Hanwha Broadcasting Center On Air

Hanwha Broadcasting Center On Air

Headlines for May 2018

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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.

Headlines for May 2018
  1. 1. Hanwha Group - Attended the Boao Forum for Asia
  2. 2. Hanwha Aerospace - Held Inauguration Ceremony for Hanwha Aerospace
  3. 3. Hanwha Life - Opened a new DreamPlus center in Seoul, Korea
  4. 4. Hanwha General Insurance - Held the 2017 Annual Awards Ceremony
  5. 5. Hanwha Group - Celebrates its 30th year of 2018 Classic Festival with Hanwha

Archive for Hanwha Broadcasting Center
Headlines for November 2017

Headlines for November 2017

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1. [Hanwha Group] Chairman's Message Commemorating Hanwha Group's 65th Anniversary

This year Hanwha Group celebrated the 65th anniversary of its foundation. In his speech at the foundation day celebration, Chairman Seung Youn Kim said that the last 65 years have been a time of both challenge and innovation that "we found a way through, when confronted by mountains, and bridged to the other side, when blocked by a river." And he also said that the legacy we have created is the fruit borne of the collective efforts of our companies and employees worldwide.

He emphasized that we must not stop at simply finding new opportunities but move on to generating creative values, cultivating the kind of start-up DNA that drives new enterprises with enthusiasm that would also fit a young Hanwha image.

He asked that we must respond to it in earnest by breaking away from the old paradigm and changing our mindset in order to pivot in a completely new direction and embrace the new era.

Moreover, he said that we must continue extending this sincerity to our customers, the society, and the nation as we have done over the past 65 years. Because the philosophy of trust has indeed served as the foundation of Hanwha's philosophy of serving the country through business, it will help us as we aspire to become a truly world-class enterprise.

He concluded his 65th foundation year speech with a message that Hanwha members should continue to lead the changing world with a burning passion in our hearts.

2. [Hanwha Group] Chairman Kim Visited Hanwha Corporation R&D Center and Q CELLS Jincheon Plant

Ten days prior to the foundation day ceremony, Chairman Seung Youn Kim made surprise visits to the Hanwha Corporation R&D Center and Hanwha Q CELLS Jincheon Plant.

Chairman Seung Youn Kim visited the Hanwha Corporation R&D center in Daejeon, which was completed last July. Since the defense industry is a promising industry, Chairman Kim asked the researchers to work with firm determination so that the R&D center can increase its global competitiveness through self-reliant technologies and become the number one in the industry, playing a central role in national defense.

His next visit was to the Hanwha Q CELLS Jincheon plant, located in Chungbuk province. The Chairman said that the company should make itself an exemplary case of win-win growth and job creation through the successful completion of its factory expansion.

When the expansion of Hanwha Q CELLS Jincheon plant will be completed in January 2018, the existing production capacity will increase from 2.2GW to 3.7GW, and a module production line of 1.4GW will be added.

Moreover, we expect that the nearly 600 billion won investment in this factory expansion will create about 600 more jobs and contribute significantly to the vitalization of the local economy.

Chairman Kim's surprise visits prior to the foundation day celebration delivered pride and confidence to employees. We hope to see all Hanwha members contribute to making Hanwha number 1 a reality with sense of commitment.

3. [Hanwha Group] 2017 Seoul International Fireworks Festival with Hanwha

The 2017 Seoul International Fireworks Festival with Hanwha, a main autumn evening event, successfully finished its 15th event.

Just one day a year! On September 30th, an enormous number of people filled the Yeoido Hangang Park to watch the 2017 Seoul International Fireworks Festival with Hanwha light up the Seoul skyline.

About a million spectators visited this annual festival again to make an unforgettable memory with their family, friends, and loved ones. This year's festival offered many things to see and do, and many people waited in long lines to find the best viewing spots. Three countries, Korea, the U.S., and Italy, participated in this year's festival with the theme, "One glimpse of a fantastic world amid the hectic daily lives". The displays told a number of stories with colorful and unique fireworks. It would have been wonderful if more people could enjoy it at the river, but those who could not come to Yeoido were able to watch the fireworks live on Naver TV.

The production theme of this year's fireworks was VIVID. Like the word's definition, the pyrotechnics teams displayed energetic and dynamic fireworks that were full of life and color.

For a safe trip back home, a volunteer team of 700 Hanwha employees cleaned up the area where the festival was held.

Hanwha Group cheers for everyone's future with the Seoul International Fireworks Festival, which handed comfort filled with dreams to those who are exhausted from their hectic daily lives.

4. [Hanwha Group] Participated in The Largest International Defense Exhibition in The U.S.

The Group displayed actual weapon systems made with our own technology for the first time in history at the International Defense Exhibition in Washington D.C., the largest defense market. Prior to the opening of the exhibition, Group officials visited the Korean War Veterans Memorial to offer flowers and commemorate those who sacrificed their lives.

