Headlines for November 2016
1. [Hanwha Group] Chairman Seung Youn Kim invited long-term employees to the 2016 Seoul International Fireworks Festival to commemorate the 64th anniversary together
October 9th was the 64th Anniversary for Hanwha. A day prior to the anniversary, the 2016 Seoul International Fireworks Festival with Hanwha was held in Yeouido Hangang Park. Chairman Seung Youn Kim invited employees to the festival who have worked for 30 years and congratulated them for their dedication. They watched the fireworks together.
On the 64th anniversary, the chairman invited employees who have worked 30 years for Hanwha to the event to congratulate them. The event was held on the deck of a cruise ship on the Hangang River.
The chairman said that he was able to try harder because these employees were there with him, and Hanwha was able to become what it is today thanks to all the hard work the employees had performed.
He also asked them to lead their colleagues with their years of experience and examples.
And then the chairman gave medals and plaques to these long-term employees including Kim Shin-youn, CEO of Hanwha Eagles. The chairman took pictures with each of them and congratulated them for their contribution to the development of Hanwha with their trust and loyalty for 30 years.
As soon as the cruise ship with the participants arrived at the event, the fireworks began.
After the Japan and Spain team’s performances, did you know that the Korea team’s fireworks represented by Hanwha Corporation started with the chairman’s command this year? The fireworks representing Hanwha members’ soul illuminated the night sky of Yeouido Hangang Park. The attendees made a wish for the bright future of Hanwha as they watched the fireworks.
2. [Hanwha Group] The 2016 Seoul International Fireworks Festival with Hanwha was held on October 8th
The 2016 Seoul International Fireworks Festival with Hanwha was more meaningful and generous because it celebrated the 64th anniversary of Hanwha. Happening only one day a year, the fireworks decorated the night sky around the Hangang River like magic and it was truly amazing. They used new technologies such as Two Step UFO fireworks and a 3D pop-up book video to show the magnificent spectacle. This fireworks festival added energy to people’s lives. Let’s take a look.
On October 8th, Yeouido Hangang Park was filled with people who expected to see the splendid fireworks in the early hours of the day. Over one million people including the winners of the Golden Tickets Event attended. People with blankets and shade canopies all gathered to see the Seoul International Fireworks Festival.
Since we get to see the festival only once a year, people’s anticipation had grown. Moreover, the company invited global reporters of Hanwha affiliates this year. They enjoyed the fireworks together and developed teamwork.
INT) I’ve never heard (of this) before to be honest, but I am happy that I have an opportunity to come here. Today my colleagues from the HQ told me that it will be a great experience. They are jealous. I am here and they are not. So I am looking forward to a great evening.
The 2016 Seoul International Fireworks Festival with Hanwha is one of Hanwha’s major social contribution programs which has been active since 2000 and has the slogan, ‘Sharing Of Hope Through Flames.’ This year, Japan, Spain, and Korea participated, and they used over one hundred thousand fireworks to put on an amazing show in the night sky.
Since the festival attracted over one million people, the single most important thing was safety. Hanwha, Seoul city, the police, the fire department, the municipal government, and Hangang Project Headquarters worked together to make the event safe. This year they placed safety personnel in the Ichon area opposite of Yeouido, on the Mapodaegyo Bridge, and the bike trail on the southern part of the Hangang Railway Bridge.
The sun finally set around seven in the evening. The people who gathered in the Yeouido Hangang Park were filled with excitement. On the deck of Paradise where the official event was held, Cha Nam-gyu, CEO of Hanwha Life Insurance, Choi Yang-soo, CEO of Hanwha Corporation Explosive Division, Park Won-soon, the mayor of Seoul city were present.
The splendid fireworks began with a countdown.
This year, the Hanwha Corporation team, Tamaya Kitahara from Japan, and Pirotecnia Ingual team from Spain participated.
The first fireworks were displayed by the Japanese team that has won many awards and fascinated people around the world. Their fireworks showed Japanese style remarkable colors with the theme “Turn Your Magic On”. They were especially powerful and meticulously done with master craftsmanship.
The second fireworks were displayed by the Spain team which was invited for the first time. They put the fireworks together for the opening ceremony of the Rio Olympics. So many people were interested in their performance. Their theme was “Magic Light Dreams”. They expressed unique passion and intensity and their fireworks appeared to be dancing to the beat of the music.
The Korea team performed the finale. They upgraded their show by integrating fireworks and storytelling. With the theme “Magical Fireworks”, a story of a fireworks magician who came to fulfill wishes and deliver fireworks as gifts was told and it touched everyone’s heart.
What do you see?
It’s amazing to see what they can do with fireworks. They blew everyone’s mind by displaying exciting and amazing fireworks such as Two Step UFO, tower, and volcano fireworks.
Moreover, a barge was set up a between Mapodaegyo and Wonhyodaegyo Bridge to display fireworks on a grand scale in the Yeouido area. They have proved once again that the festival is one of the major annual events in Korea.
While the festival was going on, about 650 Hanwha employee volunteers carried out various tasks. They cleaned up the Park working until after midnight. Their effort made the festival more successful.
The 2016 Seoul International Fireworks Festival with Hanwha ended successfully again. It was memorable for everyone.
3. [Hanwha Corporation/Machinery] Signed aircraft control system development for KF-X contract
Hanwha Corporation Machinery Division has signed a contract to develop the main parts for aircraft control system, Flight Control Integrated Servo Actuator (FCISA) and Leading Edge Flap Actuation Systems (LEFAS), for the Korean fighter jet KF-X with Korea Aerospace Industries (KAI) and held a kick off meeting.
