History

1952 ~ 1963 : Foundation of Business

Steady expansion from manufacturing explosives for Korea to other basic manufacturing
industries elevated us into the ranks of Korea’s top 10 business groups

  • 1952
    Founded as Korea Explosives Company (Currently, Hanwha Corp.)
  • 1955
    Acquired Incheon Production Facility from Chosun Oil and Fat Company

1964 ~ 1980 : Business Growth

Business expansion that Hanwha undertook this time was based on our philosophy that business
should contribute to the society and the nation

  • 1965
    Hanwha established Korea Hwasung Industrial Co.
    (Currently, Hanwha Chemical and Hanwha Advanced Materials)
  • 1969
    Hanwha established Kyung-In Energy
  • 1976
    Hanwha acquired Sungdo Securities
    (Currently, Hanwha Investment & Securities)

1981 ~ 1995 : 2nd Foundation

Entering the chemical, leisure, and retail fields through strategic acquisitions,
Hanwha dramatically expanded business portfolio

  • 1981
    Seung Youn Kim became
    the chairman of Hanwha
  • 1982
    Hanwha acquired Hanyang Chemical and Dow Chemical Korea
    (Currently, Hanwha Chemical)
  • 1985
    Hanwha acquired the Junga Group
    (Currently, Hanwha Hotels & Resorts)
  • 1986
    Hanwha acquired Hanyang Stores
    (Currently, Hanwha Galleria)
  • 1992
    Korea Explosives Group renamed Hanwha Group

1996 ~ 2006 : Building Momentum

Hanwha systematically restructured the business for long-term growth and strengthened
finance network as it expanded into the insurance industry

  • 1999
    Hanwha established Yeochun NCC
  • 2000
    Hanwha acquired Dongyang Department Store
    (Currently, Hanwha Galleria Timeworld)
  • 2002
    Hanwha acquired
    Korea Life Insurance and Shindongah Fire & Marine Insurance
    (Currently, Hanwha Life and Hanwha General Insurance)

2007 ~ Present : Accelerating Global Business

Entering new growth engine fields such as solar energy, Hanwha laid the foundation
for quality growth worldwide

  • 2007
    Hanwha announced its new CI(Corporate Identity)
  • 2007
    Hanwha Engineering & Construction
    won a Saudi Arabian power plant project
  • November 2007
    Hanwha Advanced Materials acquired the US-based Azdel
  • April 2009
    Hanwha Life’s Vietnam branch
    began local sales
  • August 2010
    Hanwha acquired a 49.99% equity stake
    in SolarFun Power Holdings of China
    (Currently, Hanwha SolarOne)
  • February 2011
    Hanwha Chemical’s Ningbo PVC plant in China
    launched commercial operations
  • June 2011
    Hanwha China launched
  • May 2012
    Hanwha Engineering & Construction
    won Bismayah New City Project (USD 8 Billion)
  • October 2012
    Hanwha Q CELLS launched by acquiring
    the Germany-based Q.CELLS
  • December 2012
    Sino-Korea Life Insurance, a joint venture of Hanwha Life and Zhejiang International Business Group, began operations
  • January 2013
    Hanwha agreed to install solar panels
    for WEF(World Economic Forum)
  • October 2013
    Hanwha Life’s Indonesian branch
    began local sales
  • September 2014
    Hanwha Asset Management established
    a joint venture in China
  • February 2015
    Hanwha launched Hanwha Q CELLS by integrating
    Hanwha SolarOne and Hanwha Q CELLS Investment
  • March 2015
    Hanwha Advanced Materials acquired the German automotive component manufacturer, Heycoustics
  • May 2015
    Hanwha General Chemical and Hanwha Total Petrochemical were launched by acquiring Samsung General Chemicals
    and Samsung Total Petrochemicals
  • June 2015
    Hanwha Techwin and Hanwha Thales were launched by acquiring Samsung Techwin and Samsung Thales
  • June 2016
    Hanwha Defense Systems was launched
    by acquiring Doosan DST
  • October 2016
    Hanwha launched Hanwha Systems by acquiring the remaining 50% stake in Hanwha Thales from the Thales Group
  • July 2017
    Hanwha Land Systems, Hanwha Power System,
    and Hanwha Precision Machinery were launched
    as subsidiaries of Hanwha Techwin
  • April 2018
    Hanwha Aerospace was newly launched by separating
    Hanwha Techwin’s aircraft/gas turbine engines businesses
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