Business Overview

In the chemical industry, Hanwha is growing as a world-class leader in oil, chemicals, synthetics, and advanced materials. Hanwha is a global leader in total solar solutions, with sales and R&D presence in more than 40 locations around the globe. It captured the largest market share across Germany, Italy, the UK, South Korea, Japan and the US (residential market). In addition, the business is focused on electricity retailing and downstream power generation while developing other forms of eco-friendly energy such as green hydrogen.

Hanwha is expanding its presence in the aerospace industry. It is a trusted partner of global aircraft engine manufacturers such as GE, Pratt & Whitney, and Rolls-Royce and produces vital rocket components for Korea’s space launch vehicles. In 2021, Hanwha established its Space Hub to secure its leadership position in the space industry. The task force’s prime focus is the development of ultra-compact and lightweight satellites—a key driver in developing future, advanced technologies. Hanwha continues to grow all future mobility-related projects, including those in the urban air mobility (UAM) market. In the field of mechatronics, Hanwha is responsible for a wide array of products, such as precision robotics, deep learning and AI, smart factories, and even imaging systems installed in orbital satellites. With world-class products, Hanwha continues to grow as a leader in the global security industry.

Hanwha is on track to become a top-tier financial service provider in Asia, having presciently entered emerging markets such as Vietnam, China, and Singapore. With the expertise gained from being South Korea’s second-largest non-banking financial operation, Hanwha provides customers with a comprehensive catalog of services including insurance, securities, and asset management. The company is delving into digital finance by fostering the next generation of fintech startups, investing in insuretech, and launching a digital securities firm. In 2021, in pursuit of more sustainable practices, its six financial divisions jointly announced a “coal-free commitment”—a pledge to reduce their carbon footprint while providing greener financial services.

Hanwha’s solid reputation in the engineering and construction industry is built on a foundation of industrial site developments located around the world. One such development is building Bismayah, a brand-new city in Iraq, established on the outskirts of Baghdad with 100,000 residential units. Hanwha also provides luxury resort and shopping experiences at locations in Korea, Japan, and Southeast Asia and is growing as a premium lifestyle services provider across the globe.