Headlines for May 2019
1. [Hanwha Life] Held 10th anniversary celebration and End of Fiscal Year Awards ceremony in Vietnam
Hanwha Life Insurance became the first Korean life insurer to enter Vietnam's insurance market in 2009, and had the fastest growth among life insurers in less than 10 years. To mark its 10th year in Vietnam, HLI held a commemorative event and a 2018 Vietnamese Corporate Annual Awards event in Danang on April 11.
The event, held at the Grand Ballroom of the Vinpearl Luxury Danang in Vietnam, was attended by about 300 employees, including Vice Chairman of Hanwha Life, Cha Nam-kyu, the Chairman of Hanwha Life Vietnam, Baek Jong-guk, as well as executives and FPs.
Members of the Vietnamese government, Phung Ngoc Khanh, the director of the Insurance Supervisory Authority, and Ngo Viet Trung, the deputy director of Insurance Supervisory Authority, were there to celebrate the 10th anniversary and the 2018 Annual Awards event.
Hanwha Life Vietnam is said to have made a soft landing because it has been able to secure a stable organization and perform well. Based on the spirit of Going Further Together, we hope Hanwha Life will develop into a leading insurance company in Southeast Asia in the next 10 years.
2. [Hanwha Chemical] Signed an agreement for the establishment of Innovation Technology Research Center with Yonsei University
Hanwha Chemical signed an agreement with Yonsei University to establish an Innovation Technology Research Center. The research center is scheduled to run for five years from May 1 to April 2024. The major research areas are five tasks in two categories: hydrogen production through water electrolysis and the production of eco-friendly plastics which are biodegradable.
The researchers include six professors, including Moon Il, an authority on chemistry and chemical engineering in Korea. All of the research projects will be based on eco-friendly technologies, and the researchers will build a foundation for the transition to a circular economy that reduces environmental pollution through research on eco-friendly technologies.
The industrial-academic research cooperation is expected to help strengthen the competitiveness of the domestic petrochemical industry. We will support Hanwha Chemical's great efforts considering the environment!
3. [Hanwha Systems] Aims for comprehensive operation for the fourth industrial revolution of the national defense
With the fourth industrial revolution, cooperation in future technology for advanced defense technology is more important than ever. Hanwha Systems and the Korea Military Academy have joined forces on defense AI and drone research.
Hanwha Systems signed an agreement with the Korea Military Academy for the first time as a defense company and strengthened its technological leadership in the fourth industrial revolution to advance national defense.
Under the agreement, Hanwha Systems and Korea Military Academy will develop new technologies for national defense by combining Hanwha Systems technology for defense IoT, artificial intelligence (AI), and drone unmanned systems, along with the Korea Military Academys specialized research infrastructure and defense know-how.
As part of these activities, Hanwha Systems plans to strengthen the industry-academic networks by carrying out mutual exchanges of researchers, and supporting cadet education by providing internships, exchanging technical information, and providing technical advice.
We expect that this business agreement will become an excellent example of collaboration between industry, academia and military for advanced national defense.
4. [Hanwha Life] Opened Hanwha Life Park, a new training center of Hanwha Life
Chairman Seung Youn Kim attended the opening ceremony of Hanwha Life Park, a new training center of Hanwha Life, located in Yongin, Gyeonggi Province, to encourage executives, employees, and FPs. In the future, about 20,000 employees of Hanwha Life and FP will have a comprehensive financial services education program. The visit marks Chairman Kims first visit to the business site this year, and he asked the attendees to enhance their competitiveness in the future by securing talented people and fostering them.
Hanwha Life Park offers training sessions for 600 people in 14 classrooms at the same time, and it has 200 rooms and facilities such as a soccer field, an indoor gym, and a sauna.
In his congratulatory speech, Chairman Kim said that the raising people properly rather than building a factory is the way to expand the value of entrepreneurship, and he asked for greater competitiveness by securing and nurturing talented people.
He also said that he believes Hanwha Life Park will become a source of change and innovation that makes Hanwha Groups financial sector more hopeful, and he hope Hanwha Life Park will become a new driving force in Hanwhas financial sector to spread the value of LIFEPLUS and nurture talented people who will lead the future.
The natural beauty and grandeur that harmonize with the Hanwha Life Life Park seems to be a training center for the worlds top financial company. We sincerely congratulate Hanwha Life Park on its opening in hopes of cultivating talented people who will grow the future of Hanwha.