Headlines for October 2016

1. [Hanwha Group] Chairman Seung Youn Kim visited Hanwha Life and encouraged financial planners

Chairman Seung Youn Kim is very interested in FPs in sale of Hanwha Life Insurance. After Hanwha acquired HLI in 2002, Chairman Seung Youn Kim showed his interests by visiting the 2003 Annual Awards which took place in the following year. He recently visited the training session of FPs and showed his affection.

On September 8th, Chairman Seung Youn Kim visited Hanwha life Human Resources Development Center. As soon as he entered the auditorium, about 200 FPs welcomed him with a warm round of applause. He returned his gratitude with a big smile. This surprise visit of Chairman Seung Youn Kim encouraged FPs and listen to the voice of the sales field.

The FPs who met the Chairman at the Annual Awards of HLI in May asked him to come and visit where they work. And he promised to do so and kept his promise this time.

On that day, about 200 FPs from all parts of country gathered for the 2-day training session to learn how to strengthen their capabilities for VIP marketing. The Chairman Kim praised once again the efforts of FPs who played the leading role of reaching 100 trillion won assets and he took time to listen to what they had to say.

Chairman Seung Youn Kim said, “You are the heart of Hanwha”, and expressed his interests and love to them.

“HLI and FPs are playing a key role in the Group, and you are the ones delivering the warm hope to other’s lives. So I believe that FPs have warm hearts more than anyone in this world.”

Also he requested to work with love, respect, consideration, honesty and loyalty at all times.

And he signed the commemorative copper plaque written as ‘You Are The Heart of Hanwha’ and asked FPs to work together to make HLI the best insurance company.

While taking pictures with FPs, Chairman Seung Youn Kim made a heart symbol with his hand and had a casual conversation.

2. [Hanwha Group] Held Hanwha Finance Classic 2016 from September 1st to 4th in Korea

Hanwha Finance Classic 2016, boasting the largest prize in KLPGA was held at Golden Bay Golf & Resort in Chungchung province from September 1st to 4th. It became truly a global scale competition since not only active players in the LPGA Tour but also the players representing the U.S., Korea, and Japan participated. Who has won among those top-class players? Let’s check it out.

The drama that Korean female golf players who have proven their skills at the Rio Olympic Games was reenacted at Hanwha Finance Classic 2016 held in Taean.

As players from five countries including long hitters Lexi Thompson and Jessica Korda participated this year. Hanwha Finance Classic is not only a part of KLPGA Tour but also it is a world class competition. A lot of spectators came to see the best players playing good games at the best golf course.

Hanwha Finance Classic boasts a total of 120 million won prizes and 30 million won prize for the winner which is the biggest prize in KLPGA Tour. As it provides the opportunity to compete with famous international players, it became a competition that many players want to win. Therefore, the competition among the players was fierce until the final round.

Lee Min-young who is a member of Team Hanwha chased the leader until the final round and ranked 3rd with three under the total 285 shots. And Park Sung-hyun who had long drive battles with Lexi Thompson scored six under the total 282 shots and won the winning trophy. Park Sung-hyun started the final round at 10th with four shots behind the leader. She beat Ko Jin-young who ranked the 2nd place with one shot. It was her 7th winning of this season.

Now the special attention goes to this year’s winner Park Sung-hyun because there’s a ‘winning formula’ that Hanwha Finance Classic winner becomes a winner in LPGA Tour. In fact, after winning at Hanwha Finance Classic, the winners got qualified for LPGA Tour and had many winnings since 2011.

The winners of this game, Choi Na-yeon in 2011, Ryu So-yeon in 2012, Kim Se-young in 2013, Kim Hyo-joo in 2014, and the last year’s winner Nomura Haru had the total of 22 winnings in LPGA Tour.

Therefore, the winner of Hanwha Finance Classic can establish a foundation to become a world class player. It’s possible because the game provided an opportunity for KLPGA players to step up by playing with international players at a world class course.

Meanwhile, a pro-am event was held prior to the main game. Chairman Kim Seung-youn visited the course to observe the progress of the preparation and encouraged players and people who participated in the pro-am.

Chairman Kim emphasized in his speech that Hanwha has been contributing to Korean women golf by having the largest golf game in Korea, Hanwha Finance Classic since 2011 after establishing Hanwha Cup Seoul Women's Open in 1990. He also looked around the course and encouraged Hanwha members who worked hard to make the event possible.

The Group is going to make Hanwha Finance Classic a renowned international event that represents Korea so that the second generation of Park Se-ri who was the winner of Hanwha Cup can continue to win at international games. Also the Group will continue to invite the world-class players and provide an opportunity to upgrade their mental strength, course-management, and game skills.

3. [Hanwha Q CELLS] Dong Kwan Kim, CCO of Hanwha Q CELLS, had a keynote speech at GGGW2016


Dong Kwan Kim, Chief Commercial Officer of Hanwha Q CELLS gave a speech as a keynote speaker at the Global Green Growth Week (GGGW) 2016 and he said, “If there was the Industrial Revolution in 18th century, we will be the first generation to experience the energy revolution.” He also mentioned that solar energy would bring the change to the energy industry, and it would change our lives as well.
GGGW 2016, an annual conference of green growth knowledge platform was held at International Convention Center Jeju from September 5th to 9th. It is co-hosted by Global Green Growth Summit (GGGS), Global Green Growth Institute (GGGI), the World Bank, OECD, and Unite Nations Environment Program (UNEP).

On September 7th, Dong Kwan Kim, Chief Commercial Officer of Hanwha Q CELLS attended the Asian Regional Policy Dialogue as a keynote speaker and he spoke on “Innovation in Battery and Energy Storage Technologies”. During this 10-minute speech, he emphasized that it’s expected that solar energy would be the fastest growing and competitive energy source through reaching 26% market share by 2040.

Especially, he got a lot of attention because he forecasted the fundamental changes in a way we all live. He mentioned the energy revolution that will be introduced by combining solar energy and the Energy Storage System (ESS).

Meanwhile, Hanwha Q CELLS introduced and the monocrystalline solar cell that used their own Q.ANTUM Technology and polycrystalline solar module at the exhibition. The technology in Q.PLUS, a polycrystalline solar module has been recognized as the world’s best by setting the world record of 19.5% efficiency in polycrystalline module.

4. [Hanwha Group] Created the 6th Hanwha Solar Forest in China

The Group has been putting an effort for solving climate changes and environmental issues through creating “Hanwha Solar Forest” by planting trees where desertification is in progress every day. The Group plans to create the 6th eco-friendly forest in China.

On September 1st, a tree planting ceremony was held for “6th Hanwha Solar Forest” in the Maowusu desert located in Ningxia Hui Autonomous Region, China. The senior officials including Choi Sun-mok, Senior Executive Vice President of Hanwha Group HQ, Kim Young-rak, Senior Vice President of Hanwha China, and the high-ranking government officials from Ningxia attended the ceremony.

The Group is planning to create a forest by planting about 50,000 trees such as a sand pine, a juniper, and more on the land of over the size of 23 soccer fields. The Group also will use energy that is necessary for saplings and creating the forest by utilizing the solar generating facility the Group donated in 2012.

The Group continues to carry out the eco-friendly social contribution project to prevent the yellow and the fine dust by creating the 2nd Solar Forest in 2013, 5th Solar Forest in 2015, and 6th Solar Forest in this area where the fine yellow dust originates.

The officials from Yinchuan city and National Nature Reserve of Lingwu showed their appreciation to the Group’s continuous anti-desertification social contribution efforts and delivered an appreciation plaque.

