Headlines for September 2018
1. [Hanwha Group] Announced 35,000 New Hires and 22 Trillion Won Investment over The Next Five Years
The Group announced plans to strengthen its global business competitiveness by investing 22 trillion won in new and core businesses over the next five years until 2022 and prepare for the 4th industrial revolution by expecting the innovative growth. The annual average investment of 4.4 trillion won is a 37% increase from the average of last three years, which was 3.2 trillion won.
Meanwhile, the Group is going to actively create good jobs and recruit 35,000 people over the next five years. The Group’s annual recruiting had remained between 3,000~4,000. Since 2016, however, that number has increased to about 6,000 when the Group built new solar manufacturing facilities and started new businesses. The Group is now planning to hire about 7,000 people annually, which is the largest number in the history of Hanwha.
Through these medium and long-term plans for investment and recruitment, the Group expects that 2018’s 70 trillion won in revenue would reach 100 trillion won in 2023.
2. [Hanwha Systems] Hanwha Systems - Hanwha S&C Merged to Become Hanwha Systems
Hanwha Systems and Hanwha S&C merged and began as a new company ‘Hanwha Systems’ as of August 1st. Under their new vision as a global leading solution provider for defense and IT services, they held a shareholders’ meeting and announced the beginning of the new merged company.
The merged Hanwha Systems is going to combine the former System’s radar and sensor development competencies and ICT’s system integration competency in the short run. This combined effort, for example, is expected to create synergy in a drone control and surveillance system and an IoT business for a defense resources and battlefield management.
In addition to these, Hanwha Systems plans to create more synergy by combining more of the two companies’ strengths in order to upgrade the existing businesses and increase revenue. We look forward to seeing the new Hanwha Systems’ meet their goal of reaching 6 trillion won in revenue by 2027.
3. [Hanwha Group] Opened the DreamPlus online platform, a group’s social contribution brand of human resource development
Hanwha Group plans to fulfill its social responsibilities while securing new growth engines through investment and recruitment at the same time. The Group has opened the DreamPlus online platform, which includes core information for those looking to set up a startup or search for jobs.
DreamPlus is Hanwha’s social contribution brand of human resource development and a program developed mainly to assist with setting up a startup or a job search.
The DreamPlus platform is created with the concept, “Find your dream, Challenge your dream, and Connect your dream”. These are the key phrases of this new startup ecosystem that the Group has been pursuing.
DreamPlus is the first case in which a large corporation has taken a lead in the development of an innovative startup ecosystem. Through the opening of the online platform, DreamPlus will become a center for promoting a startup ecosystem along with DreamPlus’ offline integrated platforms, DreamPlus 63 and the Gangnam center. The Group will continue to invest and provide support for a startup ecosystem.
4. [Hanwha Energy] Held a Groundbreaking Ceremony of Hydrogen Fuel Cell Power Plant in Daesan
Interest in clean energy is increasing along with concerns about climate change. Hanwha Energy held a groundbreaking ceremony for a mega power plant to produce a byproduct-hydrogen fuel cell for the first time in the world. This power plant is an eco-friendly facility of the future that converts chemical energy to electric energy when hydrogen reacts with oxygen.
Hydrogen fuel cell power generation is a method that generates electricity by extracting hydrogen, a byproduct of chemical processes from the petrochemical complex, and creating an electrochemical reaction with oxygen. This is the first mega fuel cell power generation plant that uses byproduct hydrogen in Korea as well as in the world. Hydrogen fuel cell power generation does not create nitrogen oxide(NOx), sulfur oxides(SOx), or fine dust when it generates electricity. It is an eco-friendly power generation facility because it filters ultrafine dust through micro-filters.
With this, Hanwha Energy can strengthen their position as a comprehensive energy provider by adding a hydrogen fuel cell power generation business to their existing business portfolio of energy and solar power generation.
5. [Hanwha Group] Held the final round of Hanwha Science Challenge 2018
The final round of the Science Challenge 2018, a challenge for science-gifted students to save the world, was held from August 21st to 23rd at Hanwha HRD Center.
This year was the eighth Science Challenge and each year the contest has used the same theme, “Saving the Earth”. The event requires outstanding creative ideas that can solve four different global issues. These four issues deal with how the earth and humanity can coexist. Since this challenge is the largest science competition in Korea for students gifted in science, a total of 1,248 students from 624 teams signed up. This year’s event set the record for attracting the largest number of participants.
The Group is providing support for the previous winners of the competition and opportunities to communicate with each other so that they can take on new challenges for their dreams with pride as Science Challenge winners. Until we have a Nobel Prize winner from among Hanwha Science Challenge winners, we continue cheer for all those science-gifted kids who are striving for their dreams for the future.