Hanwha strongly believes in mutual growth through partnerships
with our valuable partners around the world.
- Commitment to Mutual Growth
- Since 2009, Hanwha has fostered fair and collaborative partnerships with some 1,350 small and medium-sized enterprises. We help them grow their businesses by strengthening their core competencies, supporting their financial needs, and engaging in fair trade practices. In 2011, we set out to promote and sustain mutual growth with our partners – to not compete but to increase support. Each year since then, we have created a co-prosperity fund of USD 11.9 billion and a private equity fund of USD 17.1 billion, earmarked for mutual growth.
- Building Winning Partnerships
- Our remarkable growth is due in large part to the mutual respect and business vision we share with our subcontractors. We actively engage our subcontractor, holding frequent CEO-level meetings to improve mutual business practices, resolve challenges, and build winning partnerships. Hanwha Corporation and Hanwha E&C launched the Win-Win Cooperation Council in order to share Hanwha’s expertise and best practices with our partner companies. This council promotes joint venture opportunities, technology transfers, and favorable commercial terms.
- Leading by Example
- Hanwha’s leading affiliates have executed various programs to share knowledge and expertise with partners to help them strengthen their technology and management competitiveness. Hanwha Corporation funded the Industrial Innovation campaign led by the Ministry of Trade, Industry, and Energy and has also provided consultation and equipment for improving productivity and innovation to 20 partners. Hanwha Chemical signed a memorandum of understanding (MOU) with the Korea Industrial Safety Association for our partners to adopt safety incident prevention measures and increase productivity by implementing best-practices, safety management, and working processes. Hanwha Techwin supports partners’ safety management and environment improvement through win-win programs on safety and health, while Hanwha Systems and Hanwha Total Petrochemical provide quality education and technology seminars to partners. Hanwha E&C also works together with its partners to expand sales networks in South Korea and work together abroad. Hanwha Advanced Materials invests in the facilities of its partners, leasing equipment free of charge and offering various support. In addition, Hanwha Hotels and Resorts visits its partners to provide classes in sanitation and Hanwha Galleria hosts a regular contest to find promising businesses and give them new opportunities.
- Invigorating the Regional Economy
- In May of 2015, Hanwha opened the Chungnam Center for Creative Economy and Innovation. The center focuses on developing South Korea’s solar energy hub, its world-class small and medium-sized enterprises, and its high value-added agro-fishery products. The Hanwha DreamPlus Global Expansion Program helps promising startup companies expand into global markets. In collaboration with the Chungnam Center, Hanwha annually selects up to 15 companies to receive practical assistance for commercialization overseas. Each of the 15 companies also receives funding support to introduce their products and technologies into foreign markets.