The Group has been carrying out the campaign with the social innovation company ‘Tree Planet’ since 2011. The Group has contributed to preventing desertification in Mongolia, China, and Korea by planting the total of 490,000 trees. At the same time, the Group tries to draw the younger generation’s attention to climate changes and environmental issues.

5. [Hanwha Corporation, Hanwha Chemical] Opened Hanwha R&D Center specialized in the future technologies

Investments on R&D for the state-of-the-art future technology which will lead the future industry is very important for the Group’s future. Hanwha Corporation and Hanwha Chemical opened Hanwha R&D Center Pangyo specializes in the future technologies. I am very curious too. Shall we go and take a look?

Hanwha R&D Center Pangyo is located in Seongnam. About 200 people including Lee Tae-jong and Kim Youn-chul, CEOs of Hanwha Corporation, Kim Chang-bum, CEO of Hanwha Chemical, Shin Hyun-woo, CEO of Hanwha Techwin, Chang Si-kwon, CEO of Hanwha Thales, and Choi Kwang-ho, CEO of Hanwha E&C gathered to celebrate the new beginning.

About 120 billion won has been invested to build Hanwha R&D Center Pangyo. It covers the total of 34,203 ㎡ floor spaces with 12 floors including 5 underground floors.
The core technology of guided weapons such as a laser and electro-optical sensors, image processing technology, and solar cell manufacturing facility, the factory automation equipment are supposed to be researched at the place.

It can also create synergy by cooperating among the affiliates with the high-tech research institutes in defense such as Hanwha Techwin R&D Center in Pangyo.

6. [Hanwha Group] Hosted a luncheon for the 2016 Rio Olympics National Shooting Team to congratulate on their outstanding performance at the Olympics

The Hanwha Group has been sponsoring the Korea national shooting team for the Olympic Games held in Rio de Janeiro, Brazil. As a main sponsor of the Korea Shooting Federation, the Group invited the national shooting team to a luncheon to congratulate them for their outstanding performance at the Olympics and gave them prize money. They performed well at the Olympics and gave us unforgettable memories. Let’s take a look.

On September 20th, the Group, which is the presiding company of the Korea Shooting Federation, hosted the luncheon at The Plaza. This luncheon was held to congratulate the Korea national shooting team which won a gold medal and a silver at the Rio Olympics.

Hwang Yong-deuk, CEO of Hanwha Galleria and the president of Korea Shooting Federation, congratulated the players for gaining recognition from the World once again. He encouraged the players and the coaching staff to work together to continue to increase the status of Korean shooting.

On behalf of the Chairman Kim Seung-youn, CEO Hwang gave a total of 230 million-won prize money to the team. Jin Jong-oh who won a gold medal in the men's 50m pistol received 100 million won and Kim Jong-hyun who won a silver medal in the men's 50m rifle prone received 40 million won. The head coach Park Sang-soon, other coaching staff, and all members of the team received the prize.

The Group has been providing about 12.5 billion won in sponsorship to the Shooting Development Fund to promote Korean Shooting sports. After the Korea Shooting Federation was founded, the Group established the Hanwha Chairman’s Cup National Shooting Competition which was the first to be organized by a private company, and it became one of five top major shooting competitions in Korea.

I believe that our national shooting team players need our continuous support and encouragement.

Headlines for September 2016

1. [Hanwha Group] Set to Support 2018 PyeongChang Winter Olympic Games

The Group has started sponsoring for the 2018 Pyeongchang Winter Olympic Games for its success. Back in 1988, the Group had sponsored for Seoul Olympics. Now the Group is going to provide a total of 25 billion won worth of fireworks for the opening and the closing ceremony and the Olympic torches for the 2018 Pyeongchang Winter Olympic Games.

The Group and the Organizing Committee for the 2018 Pyeongchang Winter Olympics had an agreement ceremony for an official Olympic sponsorship on July 28th. Choi Yang-soo, CEO of Hanwha Corporation Explosive division and Lee Hee-beom, the president of the Committee attended the ceremony.

The Group is going to provide fireworks for seven events including the opening and the closing ceremony of the 2018 Pyeongchang Winter Olympics and Paralympic Winter Games. And they are going to provide 8,000 Olympic torches which will be used from 100 days prior to the opening ceremony. The total of 25 billion won will be provided.

Prior to the ceremony, Chairman Kim Seung-youn promised that Hanwha will provide full support for the successful Pyeongchang Winter Olympics during his conversation with Mr. Lee.

Lee Hee-beom, the president of the Organizing Committee for the Pyeongchang Olympics said Hanwha’s participation as an official Olympic sponsor is going to help attracting more domestic sponsors and accelerate the preparation for the Olympic Games.

2. [Hanwha Group] Launched the Group TV ad campaign

A new brand campaign of 2016 ‘I am the flame’ is introduced to the public. After the campaign ‘I am the flame’ was launched last year, the Group has been successfully imprinting the value, ‘Hanwha is the flame’ to consumers. And this year’s campaign contains the stories of us who live in this generation. The Group made two ads, and . These ads tell stories of people who found their own flames in the harsh and competitive society and exhausting reality of life but tried to walk their own path.

This year’s campaign contains two ads, and . There are two main characters in the ads. First one is a young man who is told that he has to study and work even harder after graduating from college, be good enough for the societal standards and prepare to get a "successful job" as the world demands. Another one is a working mom who is forced to fulfill her three different roles as a mom, a wife, and an employee.

These main characters in the ads are representing each one of us in our society. The Group is trying to give the courage and will to live our ‘lives like a hot flame’ through telling the stories about people who try to be free from an oppressive reality and to walk the path of their own in silence.

The ads start in the small and cramped screen frame of 0.7:1 ratio which has never been used in other ads. This represents the life of people whose lives are trapped in a small screen of a smartphone. Later on, the frame opens up gradually and this represents a willingness to get out of the small world and then walk the path of their own.

Through this year’s ‘I am the flame’ campaign, the Group is expecting to encourage our neighbors’ to live their life with passionate and contribute to form a positive image of the Group as going together with the community.

3. [Hanwha Group] Fosters global internal communication through ‘Hanwha Newsletter’

The Group is expanding not only in Korea but also in overseas market. We have been accelerating the global businesses as we compete with other global companies. We now have nearly 15,000 employees who work in overseas. Therefore, it is important that we have an effective communication tool in order to feel more bonded among the offices in overseas and Korea. The global newsletter is taking this role as a communication channel.

Are you worried that you may not be able to get the Group’s news because you are working at an overseas branch? You don’t have to worry about it. As a member of Hanwha, there’s a communication channel to get information about the Group regularly. It’s Group’s global newsletter “Hanwha Newsletter”.
Hanwha Newsletter was launched as an internal communication channel for the employees working in overseas in September, 2015, it is now celebrating its one year anniversary

As the Group expands to the global market, the number of branch offices and their employees also have increased. As of July 1st, 2016, there was a total of 14,928 people. This is 26.3% of the total of 56,700 employees. Therefore, the internal communication became important in order to make those Hanwha employees stationed abroad, working globally, feel more included and enhance a sense of belonging. So the Hanwha Newsletter was created as a need of sending out contents routinely to those employees became important.

The Hanwha Newsletter is targeting the locally hired employees as well as the employees sent from Korea. There would be a monthly issue as well as a press release. They are being issued in English, Chinese, German, and Japanese and posted on the newsletter page in the Group’s global website as well as sent via emails.

The main contents have the Group column including CEOs’ related news, Group’s history and the spirit, vision, values, and etc., major businesses and press releases, Ch. H. English news, and interviews of locally hired employees and branch offices.

