Business Overview

In the energy industry, Hanwha is working to build an integrated value chain that covers everything from production to storage, transportation, and power generation. To advance the global energy transition, the company is at the forefront of building a green energy value chain that spans solar, wind energy, and hydrogen. In the U.S., while maintaining its top position in the residential and commercial solar sectors, Hanwha recently announced a $2.5 billion investment to expand its solar manufacturing presence to form a complete end-to-end solar value chain. It is also accelerating the development of onshore and offshore wind power generation, utilizing wind turbine installation vessels (WTIV) to ensure a dominant market position.

Hanwha is the first in the world to have successfully demonstrated hydrogen co-firing of up to 59.5 percent in an 80-megawatt-class gas turbine, reducing both carbon and nitrogen oxide emissions significantly as a result. In addition, by leveraging its cutting-edge technology in LNG carriers, LNG-FSRU and offshore plants, Hanwha is expanding its LNG value chain to provide optimized energy solutions.

In the materials industry, Hanwha is manufacturing green essential materials, expanding investment in and development of innovative technologies as it continues to advance its eco-friendly and high value-added chemical businesses, including recycling waste plastics and eco-friendly bioplastics.

In the aerospace industry, Hanwha provides solutions to create sustainable infrastructure on Earth and in space by innovating proprietary technologies. In addition to the remarkable success of Nuri, the Korea Space Launch Vehicle-II (KSLV-II), Hanwha has accumulated expertise in space technologies through various projects, working to establish a comprehensive space value chain including manufacturing, launch and transportation, and satellite services.

Hanwha is securing future growth engines by investing in companies with advanced technology. It expects to generate synergy through its collaboration with OneWeb on low Earth orbit (LEO) satellite communications technology. Further, Hanwha is developing Butterfly, a UAM vehicle, together with Overair while exploring additional opportunities to offer total solutions for future mobility.

Hanwha’s expansive portfolio also includes intelligent AI camera and analysis technology, AIoT platform convergent technology, shipbuilding expertise, large-scale plant management, and advanced offshore plant construction capabilities.

Hanwha’s financial businesses, which extend across Vietnam, China, Indonesia, and Singapore, offer digital financial solutions optimized for diverse lifestyles. The company proactively invests in and advances the latest tech-based financial services, including AI and big data, and has developed digital investment platforms STEPS and PINE as well as a 100% digital insurance carrier, Carrot. Through DREAMPLUS, an open innovation platform and startup accelerator, Hanwha supports startups and young entrepreneurs.

In the retail & services industry, Hanwha is leaping forward as a lifestyle platform company, offering tailored experiences through premium lifestyle department stores, luxury boutique hotels, high-end resorts, and commercial complexes. Hanwha boasts extensive expertise in engineering and construction and builds all types of essential infrastructure from residential complexes to offshore wind across the world.