corporation/Machinery] Asan Plant #1 held a ceremony for achieving the longest period of time without a lost-time accident among plants of the affiliates
Not having a lost-time accident for 10 years and 8 months is very difficult to achieve. Asan plant#1 of the Hanwha Corporation Machinery Division achieved the highest record among the plants of the affiliates. They were able to accomplish this achievement by following the strict safety environment guidelines vigorously under the vision, ‘Safety, Environment, A Leader of Health’. Hanwha Corporation Machinery Division Asan plant #1 held a ceremony to celebrate this achievement. They also received a certification plaque from the Korea Occupational Safety Health Agency.
This accomplishment was a result of the company putting safety first, running routine trainings for every possible dangerous scenario, and expecting all employees to follow basic safety guidelines.
Lee Eun-kwang, the plant general manager of Asan plant #1, said in his remarks that having no accidents for 10 years and 8 months results from all employees actively trying to follow the safety guideline with one mind without exceptions. He also said that the company is going to lead by example in creating a safe environment, and they will continue to avoid accidents.
Hanwha Corporation Machinery Division will continue to build its safety culture by putting safety first.
5. [Hanwha Defense Systems] Will develop a high-energy laser with Gwangju Institute of Science and Technology
In July, Hanwha Defense established a team to develop laser technology for national defense. The team is actively involved in co-development and marketing activities with other Hanwha defense affiliates. On August 24th, the company began developing a high-energy laser with the Gwangju Institute of Science and Technology.
Hanwha Defense and the Gwangju Institute of Science and Technology signed an MOU for cooperation and to vitalize a research interchange for optical and high-energy laser technology. Hanwha Defense agreed to invest over five billion won over the next four years to secure this core laser technology.
High-energy fiber optic laser technology is a technology that generates kw-level intensive light and energy from a thread of ten-micrometer-thick fiberglass. Since it can be miniaturized because of its high energy conversion efficiency, it is a suitable technology for a laser weapon and is considered the core optic technology for the future defense industry.
Hanwha Defense has participated in developing various high-energy development projects in the defense industry for 20 years. Through this partnership, they set up a research center in the Advanced Photonics Research Institute, which is a research center attached to the Gwangju Institute of Science Technology. Through this research center, Hanwha Defense is going to consolidate their research efforts in the laser field, which have, up to this point, been spread out. They will also cooperate in developing technology and creating a stronger foundation for the industry as a whole.