In fact, employees working overseas don’t miss any updates because they can feel a sense of belonging and pride through the newsletter by learning about the Group’s latest news.

It’s been really good to be informed and get updates on what Hanwha is doing worldwide. Also it is great to be part of global organization who is innovated and collaborated with Top Fortune 500 companies. I can’t wait to receive my next issue.

What I think about Hanwha newsletters is that it’s a pretty good tool for all employees to know of be aware of and what’s going on in other companies around the world.

The newsletter is providing useful information that can help understanding the growth of Hanwha.

I can quickly figure out the latest trends of the Group through the newsletter. Through sharing this information, not only myself but also my colleagues are learning about Hanwha corporate culture.

Meanwhile, the Hanwha Newsletter’s two-way information sharing function has been improved since this April. In order to have more involvements of employees in overseas, they have organized the Hanwha Newsletter Team with regional reporters. There are the total of 48 members from nine affiliates. They are very enthusiastic about their roles of sharing the local news. There would be a workshop held for these regional reporters in October.

The Hanwha Newsletter is delivering the latest news of the companies and the Group’s outstanding performances throughout the world. It’s sharing the message that we are all members of global Hanwha.

4. [Hanwha Life] Held the World Youth Go Championship on July 28th

Rio 2016 Olympics in Brazil is going to begin on August 5th. Last Thursday, ‘16th Hanwha Life Insurance World Youth Go (Baduk) Championship’ was held at 63 Building, and we were able to feel the Olympic games there. Let’s see who has won this year’s tournament.

HLI held the final match of ‘16th World Youth Go (Baduk) Championship’ on July 28th at the grand ballroom of 63 Building. After the opening speech of Cha Nam-gyu, CEO of HLI, 240 children began their games.

As soon as the matches began, the grand ballroom was filled with the sound of Go stones, and children’s faces turned serious. They placed each stone with unwavering hands.

This year was the 16th year of HLI World Youth Go Championship’s From June 4th through July 10th, over 10,000 children from 24 areas participated in the qualifying match. And 240 of them made to the final round. Since this is a world class Go championship, many Asian and European children who have won at the international leagues also participated in this championship.

In 2001, it started as HLI Youth Go Championship. But in 2006, the name of the event was changed to Word Youth Go Championship. Since then, children from all over the world participated, and it became truly the world’s largest Go event for youth. It is held in became the largest size in the world.
The Go legend Cho Hun-hyun has been visiting the event for 15 years and has expressed his special love toward ‘HLI World Youth Go Championship’.

The children who have participated in this event will grow big and play leading roles in our society. And they will increase the popularity of Go as well as contribute to the long-term plan for the future generations. This event is very special because it invited people from outside of Korea and made this event global.

‘HLI World Youth Go Championship’ has been a very important gateway for becoming a professional Go player. Out of 15 champions in the past tournaments, 12 of them became professional players. And Lee Dong-hoon 8 dan, Shin Min-jun 5 dan, Na Hyun 6 dan, and Shin Jin-seo 6 dan have won at the major tournaments.

Finally, two players were decided for the final match. Han Woo-jin and Jung Woo-jin. They have the same name and are the same age. They played with all their might with every stone. And at the end, Han Woo-jin has won the match.

I am happy that I won the game because I have prepared a lot. I want to become a professional Go player like a master Lee Dong-hoon 8 dan.

In this year, there have been many special events for parents who came to cheer for their children. Park Jung-sang 9 dan and Kim Yeo-won caster who became famous during the Alpha Go Match shared their experiences of becoming professional Go players through a ‘talk concert.’ Many parents with children who play Go showed great interests in their stories. The legendary Go master in Korea, Yoo Chang-hyuk 9 dan visited the event for the first time and had a signing event. He also played one-to-many games with young players and gave them unforgettable experiences.

HLI is committed providing supports to children who love Go and fostering the next Lee Se-dol.

5. [Hanwha Techwin] Opened the brand demo room, ‘Wisenet Experience Center’

Do you know Wisenet which is a representative brand of Hanwha Techwin’s Security Division? Hanwha Techwin has opened Wisenet Experience Center where customers can experience Wisenet products and the technology being used. Let’s take a look.

You can visit the Wisenet Experience Center at Hanwha Techwin in Pangyo R&D Center. To celebrate the opening of the center, Kim Cheol-kyo, CEO of Hanwha Techwin and employees had visited the center.

Hanwha Techwin’s security business is number one in Korea with no other significant competitors. It’s certainly a global company with about 5,000 partners in 120 countries. Starting from this year, they are introducing their high quality security products under Wisenet brand name.

Wisenet Experience Center is the first of its kind in security industry in Korea. People can experience the security brand in four different zones.

First, there’s the Introduction Zone where people can see Hanwha Techwin’s business history and the stats of the major performances.

In the Product Zone, the products’ introductory video of each series are played on the magic mirror mounted on three sides. After that, the real products are shown to the visitors.

In the Core Tech Zone, optical & image processing techniques and an intelligent image analysis technology are introduced. Visitors can see the quality assurance process such as waterproof and heat resistance tests.

Lastly, in the Solution Zone, visitors can see how the products are used in rail, city surveillance, retail stores, and home security through the simulated space where they made each application almost like real.

We are excited to see Hanwha Techwin leading the security industry as it strengthens its own brand power.

6. [Hanwha Group] Held Hanwha Science Challenge 2016

Sweltering heat! Cloudy sky covered with dust! The earth is getting warmer.
The future young Nobel Prize winners gathered in one place for a special mission of saving the earth. The special project to save the earth with whimsical ideas and imaginations. Let’s go and take a look.

There are students waiting for their turns with a face full of tension. Why are they gathered in here? This is the place where Hanwha Science Challenge 2016, a youth science fair, is held.

Did you know Hanwha Science Challenge that is started since 2011, and it has been representing the Group’s main social contribution and donation for education programs for 6 years?

The theme of this year was ‘Saving the Earth’ and the students had prepared for the contest for 6 months since March with topics on global issues such as energy, bio, climate changes, water, etc.

The qualified 30 teams of students and the judges made of their teachers, professors from universities and researchers from the Group’s manufacturing affiliates attended the final event.

The students presented the result of their study and had a discussion with a Q&A session. It was possible to feel their passion for scientific research through their confidence toward whimsical ideas and professional level of topic which exceeded everyone’s expectation.

As I implement what I have learned at school through experiments, I have learned that knowing just theories are not enough/ I also learned that I can do endless research from listening other people’s ideas.

My dream is working at Hanwha Chemical. While I was searching about Hanwha, I learned that I can participate in Hanwha Science Challenge as a high school student so I signed up.

Last six years, a total of 4,122 teams, more than 8,200 high school students had participated. And this year, a total of 280 million won was contributed as prize money. I am proud that Hanwha Science Challenge is now the largest program for the gifted youth in Korea.

On August 26th, the award ceremony for Hanwha Science Challenge 2016 was held at 63 Building and the CEOs of Hanwha manufacturing affiliates attended to congratulate the winners. Everyone looks full of worry and anticipation. The winner is, Team CH!

Team CH from Changwon Science High School won the grand prize with 40 million won of a scholarship and an opportunity to explore international programs. I wonder how happy they are at this moment. The students shed tears of happiness that have their effort and passion.

Team CH, Park Cheong-hun and Choi Yi-hyun earned the grand prize with the unique research topic in bio area ‘development of eco-friendly pest control methods for willow trees in Upo swamp’

Thanks to Hanwha Science Challenge, I was able to learn more about chemistry. And with this winning experience, I would like to try for Nobel Prize.