On October 19th, Hanwha Corporation Machinery Division held a kick off meeting for KF-X FCISA/FEFAS at the Asan #1 plant. Park Sang-joon, a head of Hanwha Corporation Aerospace R&D Center, team members, and officials from KAI attended the meeting.
The cutting edge technology parts (FCISA/LEFAS) are installed on the front of the wings and precisely control the movement of an aircraft as they are getting signals from the flight control system.
The company is expected to have a total of 628.5 billion won revenue through this contract from the production, export opportunities, and supplying of other parts, and it includes 52.5 billion won for R&D costs. Including the landing gear contract signed last April, the accumulated contracted amount is 92 billion won, and about one trillion won revenue is expected all together.
Hanwha Corporation Machinery Division now has an opportunity to design, develop, and manufacture the two core aircraft control systems along with the landing gear for KF-X. They plan to develop the system successfully within the development period and assist with the testing flights so that they can establish the total defense support systems which is needed to operate the fighter jets.
4. [Hanwha Life] Opened DREAMPLUS 63, a FinTech startup incubator
Hanwha Life Insurance opened a fintech center for the first time among life insurance companies in Korea. 11 fintech start-ups have moved in to the center, and they are going to develop various business models so that synergy with financial companies in asset management, financial product trade, and security can be effectively utilized.
HLI held an opening ceremony for DREAMPLUS 63, which is a business development center for fintech. They are going to provide an office space for start-ups and support forming business partnerships. The fintech center is a new model of HLI’s social contribution program to revitalize the fintech eco-system and youth employment.
At the opening ceremony, about 200 people, including Cha Nam-gyu, CEO of HLI, Park Yun-sik, CEO of Hanwha General Insurance, Yeo Seung-joo, CEO of Hanwha Investment, and other CEOs of the affiliates attended to congratulate DREAMPLUS 63 on its new beginning.
HLI Fintech Center is the largest fintech center in Korea, using about 3,000 square meters of the entire 4th floor of 63 Building. There are independent office spaces for 11 start-ups, a multi-purpose event hall that can hold over 150 people, two large conference rooms, and six small conference rooms.
Moreover, HLI has assigned supporting teams for each start-up, and they will support the formation of business partnerships with financial companies.
For those start-ups interested in expanding in the Asian market, HLI will introduce Hanwha’s local partners using their global networks. They will also provide the necessary support for localization, such as an interpretation and legal document reviewing services.
5. [Hanwha Group] The Hanwha Global Communications Workshop was held on October 10th
The total number of employees and the global network have both increased since Hanwha expanded to the global market. Hanwha Global Reporters are responsible for the communication channels among the affiliates overseas. These reporters from around the world who are responsible for Hanwha Newsletters got together in one place. Let’s check it out.
It’s looks like a familiar place, but it’s a little strange. This is the HQ building in Janggyo-dong where the Hanwha Global Communication Workshop was held on October 10th. This workshop was held for four days. 25 Hanwha Global Reporters from nine affiliates and 25 overseas branch offices, including Hanwha Corporation, Hanwha Techwin, Hanwha Q CELLS, Hanwha Life Insurance, etc., and 13 local reporters from Korea were invited.
As globalization of Hanwha accelerates, the effective communication with 226 global networks and 14,577 overseas employees, which account for 27% of the total employees, became more important. Hanwha Global Newsletter is serving as a communication channel. Through this, employees working overseas can get the latest Hanwha news, and they can feel a sense of belonging and pride.
This Hanwha Global Communication Workshop started early in the morning. Shall we follow them?
First of all, as a part of the Get To Know Hanwha Program, they learned the history of Hanwha, the core values, and the major businesses. They also learned about Hanwha brand management and had on-the-job training since they are the hands-on staff of the newsletter.
The reporters were most interested in sharing successful cases and in a discussion session. Four global newsletter reporters from Hanwha Techwin America, HLI Vietnam, World Resort Saipan, and Hanwha Q CELLS were selected as outstanding reporters. They shared their cases and know-how with other reporters.
During the free discussion time, they came up with solutions to some of difficulties they had faced.
Can you see the energy in the eyes of the reporters who are representing their own branch offices overseas?
They also visited Hanwha Historical Museum where they learned the beginning of Hanwha and its history. They paid attention to the stories, and they were proud to be a part of history.
I was able to learn a lot at this Hanwha Museum where Hanwha started. I was also able to see the first chairman’s hard work and his efforts as well as the employees who had worked with him.
(But) seeing the museum and the peacefulness of it, it gives you much better impression of Hanwha. It really helps to understand how the company originated and really what it has achieved in its life time. So it’s very impressive and it’s a place I’d like to come back and visit again.
They also visited business sites of Hanwha affiliates. They looked around Aqua Planet 63 and Galleria Duty Free and saw Hanwha’s various business areas. Later, they had an opportunity to visit the headquarter offices of each of their own companies and met with their counterparts whom they had previously communicated only by telephone.
The global reporters from Hanwha Q CELLS had a special chance to meet with other groups that attended Hanwha Q CELLS Marketing and Communication Workshop from different overseas branch offices. They were busy discussing future plans with other members.
Meanwhile, they also had an opportunity to experience Korean traditional culture. On October 8th, they saw the fireworks that decorated the night sky. It was an unforgettable first-hand experience to see the native explosive business of Hanwha through 2016 Seoul International Fireworks Festival with Hanwha. Also, through visiting Gyeongbokgung Palace at night, they made lasting memories of Korea.
The driving force in increasing the competence and the fundamentals that accomplished One Hanwha was the eloquent communication among all members of the company.
Through the Global Communication Workshop, these global reporters will share the news of their own branch offices overseas more actively. We look forward to seeing sharing of our global culture.