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Hanwha Corporation was founded in 1952 as Korea Explosives company, quickly becoming the leader in the South Korean explosives industry. It has since grown into a global manufacturing and trading company operating in four business areas—explosives, defense, trading, and machinery.
In 1959, we were the first domestic manufacturer of dynamite in South Korea. After having successfully developed safe, high-quality industrial explosives and fire process products, Hanwha was able to supply the South Korean government with the crucial means to rebuild its cities and infrastructure. Today, Hanwha Corporation continues to apply its extensive experience with explosives technology and has expanded into raw explosives materials, explosives manufacturing, and explosives applications. We entered the mining service market in 2014, quickly gaining a firm foothold in the world markets with high-caliber products and services. We started offering mining services in South Korea and Indonesia. We continued to expand our business into new service areas. In 2015, we entered a new market and took over the Australian mining service company LDE with proven high-quality products and aggressive pricing. We also completed the full vertical integration of nitric acid-ammonium nitrate-industrial explosives by acquiring granular ammonium nitrate production lines. We also invested in innovations to produce high value-added technologies, such as the electronic detonator.
Hanwha Corporation’s Defense Division has the largest defense capabilities in South Korea. Since entering the defense industry in 1974, this division has contributed significantly to improving South Korea’s military defense capabilities. We operate businesses in precision-guided munitions, advanced ammunition, and underwater surveillance equipment. We have also entered the aerospace business, sharpening our competitive edge. In 2015, we conducted large-scale mergers and acquisitions, expanding our businesses that had been previously focused on ammunition and guided munitions to include self-propelled guns and engines for aircraft and fleet, as well as defense electronics such as radar and combat systems. We have been selected as the developer of the Long-Range Surface-to-Air Missile (L-SAM) system, the key to the Korea Air and Missile Defense (KAMD) system. And while our Defense Division has recorded steady growth, we continue to invest in new technology and innovate to enhance business competitiveness.
Hanwha Corporation’s Trading Division is an international trading company that has played a leading role in globalizing the Hanwha Group since its establishment in 1966. We have built a global network of more than 30 overseas corporations and offices. Our network allows us to work in synergy in world markets for the Hanwha Group. As we continue to build our existing trading business, we lay the groundwork for stable growth by investing in value chain businesses. We focus on discovering and fostering new business models that are country-specific and overseas projects in the hospital and infrastructure sectors. In time, these businesses will become new revenue sources for our general trading business. We are increasing our network in strategically, in Latin America and Africa, and building new overseas business opportunities.
From leading its nation since its establishment in 1953, Hanwha Corporation’s Machinery Division today, is leading the machinery equipment industry worldwide, by leveraging its deep experience and cutting-edge technology. We produce high value-added machinery equipment, including industrial machinery and machine tools by focusing on heat treatment, automation, and precision processing. Our customized machine tools have helped us gain the largest market share in South Korea. And in another of our growing businesses, we have successfully developed and delivered solar cell manufacturing facilities to our customers, proving the quality and safety of our technology.
Our state-of-the-art technologies in the aerospace business have allowed us to make great strides toward becoming a global leader in the aerospace auxiliary machinery and electronics fields. In 2015, we signed an agreement to export aerospace parts with UTAS, a Turkish company. Our aerospace maintenance business also signed a memorandum of understanding with GE. Agreements such as these establish cooperative ties with global companies and enhance our business competitiveness. They also take us closer to becoming a global leader, strengthening our competitiveness, exploring new growth engines, and expanding our global presence.
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Hanwha's businesses span chemicals & materials, aerospace & mechatronics, solar energy, finance,
leisure & lifestyle, and construction. Through the integration of our growing number of affiliate enterprises worldwide, we are harnessing the power of sustainable, quality growth to continually increase the value we bring to our customers.
- Hanwha Techwin Hanwha Techwin, established in 1977, started out as an aircraft engine and film camera manufacturer. Since its founding, the company has led South Korea’s precision machinery industry and, based on its technologies in optics, video, and aircraft engines, diversified its portfolio to include aircraft and gas turbine engines, energy equipment, defense, security, and industrial equipment.
- Hanwha Systems As a defense electronics company, Hanwha Systems has significantly advanced the defense capabilities of South Korea’s military since the company was founded in 1978. It became a member of the Hanwha Group in 2015. From the product development of weapon systems operation to integrated logistics and post production support (ILS, PPS), Hanwha Systems offers a complete solution with ground, naval, air command, control, communication, computer, and intelligence (C4I), guided weapons, electronic warfare (EW), and future combat systems. We are recognized as a globally competitive total solutions provider.
- Hanwha Defense Systems Established in 1937, Hanwha Defense Systems is a comprehensive defense equipment provider. Our superior production capability and technology enable our company to deliver infantry fighting vehicles, air defense weapons, guided weapons, launching systems, high-precision navigation, and laser weapons. We became an affiliate of the Hanwha Group in 2016. We are accelerating towards our goal to become a global top-tier company in the industry.