I wonder how high school students can think creatively like this? They are certainly the future Nobel Prize winners. Hanwha Science Challenge identifies and nurtures young gifted talents who will lead the future science of Korea. We hope that they grow to become the young future Nobel Prize winners and we will give support for their energy.

Headlines for August 2016

1. [Hanwha Group] Chairman Seung Youn Kim visits Hanwha Q CELLS Jinchoen solar cell plant

“Hanwha members, you are my sun.”
This is the phrase written on a mini module by Chairman Seung Youn Kim during his recent visit to Jincheon plant of Hanwha Q CELLS as he encourages the employee. This affectionate phrase towards the employees shows his strong will to develop the solar business as the future industry of Korea. Chairman toured around the production facilities and had luncheon with the production employees and encouraged them.

Chairman Kim Seung-youn recently visited Hanwha Q CELLS’ solar cell factory built in Jincheon industrial complex in Chungbuk province on July 5th. Nam Seong-woo, CEO of Hanwha Q CELLS explained about the factory and the Chairman looked around the production facility and encouraged the employees.

Chairman Kim Seung-youn said, “Over the last 5 years, the Group has strived to concentrate on solar projects with an extraordinary commitment. We have considered the solar projects as the future business that we should develop with a long-term vision for the future of our humanity. And we have been fulfilling a great vision to foster it as another future industry that represents Korea.”

Moreover, he mentioned “We have changed the factory location from Malaysia where has lower manufacturing cost to Korea to fulfill our duty for increasing jobs and the strategic growth of solar industry in Korea.”, and “For this, we have invested 600 billion won to Chungcheong province area so far and created about 1,300 jobs.”

He emphasized that despite the current difficult economic situations the company is bringing the energy to the local economy by fulfilling ‘Going Further Together’ with the communities and contributing to the further development of the national economy.

On that day, Nam Seong-woo, CEO of Hanwha Q CELLS presented a memorial tablet made with the first solar battery cell that was produced in Hanwha Q CELLS’ Jincheon plant to the Chairman. And Chairman Kim Seung-youn signed and gave the mini module with the phrase “Hanwha members, you are my sun.”

During lunch, the Chairman visited a company cafeteria to encourage employees and shook their hands. He also had lunch with them and had a conversation while they were eating Seolleongtang together.

Hanwha Q CELLS’ Jincheon plant is built on 180,000m2 land. And it can produce cells for the total of 1.4 GW. So the total production capacity is now over 5.2 GW throughout Korea, Malaysia, and China. Hanwha Q CELLS became even more firmly the global No. 1 in solar cell production.


2. [Hanwha Group] 2016 Hanwha Chairman's Cup National Shooting Competition sponsored by Hanwha Group was held

Prior to visiting the factory in Jincheon, Chairman Seung Youn Kim visited Cheongju General Shooting Gallery in Chungbuk province where the opening ceremony of Hanwha Chairman’s Cup National Shooting Competition 2016 was held. This competition is the last official event before the Olympic Games Rio 2016. Chairman Kim cheered the players to do their best to raise the status of Korean shooting team and to show the potential of Korean players at the Olympic Games Rio.

Hanwha Chairman’s Cup National Shooting Competition 2016 was held at Cheongju General Shooting Gallery in Chungbuk province on July 5th. The event was to reenact the glory of the London Olympic in Rio and is a pre-game for the final testing of the national shooting team.

This event is one of five major shooting competitions in Korea. And this year marked its 9th event. Chairman Kim Seung-youn has founded this event in 2008 to promote unpopular shooting sport and to expand its popularity. And it has become the top national competition and the first and the only shooting competition organized by a private company.

Especially, all of conditions such as the stadium facilities, indoor environment, and the rules are prepared as same as the local conditions in Rio to increase the players’ performances.

Chairman Kim Seung-youn said, “Since getting the unprecedented results in shooting sport with the best performance ever in 2012 London Olympic, the status of Korean shooting team has been changed.” And he asked to put souls on every bullet to the challenge for the higher goals in Rio Olympic.
“A Shooting is the sport that requires a high degree of mentality and concentration. The moment you draw a line that you think you cannot do, you will face the limitation. But the moment you believe you can do it, a miracle will begin. I expect that you bring another big surprise once again. And we want to hear a good news from you in Rio.”

Since June 2002, the Group has been serving as the president of the Korea Shooting Federal. And the Group has been providing a full support for the development of the shooting sport in Korea by providing about 12.5 billion won to the shooting development fund.

Particularly, through establishing Hanwha Chairman’s Cup National Shooting Competition in 2008, the Group has helped to promote unpopular shooting sport. The competition improved players’ performances substantially. As a result, Korea became one of the greatest sporting nations through the best performances at the international competitions such as the Olympic and Asian Games.

3. [Hanwha Corportaion] Ranked 277th on Fortune “Global 500” List

I am sure you’ve heard about Fortune Global 500 before. US Fortune magazine has published the global brand index since 1990. The annual revenues of the top global corporations are measured for this index. 15 Korean companies have been ranked. And out of 500 corporations in the world, Hanwha has listed on 277th.

Hanwha Corporation has made a great progress among the Global 500 Companies by Fortune magazine. This year, Hanwha ranked 277th from 329th last year by climbing 52 steps. Many people paid the attention to this change because it is the greatest improvement among Korean companies ranked in Global 500. It is very fulfilling. Revenues have increased from 37.5 trillion won in 2015 to 41.4 trillion won in 2016. This figure is comparable to the global companies.

The reason for this rapid growth was credited to the four new affiliates that joined Hanwha through M&As last year. These four companies, Hanwha Total Petrochemical, Hanwha General Chemical, Hanwha Techwin, and Hanwha Systems had improved their performances last year.
In addition, Hanwha Defense Systems joined the Group as the newest member of Hanwha. We expect to see a higher ranking in 2017 through the synergy of the defense companies.
There is one more thing that we can’t overlook. Hanwha Q CELLS contributed to the new ranking. And Hanwha Life Insurance that reached the total assets of 100 trillion won in the earlier this year also helped increasing the ranking. We look forward to seeing further improvements of Hanwha next year.


4. [Hanwha Galleria] The grand opening of Galleria Duty Free 63

Galleria Duty Free 63 finally had its grand opening on July 15th. Since the pre-opening on Dec 28th 2015, every department such as tourism, marketing, and MD has been improved gradually. The ultimate plan is running the duty free business as one-stop for shopping and tour that connecting to the observatory and the aquarium in 63 Building.

Galleria Duty Free 63 is now fully opened in 63 Building. And its one-stop tour & shop of 63 Building is fully operating. They are going to focus on tourism products. And customers visiting Galleria Duty Free 63 will enjoy tour courses like remodeled Aqua Planet 63, 63 Art, and the observatory while shopping.

Galleria Duty Free 63 has about 540 brands and shops at the grand opening. And they are improving the MD organization. They added three exclusive luxury brands that opened only in Galleria Duty Free 63. Their luxury MD was strengthened by having four exclusive luxury brands such as Stefano Ricci opened in April, Golden Goose, Launer London, and Corneliani. In early August, Chanel Cosmetic will be launched for the first time among duty free shops in Seoul. In September, the brands of Kering Group such as Bottega Veneta, Saint Laurent, Balenciaga, etc. will be launched one by one. And it will help to strengthen the business.