The 2017 AUSA Annual Meeting & Exposition is hosted by the Association of the United States Army, and it is the largest global defense exhibition for the procurement sector of the U.S. defense industry. 600 major defense companies from countries around the world including the U.S., Germany, the U.K., and Israel, participated in the exhibition.

Hanwha's defense affiliates sent 60 people, a large number, including CEOs from each defense affiliate. Together they opened one booth for Hanwha and displayed an actual K9 self-propelled artillery unit and a Hybrid BIHO, a gun and missile air defense system, to begin a global marketing campaign targeting the U.S. and Central and South American defense markets.

The Hanwha Group that displayed real weapon systems weighing tens of tons in the heart of the U.S. for the first time in Korean history now plans to go beyond the goal of becoming the number one defense company in Korea by targeting the global market.

5. [Hanwha Group] Sponsored 2017 Chungcheong Marathon

Beyond offering a sense of accomplishment at the finish line, a race is more special when all family members can participate. The 2017 Chungcheong Marathon was held on October 21st. In the early hours of October 21st, Sejong Lake park, where the cool air harmonized with open views, was full of Hanwha members, their families and people from the Chungcheong area and every part of Korea. This year's event, Kim Shin-youn, CEO of Hanwha Eagles, the Sejong city mayor, and local government officials attended the opening ceremony to show their support.

This year's event was comprised of full and half marathons, and 10K and 5K courses so that everyone from professional marathoners to members of the Hanwha employees marathon club and ordinary citizens could participate.

The marathon event was not just a record competition, but it was also a festival that harmonized members of different age groups. The 2017 Chungcheong Marathon with Hanwha is finished now. But we hope to see Hanwha take on more challenges with passion and we hope to see the event grow as Hanwha communicates more with local people.

6. [Hanwha Group] Held Hanwha Global Communications Workshop 2017

Hanwha Global Newsletter correspondents from each affiliate who are trying to spread Hanwha's organizational culture in the world assembled in one place again this year. The Group organized the 2017 Hanwha Global Communication Workshop so that these correspondents could meet with other reporters in Korea.

20 Hanwha Global Newsletter correspondents who are working for nine companies and 21 overseas affiliates, including Hanwha Corporation, Q CELLS, Techwin, Life Insurance in nine other countries, attended the event along with 14 reporters from the headquarters in Korea.

First, they had an opportunity to learn about Hanwha through training sessions on Hanwha's history, core values, and brand management. They were able to understand each affiliate's main businesses as each correspondent introduced their own company. They also had a chance to improve their correspondent skills with training in areas such as news script writing and video editing.

Choi Sun-mok, the head of the Group's communication team, said at the conference that this would be a great opportunity to learn about Hanwha's history and major businesses and to better understand Korea as well. He also hoped that this gathering served as a meaningful time to strengthen the internal communication of global Hanwha.

As Hanwha becomes a global company, vibrant communication with employees overseas becomes more important. We hope all Hanwha members in the world have pride and sense of belonging through our communication channel, the Hanwha Global Newsletter. And we hope everyone here becomes representatives of the Hanwha culture, which will be the foundation of our global competences.

Headlines for November 2017
  1. 1. Hanwha Group - Chairman's Message Commemorating Hanwha Group's 65th Anniversary
  2. 2. Hanwha Group - Chairman Kim Visited Hanwha Corporation R&D Center and Q CELLS Jincheon Plant
  3. 3. Hanwha Group - 2017 Seoul International Fireworks Festival with Hanwha
  4. 4. Hanwha Group - Participated in The Largest International Defense Exhibition in The U.S.
  5. 5. Hanwha Group - Sponsored 2017 Chungcheong Marathon
  6. 6. Hanwha Group - Held Hanwha Global Communications Workshop 2017
Headlines for August 2017

Headlines for October 2017

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1. [Hanwha Group] Held the Hanwha Classic 2017 concert

Hanwha Group has tried to spread the beauty of classical music by holding a performance that everyone can easily enjoy. This performance is the Hanwha Classic, which visits us every autumn. Hanwha Classic 2017 returned this year with baroque music, which we can enjoy with all five senses.

The Hanwha Classic 2017 concert, an opportunity to encounter classical musicians of the highest caliber was hosted by the Group on September 23rd at the Seoul Arts Center and on the 24th at the Daejeon Arts Center. Since 2013, the Hanwha Classic has introduced ‘the best performances’, as recognized by the classical music industry every year. This year Hanwha Classic invited world-renowned conductor William Christie and his ensemble, Les Arts Florissant, and they presented two baroque operas heard in Asia for the first time.

To introduce an opera, which is a composite art form of classical music, Hanwha Classic 2017 carefully selected performers from among the best in the world. In the interest of social responsibility as related to arts and culture, the scale of the performance increased while ticket prices significantly decreased in order to invite more audience. Thanks to the special narrations before the concert, many newcomers to classical music were able to enjoy this year’s performance even more.

The Group is planning to hold more diverse and elegant classical concerts to lead Korea’s performance culture so that more people can enjoy classical music and also to satisfy the audiences who have been continuously supporting the events.

