Headlines for May 2018
1. [Hanwha Group] Attended the Boao Forum for Asia
The Boao Forum for Asia, known as the Asian version of the Davos Forum, was held in Hainan, China on April 8th and was attended by the world‘s economic and political leaders. During the forum, the Group was first among Korean companies to organize one of the official sessions.
The theme of this year’s forum was “An Open and Innovative Asia for a Greater Prosperity.” The Group has participated in the forum for five consecutive years. Through the forum, they have expanded their understanding of China and Southeast Asia, and carried out private economic diplomacy activities as they strengthen their global networks.
Particularly, Kim Dong Won, Hanwha Life Insurance’s Chief Innovation Officer, who was selected as a Young Business Leader at the 2017 Boao Forum, attended a discussion hosted by the president of China, Xi Jinping, being recognized as a next-generation leader in Asia. He was invited to the meeting where he communicated with about 50 world business leaders.
Meanwhile, the Group organized a round-table discussion entitled: “Blockchain: Theory, Technology & Application.“ The participants, professionals in business and academia, had a heated discussion about the possibility of growth and formation of a global ecosystem for emerging blockchain technologies.
The Group will continue their interchange with global fintech companies, start-ups, and blockchain professionals and focus on expanding their networks in this area. Also they will expand their presence in the global market as they strengthen their position as a bridge between companies and start-ups.
2. [Hanwha Aerospace] Held Inauguration Ceremony for Hanwha Aerospace
On April 1, Hanwha Techwin changed its name to Hanwha Aerospace, and its Security Business Group was separated from Hanwha Techwin at the annual shareholders’ meeting. The inauguration ceremony for Hanwha Aerospace was held on April 3rd at their headquarters in Changwon, Gyeongsangnamdo province.
CEO Shin said that with the name change to Hanwha Aerospace, the company now has a solid identity as an aviation company. He also emphasized that all employees must work together to achieve the vision of “Becoming the No.1 Global Partner in Aircraft Engines.”
Hanwha Aerospace now has five subsidiaries: Hanwha Land Systems, Hanwha Power Systems, Hanwha Precision Machinery, Hanwha Systems with four existing business units, and Hanwha Techwin, the new name of the Security Business Group of Hanwha Techwin.
Hanwha Aerospace has been the only gas turbine engine manufacturer for Korean fighter jets and helicopters in Korea. We hope to see Hanwha Aerospace soaring into the sky as a global aircraft engine manufacturer.
3. [Hanwha Life] Opened a new DreamPlus center in Seoul, Korea
Hanwha Life Insurance opened DreamPlus Gangnam for the purpose of vitalizing a startup ecosystem.
The DreamPlus Gangnam is a place where large corporations and startups can network with each other, and investors can find startups with potential. It is the largest office sharing space in the Gangnam area, with a total of 15 stories with 2,500 seats available. About 90 startups and related organizations, innovation teams from large corporations, and investors have already moved in.
Through the establishment of DreamPlus Gangnam, Hanwha Life Insurance is planning to expand the startup ecosystem and develop open innovation models through cooperation with other companies. We look forward to seeing the DreamPlus Gangnam become a hub connecting elements of the the startup ecosystem.
4. [Hanwha General Insurance] Held the 2017 Annual Awards Ceremony
Hanwha General Insurance held their 2017 Annual Award ceremony on April 11th at the Kintex grand ballroom. At the ceremony, over 380 people, including employees, award recipients, and consumer evaluators attended and enjoyed the festival together.
This year’s insurance king was Ham Sung-dae, an FP from Cheongju branch who has won the title for two consecutive years. He has achieved a cumulative retention rate of 94.2% with an annual revenue of 2.7 billion won by focusing on selling property damage insurance and group accident insurance for small companies.
Park Yun-sik, CEO of Hanwha General Insurance congratulated those who received awards for achieving outstanding results by spreading the true value of insurance. And he promised to establish an organizational culture that allows the company to grow again this year with a sales goal captured in the phrase, ‘a whole family of complete coverage’, which is about impressing the customers with the options available to them.
We will cheer for those FPs working for Hanwha General Insurance in a fierce sales environment while keeping their smiles and trying to impress their customers at the same time.
5. [Hanwha Group] Celebrates its 30th year of 2018 Classic Festival with Hanwha
The 30th Orchestra Festival with Hanwha began with an even greater number of programs this year. This year’s theme was ‘Festival,’ and it was prepared in such a way that people could enjoy a festive atmosphere during what has become the best orchestra festival in Korea.
17 orchestras in Korea and the Taiwan Philharmonic, one of the top symphonies in Asia, performed a total of 18 times.
This year’s festival celebrated its 30th year with a special event on the eve of the festival’s opening. 50 musicians who are actively performing in Korea and abroad organized a wind symphony conducted by Kim Young-ryul, a hornist. Their performance on the eve of the festival’s opening announced its beginning, and it was followed by a special performance from the Hanwha Employee Choir and added a different flavor to the festival.
During the last 30 years, the Orchestra Festival has emerged as the best and the largest classical music festival in Korea. We hope to see the world-class performances and various repertories of Orchestra at the Orchestra Festival with Hanwha every year.