Also Galleria Duty Free 63 signed a marketing partnership agreement with Wanda Group, the largest distributor in China to improve marketing contents. Galleria Duty Free 63 plans to attract Chinese tourists through 120 million members of Wanda Group. They are going to create the mileage partnership and promotional events by connecting two online shopping malls, Feifan of Wanda Group and Galleria duty free online shop.
“Feifan is the platform financially supported by Wanda Group providing online services for off-line distribution/service businesses. Signing the MOU with Hanwha Galleria has a meaning that it is the first collaboration with a foreign company, one of Korean off-line distribution companies as the first overseas expansion.
On the grand opening day, the ceremony was held while the participants including Hwang Yong-deug, CEO of Hanwha Galleria, employees of Duty-free business headquarter, and parties of Duty-free industry attended.

A day before the grand opening, Chairman Kim Seung-youn visited 63 Building to see the newly developed contents such as Galleria Duty Free 63 and Aqua Planet 63. He also encouraged employees who have worked very hard. Chairman also said that Galleria should contribute to the tourism industry of Korea by providing differentiated duty-free business despite the difficult distribution business environment and should continue serving the country through the business.


5. [Hanwha City Development] Held a ground-breaking ceremony for the Youngin Techno Valley

Hanwha City Development has been developing the industrial complex for high-tech in Daejeon, Asan, Seosan, Kimhae, and Hwasung. Through their experiences in the past and know-hows from successful cases, they had a groundbreaking ceremony of Yongin Techno Valley which is their 6th industrial complex for high-tech.

Yongin Techno Valley is built on 840,000m2 land in Deokseong-ri, Idong-myeon, Cheoin-gu. And it is the first industrial complex developed in Yongin city. Hanwha City Development, Hanwha E&C, and Yongin city have invested together for this project as a public-private partnership.

Park Dong-il, COO of Hanwha City Development said in his speech that they are going to try their best to attract companies with outstanding performances that can contribute to the development of the local economy as well as making Yongin as a self-sufficient city.

Yongin Techno Valley has received a lot of positive feedbacks from companies because of its convenient location and the appropriate selling prices. There have been 76 companies signed the contract during the presale last year. This is 72% of the entire selling units. And many companies continue to show their interests.

Yongin Techno Valley project scheduled to complete in 2018. It is expected to create over 6,000 jobs and have about 890 billion won worth of ripple effect to the economy.


6. Hanwha Q CELLS - Completed Hanwha Seosan Solar Venture Complex

As the needs of a new clean energy is rising, solar energy is getting more attentions as a solution to the air quality problem. The Group completed the Hanwha Seosan Solar Venture Complex with Chungnam Center for Creative Economy and Innovation. This solar venture complex is built to support small and medium sized solar companies for incubating, research activities, developing new products, and commercializing.

A forward operating base of the solar industry Hanwha Seosan Solar Venture Complex has been launched. It would be in charge of nurturing small solar energy companies, developing solar energy business, and commercializing.

The complex is a 4 story building with total floor area of 8.474 ㎡ and built on 16,734 ㎡ land in Seosan, Chungnam province. The construction started at the end of September 2015 and completed at the end of June.

When the Chungnam Center for Creative Economy and Innovation was launched in May 2015, the Group announced to create a solar business cluster in Chungcheong province area based on the global number one solar business of the Group through combining solar business commercialization hub in Chungnam province area, solar energy production plants in Chungbuk province, and solar R&D function of Daedeok Science Complex in Daejeon.

The Group has invested 20 billion won in Hanwha Seosan Solar Venture Complex, and they are planning to support about 3 billion won every year for the operation.

About 100 people including Nam Seong-woo, CEO of Hanwha Q CELLS, Lee Byung-woo, Director of Chungnam Center for Creative Economy and Innovation, Lee Wan-seop, Mayor of Seosan City attended the ceremony on July 22nd.

Nam Seong-woo, the CEO of Hanwha Q CELLS said in his speech that the company is going to fulfill ‘Going Further Together’ through the completion of the solar venture complex. He also said that he expects to see more jobs created and the fulfillment of creative economy by providing opportunities to expand domestically and globally through financial supports and excellent products.

Currently, there are total of nine solar research companies specializing in solar midstream, downstream sectors, and solar applications have moved in the complex. 22 more companies are scheduled to move in by the end of 2016.

We’ve developed a solar charger for cellphones and moved in to the complex to grow with Hanwha Group. We are going to make more solar application products that can be widely used by consumers with Hanwha QCELLS.

Chungnam province has the second largest amount of sunshine in Korea, and it also has lakes and the massive reclaimed land. It is the ideal location for our floating solar farm business. It is a chance to make a connection with Hanwha, and I am pleased for this opportunity to move in to the complex.

The special benefits and supports are provided to the companies moved in the complex. They are offered free-rent for the first two years and an outdoor test bed space for testing products. They are also provided a cell module test facility cooperating with Hanwha Group’ affiliates and certification authorities.
In addition, these companies are going to receive other supports in various forms such as the new regeneration energy innovation investment fund.

7. [Hanwha Hotels & Resorts] 63 Sea World has reopened with the new name, Aqua Planet 63

Do you know which aquarium first opened in 1985? Yes, it is 63 Sea World. 63 Sea World has reopened with the new name, Aqua Planet 63, after finishing remodeling which took about one year. It used to be the first aquarium in Korea but now it has started the new history as the first new concept multi-cultural aquarium.

Many employees including Moon Seok, President & CEO of Hanwha Hotels & Resorts gathered together to celebrate the opening ceremony of new aquarium.

Aqua Planet 63 was designed with a storyline that taking a trip to Aqua Planet 63 where many kinds of marine animals live after a wormhole was discovered underground of 63 Building.

You will get attracted to Aqua Planet 63 while enjoying various fish tanks which is combined the new digital technology like a projection mapping and the longest coral reef fish tank. There are performances that added arts and visual elements. You can see the new concept multi-cultural aquarium through various cultural contents.


8. [Hanwha Defense Systems] Held a new vision proclamation ceremony

There are three land weapon manufacturers in Korea. They are Hanwha Techwin, Hyundai Rotem Company, and Hanwha Defense Systems. Doosan DST changed its name to Hanwha Defense Systems by becoming a member of Hanwha on May 31st. Hanwha Defense Systems announced the new company vision and the new start of becoming a leader in the global defense industry.

Hanwha Defense Systems held a proclamation ceremony of new vision at Pullman Hotel in Changwon, Gyeongnam province on July 20th. About 350 people including Shin Hyun-woo, CEO of Hanwha Defense Systems, employees, and the members of partner companies attended.

The new vision is becoming a leader of the global defense industry that provides the trustful defense solutions. The CEO Shin said in his speech that Hanwha Defense Systems is the main company of Hanwha Group’s defense business which is the core growth engine of Hanwha Group. And he also mentioned that the company will play a pivotal role in helping the Group to grow as a ‘top-tier of the global defense.’ He encouraged the employees to do their best to accomplish the new vision with passion and pride.

Hanwha Defense Systems is a representative company of Korean defense, specializing in manufacturing armored vehicles, anti-aircraft weapons, guided missiles, launchers, etc. It achieved the total revenue of 693.2 billion won, 40.9 billion won operating profit, and 5.9% of the operating margin. They proposed the goals to reach the revenue of 1.2 trillion won by 2020 through the new vision and to grow as a leader of the global defense industry with the revenue of 2.3 trillion won in 2025. In order to accomplish these, each business unit is going to set ‘Three Top Strategies’ and focus on executing them. First, they are planning to improve Hanwha Defense Systems’ own stand-alone value by expanding the size of current projects. The next plan is expanding the business areas by maximizing the synergies of three defense companies of the Group. They are going to increase the exports with the co-marketing to the global market. The last one is leading the future weapon systems by using the core technologies and building the foundation for sustainable growth. The employees who attended the ceremony expressed that they are expecting to see the company grows as the newest member of Hanwha Group which is concentrating on the defense industry. And they have gained energy to run towards the new goals.

The industry is paying attending to Hanwha Defense Systems because they will expand their business areas through the collaboration between three defense companies of the Group, Hanwha corporation, Hanwha Techwin, and Hanwha Systems. The People are also expecting to see Hanwha Defense Systems plays an important role for growth of the defense industry.
We hope Hanwha Defense Systems to achieve their vision.

Headlines for June 2016

1. [Hanwha Life] Hanwha Life Annual Awards ceremony was held on May 13th.

Hanwha Life Insurance Annual Awards ceremony was held on May 13th at Kintex. The Chairman Kim Seung-youn attended the ceremony again this year to congratulate the recipients of the awards who had accomplished great results during the year 2015 even though they had faced difficult situations. He also delivered the words of encouragements to over 20,000 FP members who had achieved the total assets of 100 trillion won through the members’ dedication to their clients.

This year marked the 32nd anniversary of the Annual Awards. The Chairman Kim Seung-youn, Cha Nam-gyu, the CEO of HLI, and about 1,500 FPs and HLI employees attended the ceremony. Also the CEOs of 23 affiliates and 100 other employees attended.

At the ceremony, 700 FPs who had achieved outstanding results, and 40 sales managers received the awards. 40 overseas branch managers in Vietnam, China, and Indonesia attended as well. Their presence showed that HLI has the largest representation in the global market among Korean life insurance companies.

Especially, this year was more meaningful because HLI has celebrated achieving the total assets of 100 trillion won and has established a foundation of becoming a top-notch global insurance company. When HLI was acquired in 2002, the total asset was about 29 trillion won. But as of the end of January, it increased to over 100 trillion won which is over 3 times more in just 13 years.

to over 100 trillion won which is over 3 times more in just 13 years.
The Chairman Kim Seung-youn attended the ceremony again this year and gave words of appreciation to all FPs and employees for their efforts for achieving this remarkable result.

Through his remarks, the Chairman said that the company is now heading towards achieving 200 trillion won goal by 2024. And he emphasized that everyone needs to have a strong determination towards the new challenge and the innovation once more.

In addition, he asked them to become warm partners to their clients and members should protect lives of our clients with the “Going Further Together” spirit.

Moreover, he emphasized that the company must accelerate developing the future growth engines such as an Internet bank, the vitalization of Fintech, and the expansion of customer approach using big data.

Lastly, the Chairman received acclamation from the audience when he said “Keep challenging your dream is a way of keeping the promise to the happiness of our clients. Hanwha families will be remembered as a proud future.”

Meanwhile, the crown jewel of 2016 Annual Awards was given to Jung Mi-kyung, sales team leader of Daun branch in Sinulsan Regional Office. Her main strength comes from her customized financial consulting lectures that are targeting CEOs of small and medium sized companies and doctors. She has been receiving this award since 2011. This year was her 8th and 6 consecutive years.

2. [Hanwha Group] Completed an energy self-sufficient island, Jukdo

The Group, Chungchungnamdo province, and the Chungnam Center for Creative Economy & Innovation have put their strength together for making Jukdo island an eco-friendly and an self-sustainable island that takes care of their own energy demand only through solar and wind power. 18th of the last month, they had a dedication ceremony of the 210 kW solar convergence power system. This is the first outcome of the plan that the Group has promised, ‘Jukdo independent power generation plan,’ when the Chungnam Center for Creative Economy & Innovation was opened in last year May.

Jukdo Island is located in front of Hongseong coast in Chungnam province. It is a small island that covers 158,640 m2 and 70 people reside in 31 houses. They have been solely relying on a diesel generator for their needed electricity.

But now it has been substituted by the pollution free new renewable energy using the sun and wind energy. They have completed a solar convergence power system which generates about 210 kW of electricity under this energy self-supporting plan. The left over power will be stored in the Energy Storage System (ESS) and can be used at night and in bad weather condition. This system enables steady and stable power supplies to the residents.

The desalination facility which has been responsible for supplying fresh water to the residents will use power from this new renewable energy source. Furthermore, the energy can be used efficiently through the energy management system EMS by monitoring the consumption real time.

Meanwhile, the dedication ceremony was held on 18th of the last month. Kim Seok-whan, the governor of Hongseong-gun, Yoon Jong-in, the vice governor for administrative affairs of Chungchungnamdo province, Kim Yong-wook, the CEO of Hanwha S&C, Lee Byeong-woo, the chief of Chungnam Center for Creative Economy & Innovation and 100 other people attended the event.

The attendees congratulated and gave a big meaning to establishing the first 100% self-supporting island that uses the pollution free clean energy in the west coast of Korea.

Jukdo Island had spent 80 million won each year for the fuel of the diesel generator. Now they utilize the money for diesel fuel to develop tourism products such as an eco-friendly clean camping ground. This initiative is expected to contribute to revitalizing the local economy as well as increasing the income of the residents.

This camping ground makes Jukdo island stand out even more as a clean energy self-supporting island because they installed the solar rolling ad, a large-scale solar Wi-Fi zone, and solar bug trappers. In addition, they made an eco-friendly camping ground, a fishing park, a bamboo trail and many other tourism infrastructures.

Hanwha S&C and Hanwha Q CELLS participated in this project. And the new renewable energy power plant was built through the technologies of small companies supported by Chungnam Center for Creative Economy Innovation. It was a part of the fulfillment of the Group’s “Going Further Together” spirit as the large, medium and small companies working together. The Group believes that Jukdo Island is a touchstone of creating the clean energy self-supporting tourism. Furthermore, the Group is going to put its strength to create values that did not exist before by combining the solar business, revitalization of local economies and development of a pollution free clean tourism.

In the meantime, the media delivered the news that Jukdo Island is the first self-supporting island that uses 100% eco-friendly energy. And they introduced that this is the result of the promise that Hanwha Group and Chungnam Center for Creative Economy Innovation made a year ago.

3. [Hanwha Group] Held Chungnam Creative Economy Innovation Center 1st year commemoration

Chungnam Center for Creative Economy Innovation which is being sponsored by the Group marked its 1 year anniversary. On April 23rd, a commemoration was held at Chungnam Center for Creative Economy Innovation located in Chunan-asan KTX station. They took an opportunity to look back and proposed a plan for continuing support.

At the 1st year commemoration of Chungnam Center for Creative Economy Innovation, Choi Yang-hee, the minister of Science, ICT and Future Plannning, Hwang Yong-deug, the CEO of Hanwha Galleria, Kim Yong-wook, the CEO of Hanwha S&C, Lee Byeong- woo, the chief of Chungnam Center for Creative Economy Innovation, the presidents of the outstanding small and medium venture companies in Chungnam area, and 200 other people attended.

Choi Yang-hee, the minister of Science, ICT and Future Plannning said in his speech, we were able to see a lot of positive results in creating businesses in the solar area and branding agricultural and fishery products thanks to Chungnam Center and Hanwha Group’s support. And he said that the ministry is going to support creating businesses that young people can aim for the global market and taking a pivoting role that connects creating local jobs and the young people’s dreams toward jobs.

And, Kim Yong-wook, the CEO of Hanwha S&C explained the outcome of the Group’s support during the last one year. For example, he mentioned about the energy self-supporting island Jukdo and establishment of Seosan Solar Venture complex where solar related small businesses are being incubated.

Mr. Kim also emphasized that Hanwha Group’s support to Chungnam Center for Creative Economy Innovation is a real project that the Group and the small businesses advance together in solar area, and this successful model will take root in creative economy.

Along with the commemoration, a MOU for a local partnership was signed. For a sub-event, ‘C-Start Up Youth CEO Day, a childcare company exhibition, a mini-recruiting zone, a trade zone promotion exhibition, 6th industry show, and many other various events were carried out.

4. [Hanwha Q CELLS] Signed an MOU with Korea South-East Power Company to carry forward global solar business

Hanwha Q CELLS has signed an MOU for a comprehensive cooperative relationship with Korea South-East Power Company to carry forward the solar business overseas. After signing this MOU, they are going to launch the solar businesses in the U.S., Japan, and the emerging markets. They discussed the plan to develop total of 1 GW of solar businesses in the next 5 years by stages.

Hanwha Q CELLS has signed an MOU to establish a cooperative relationship for developing the global power generation business. The ceremony took place at the main conference room of Korea South-East Power Company (KOSEP) while employees of both companies attended the event.

Hanwha Q CELLS is going to cooperate with KOSEP for the entire process of the solar business from designing, procurement, construction, and to the operation. This cooperation will be based on both companies’ strengths. And they expect about 500 billion won of exports through this partnership.

Nam Seong-woo, the CEO of Hanwha Q CELLS spoke that the solar energy is being addressed as a safe energy source since it does not cause a secondary damage to the ecosystem in case of an earthquake and other natural disasters. And he told the audiences that through this strategic partnership, the Korea’s solar technology and the power management technology would be recognized in the world.

Heo Yup, the president of KOSEP expressed in his remarks that this MOU is very meaningful because both companies have secured the competitiveness to face the competitions with the global companies as they explore the oversea market together. He also expected that the partnership would contribute to the shared growth of the new renewable energy industry with small-medium sized companies.

Hanwha Q CELLS recently completed a solar cells and modules manufacturing plant in Jinchun and Eumsung in Chungchungbukdo province. Based on this manufacturing capacity in Korea, they are now the number one solar company in the world.

5. [Hanwha Total Petrochemical] Participated in the largest plastic show, 2016 China Plastic, held in Shanghai, China..

Hanwha Total participated in the largest plastic show, 2016 China Plastic, held in Shanghai China from April 25th to 29th.

China Plastic is one of the world’s top three plastic exhibitions with NPE held in the U.S., and K-Fair held in Germany. This year’s China Plastic was held on April 25th to 29th, and about 3,000 companies from 40 countries participated and shared information and introduced their technologies.

On April 26th, Hanwha Total invited resin product buyers and held a seminar to introduce the products. Buyers not only from China but also from Vietnam and India attended the seminar. The company was able to confirm that the buyers had a lot of interests in Hanwha Total’s technical seminar.

Meanwhile, Kim Hee-cheol, the CEO of Hanwha Total emphasized that Hanwha Total is a trusted partner who will “Going Further Together” to the success with the customers, and the company will maintain the partnership continuously.

Furthermore, they watched a promotional video together and participated in a give away event prepared by the employees of Hanwha Total. The buyers were satisfied by the preparation done by them.

Hanwha Total is not going to make this as just one time event. But they are going to continue making this event that the employees participate together and maintaining a good relationship with their customers.

6. [Hanwha Techwin] Participated in NEPCON China, held in Shanghai and introduced brand new products

Hanwha Techwin’s Industrial Machinery division participated in NEPCON China held in Shanghai. This year was more meaningful because it was the first time that Hanwha Techwin displayed their industrial machineries under the Hanwha brand.

NEPCON China held at Shanghai World Expo Center was the largest exhibition which introduced manufacturing apparatus, equipment, tools and materials for a surface mount and a printed circuit board in Northern China. The global companies such as ASM, Panasonic, Fuji participated along with Hanwha Techwin.

Hanwha Techwin introduced a high-speed chip mounter that can populate a part, a size of 0.2 mm width and 0.1 mm vertical length, a screen printer, and a display panel testing machine. They also introduced many solutions that implemented a “smart factory.”

Over 70% of the products displayed by Hanwha Techwin during the event were the brand new products. They optimized the customers’ values by introducing the advanced technologies and the products that customers’ needs are continuously reflected.

Hanwha Techwin showed their will to expand their business in industrial machinery sector through this exhibition. And they also announced their intention of strengthening their presence in the global market. The company’s revenue is expected to increase through improving the brand value.

Headlines for May 2016

1. [Hanwha Group] Chairman Kim visited the Chungnam Center for Creative Economy & Innovation

The Group has been contributing to the economy revitalization by leading the 6th industrialization, fostering the local economy development, and solar industry through the Chungnam Center for Creative Economy & Innovation. The center has been opened since last May. The Chairman Kim Seung-youn visited the center which is located in Cheonasan KTX station on April 5th. Chairman Kim said that making an effective result is important, and he promised to provide an active support for it.

The Group is supporting a Global Expansion Program (GEP) for small venture start-up companies and for their oversea businesses. The business reporting session of the second round companies in this program was held in the business center located in Cheonasan KTX station. The Chairman Kim Seung-youn visited the center, and he had an opportunity to listen to their business progress report.

A CEO of ‘The Ocean,’ Kim Doo-hwan said, his company was able to sign a contract for their contents and the marketing with renowned Japanese independent music producers thanks to Hanwha’s GEP program of Chungnam Center for Creative Economy & Innovation. He also said that the most promising start-ups were able to overcome the limitation of the global networks through this program. He expressed his appreciation to Hanwha and the Chungnam center.

In return, the Chairman Kim has promised that the Group is going to find promising start-ups that have outstanding ideas but lack the global network and support them to become a global company.

Furthermore, the Chairman visited a AREUMDRI store in the Galleria Department Store located near Chungnam Center for Creative Economy & Innovation. An AREUMDRI store carries local agricultural products with improved product designs created by MDs and designers of Galleria. And they added a better brand image and a story to these products. The Galleria shares its distribution channels with the AREUMDRI stores so that they can find buyers. This is one of the core businesses of Chungnam Center for Creative Economy & Innovation. Through this process, 6th industrialization has come true, and the simple local agricultural products turn into the premium level.

At the store, the Chairman met with Ko Tae-hoon, the CEO of ‘Geumsan Black Ginseng’. Mr. Ko was able to make premium products successfully thanks to the Group’s support. Chairman Kim listened to his difficulties and gave words of encouragement.

As he concluded the visit, the Chairman Kim Seung-youn promised more active support of the Group for the effective result so that the Chungnam Center can support the local economy’s revitalization.

2. [Hanwha Q CELLS] Hanwha Q CELLS invited the CEO of NextEra to Jincheon plant and had a celebrating event for the start of the mass production

Hanwha Q CELLS has signed a contract with the world’s largest power company NextEra to supply 1.5 GW of electricity. This is the largest solar module supply deal in the history. In order to supply the highest quality solar cells in timely manner, Hanwha Q CELLS decided to build an additional plant in Korea. The first solar cells from Jincheon plant rolled out in January. To celebrate this, Hanwha Q CELLS invited James Robo, the CEO of NextEra to Jincheon plant and had a celebrating event for the successful start of the mass production.

Hanwha Q CELLS’ Jincheon plant is located in the Jincheon Sansoo industrial complex. They secured the land for the plant last May. And they successfully started producing the high efficient solar cells that utilizing the world’s best technology PERC seven months after the construction began.

Jincheon plant is capable of manufacturing 1.5 GW of quantum cells annually. These quantum cells have the world’s best efficiency of conversion. Including the new plant in Jincheon, Hanwha Q CELLS now has three production facilities throughout the world. And these three plants can produce the total of 5.2 GW of solar cells and modules annually. Therefore, Hanwha Q CELLS became the number one solar cell and module manufacturing company in the world.

To celebrate the start of the mass production at Jincheon plant, Hanwha Q CELLS held a celebration event in the morning of March 31. At this event, Lee Si-jong, the governor of Chungbuk province, James Robo, the CEO of NextEra, Nam Seong-woo, the CEO of Hanwha Q CELLS, Kim Dong-Kwan, the Chief Commercial Officer of Hanwha Q CELLS, and Choi Kwang-ho, the CEO of Hanwa E&C attended. They watched a Hanwha Q CELLS’ promotional video. And Ryu Seong-joo, the plant manager gave a report on the progress of the construction and the operation target.

Nam Seong-woo, the CEO of Hanwha Q CELLS said in his welcoming remarks, SolarOne and Q CELLS merged to become Hanwha Q CELLS in the beginning of 2015. And Hanwha Q CELLS set the goal of becoming the world’s number one in solar business. He expressed that Hanwha Q CELLS and all of employees are going to try to become a center of world’s solar industry.

James Robo, the CEO of NextEra said in his speech, the contract with Hanwha Q CELLS to supply the largest volume of solar modules surprised everyone in the industry. A big risk was expected from this deal, but it was the right decision to choose Hanwha Q CELLS as an ideal partner to NextEra.

The attendees had a ribbon cutting ceremony and celebrated the fact that Hanwha Q CELLS now has a capacity to manufacture the world’s largest volume of solar cells and modules.

Furthermore, they took a tour around the facilities after planting a commemorative tree and signing the plaque. James Robo complimented that Hanwha Q CELLS has outstanding quality products compared to other competitors. And he said NextEra is planning to use the entire Hanwha Q CELLS’ modules to build 17 solar farms in six states in the U.S, and he expressed his satisfaction with the quality of the products. The day’s schedule was concluded as they visited the plant manufacturing modules in Eumseong and looked around the production line.

3. [Hanwha Group] Held ‘Orchestra Festival with Hanwha,’ Korea’s largest classical music festival from April 1st to 22nd

The Group has been sponsoring the ‘Orchestra Festival with Hanwha’ for 17 years. This year’s festival began on April 1 with KBS Symphony Orchestra and closed with the performance by Seoul Philharmonic Orchestra. Many talented classical music performers who are active in Korea as well as in overseas performed during this year’s event. They touched many audiences with classical music.

This year’s orchestra festival began with the KBS Symphony Orchestra conducted by Yoel Levi. 19 orchestras from the whole country participated, and the festival continued until 22nd of April. The final performance was scheduled for Seoul Philharmonic Orchestra.

This year’s theme was ‘Meet everything about an orchestra,’ and participating teams delivered the tone, the ethnic color, the mood of each period, and the composers’ characters that the orchestras can present.

From Haydn who is a prominent composer from the classical period to the world premiere pieces by contemporary composers, this year’s festival delivered music that covers 300 years. The orchestras also presented the masterpiece by Beethoven and widely loved pieces of Tchaikovsky and Rachmaninoff.

The total audience was about 33,000 during 22 days of the festival. And about 6,000 of our employees and customers enjoyed the Korea’s best and the largest classical music festival.

Since 2000, the Group has established a strategic partnership with Seoul Art Center for the development of the cultural industry and has been sponsoring the festival for 17 years. This event is one of the Korea’s renowned Mecenat programs that harmonize the company and the culture.

4. [Hanwha Engineering & Construction] Won $400 million chemical plant construction project in Saudi Arabia

Hanwha E&C has won a chemical plant construction project in Saudi Arabia. It is about 400 million dollars in size. This deal is based on the know-hows that Hanwha E&C has accumulated in chemical plant sector in this region.

A contract signing ceremony was held at Al-Khobar Intercontinental Hotel in Saudi Arabia. Choi Kwang-ho, the CEO of Hanwha E&C, Al Qahtani, the chairman of SAPC, and other members of this deal attended the ceremony.

Hanwha E&C is going to build a chemical plant that can produce 670,000 tons of petrochemical products annually. It is going to be built in 2nd industrial complex of Jubail which is located in South East part of Saudi Arabia. This project is carried out as an EPC type as Hanwha E&C is going to handle design, procurement, and construction of this project. This new plant is scheduled for completion in the beginning of 2018. They improved the degree of completion of the design by using Early Work Agreement method through prior consultations with the owner. It is unique because the owner will do the test run. Therefore it lowered the business risk of Hanwha E&C.

This is a result of the company’s internal stability plan. It is expected not only strengthening the performance but also generating stable profits.

5. [Hanwha Systems] Selected as a candidate of a preferential negotiation for AESA, Multifunctional Phased Arrayed Radar for a Korean fighter jet by Agency for Defense Development

Hanwha Systems has been selected as a candidate of a preferential negotiation for AESA, Multifunctional Phased Arrayed Radar for a Korean fighter jet by Agency for Defense Development. Only a few advanced countries have this technology, and it is one of must-have technology for the Korean fighter jet.

AESA radar is an eye for a KF-X Korean fight jet. It can detect the enemy fighter jets and is the essential equipment for dogfights. This radar can performs 3~4 times better than a conventional radar during the dogfights.

The AESA radar project is researched in Korea and supervised by Agency of Defense Development. DAPA (Defense Acquisition Program Administration) selected Hanwha Systems as a candidate of a preferential negotiation for the AESA radar after the careful evaluation of their capability of this technology and the cost.

Over one trillion won revenue is expected from this business in the future. And it is going to help improving the performance of KF-15, T-50, and other operating aircrafts as well as helping for exporting businesses.

Hanwha Systems is going to develop the AESA radar by 2020 through interchanging technology with Agency of Defense Development.

6. [Hanwha Corporation/Machinery] Participated in SIMTOS 2016, one of the world’s top 4 machine tools exhibitions.

Hanwha Corporation Machinery division is trying to become number one in CNC automatic lathe sector in Korea as well as in the world. This goal is based on their speed and dynamic. They participated in this year’s SIMTOS 2016 held in Kintex from April 13 through 17 for 5 days.

Korea’s largest machine tools show SIMTOS 2016 is considered one of the world’s top four machine tools exhibitions. In this year’s event, 1,132 companies from 35 countries had participated. It was the largest ever held.

Hanwha introduced a 45 type automatic lathe ‘XD45(N)’ for the first time during the show for targeting the large parts market. And they attracted many visitors to the 7-axis 20 mm automatic lathe ‘XD20 II (NH)’ for targeting the automobile market.

They demonstrated a work process and distributed catalogues. And they also had a Hanwha Eagles baseball event and other promotional events to promote their new products.

Meanwhile, they held a reception event with foreign dealers to strengthen the partnership. A banquet was held at Hanwha Aqua Planet in Ilsan. A tango with classical music in front of the large aquarium tank was performed as well as a banner performance. The company gave awards to the excellent dealers and spent the time to share the vision to become world’s number one and to improve brand image in Korea as well as in overseas.

Kim Youn-chul, the President of Hanwha Corporation Machinery division said the company is going to strengthen its competitiveness under the motto SPEED and DYNAMIC for next 5 years, and is going to provide a fast service through modularization.