2. [Hanwha Q CELLS] Participated in the largest Solar Power International exhibition in the U.S.

Hanwha Q CELLS, which in 2016 became the number one solar cell manufacturer in the world, participated in the largest solar exhibition in the U.S., Solar Power International (SPI), held in Las Vegas from September 11th to 13th. Q CELLS targeted the American market as they introduced their newest products at the show.

The Solar Power International (SPI) is the largest solar exhibition in North America, with 50,000 visitors and about 600 companies from 75 countries. Hanwha Q CELLS set up the largest booth at the exhibition and welcomed the visitors from around the world.

Hanwha Q CELLS attracted a lot of visitors by unveiling the Q. PEAK DUO Series, which is a Q.ANTUM-based solar module with Half-Cell technology. The Q.PEAK DUO Series is a high output module that can reach up to 395Wp with a maximum 20% increase of output compared to the previous modules.

Moreover, Q CELLS also displayed an All-Black module, which has a cosmetic advantage, and a Q.HOME, which is an ESS solution for the residential applications targeting the American housing market in particular. The Q.HOME is composed of a solar module, an inverter, a battery, and a backup box.

Additionally, in order to emphasize Hanwha Q CELLS’ global R&D competencies, they displayed the steel frame module that received three technology innovation awards in early 2017.

The exhibition served as an opportunity to imprint Q CELL’s image as the global number one solar energy company on the US market.

3. [Hanwha Group] Held the ‘Hanwha Classic 2017’, a major KLPGA tournament

The Hanwha Classic 2017, which was promoted to a major KLPGA tournament this year, was held from August 31st to September 3rd at the Jade Palace Golf Club. Top-ranking players from Korea, Japan, and the U.S. competed for the highest prize money of the KLPGA Tour.

The Hanwha Classic was recognized for contributing to the development of professional women’s golf, and was promoted to a major tournament. To reflect this meaningful promotion, starting this year the tournament was held under the new name. As it proves to be the largest tournament in Korea, the Hanwha Classic was literally a war of stars since the outstanding courses attracted the world’s top-ranking players.

The total purse was 1.4 billion won, 200 million won more than last year, and the winner’s share was 350 million won. Since the prize money was the largest ever in the history of KLPGA, the tournament received a lot of attention before it even began.

Meanwhile, a pro-am event was held on September 28th prior to the start of the main tournament. Chairman Kim Seung-youn personally visited the event and encouraged players and participants.

The Group has been trying to develop Korean golf events by continuous support. The event began as the Hanwha Cup Seoul Women’s Open in 2009, it was once called the Hanwha Financial Classic, and now it has been reborn as the Hanwha Classic. Hanwha plans to develop Hanwha Classic as a major golf tournament on a global scale that serves as a gateway to the world for Korean golf players.

4. [Hanwha Techwin/Aerospace & Defense Business Group] Held groundbreaking ceremony for HAE, a subsidiary company in Vietnam

Hanwha Techwin Aerospace & Defense Business Group held a groundbreaking ceremony for HAE, a Vietnamese subsidiary company in Hoa Lac Hi-Tech Park located near Hanoi in Vietnam. About 120 people, including Shin Hyun-woo, CEO of Hanwha Techwin Aerospace & Defense Business Group, the minister of Science & Technology in Vietnam, and an ambassador to Vietnam attended the ceremony.

They agreed on the safe construction of HAE and held a groundbreaking ceremony for a new aircraft engine part manufacturing plant 60,000m2 in size, eight times of a football field, and offered a prayer for construction safety.

Hanwha Techwin believes that their production capacity is going to increase through the building of this overseas aircraft engine parts production plant. Through more aggressive sales efforts, they plan to expand their revenues from commercial aircraft engine parts to about one trillion won by 2025, which would make them number one in the world in the industry.

The construction began this September, and installation of equipment and pilot productions are scheduled for the end of 2018. The company has set January 2019 as the target for beginning of a full-scale production.

We hope that Hanwha Techwin Aerospace & Defense Business Group takes this opportunity to become a global top-tier manufacturer in the aircraft engine part industry.

5. [Hanwha Group] Received 2017 Annual Report Competition Award in brochure category

A Hanwha Group brochure that introduces the Group’s vision and strategies received a bronze prize in the brochure category at the ASTRID Awards in April 2017. The same brochure was selected as an award recipient in the same category at the 2017 Annual Report Competition (ARC) Awards. Hanwha Group’s brochure received an ‘Honors’ prize in the company profile category and a ‘Bronze’ prize for interior design.

The ARC Awards, which was founded in 1987, does not depend on corporate commercials and sponsorships. And it is the world’s most prestigious competition supervised by Mercomm, the only independent award organization in the world. About 2,000 candidates from 70 countries were submitted and went through fierce competition this year.

The Group’s brochure, which was updated in 2016, emphasized the presentation of Hanwha’s improved status by focusing on business strategies with content based on changes in the Group’s business portfolio in the global market. The creativity and uniqueness of the design that expressed this purpose was recognized, and it received Honors in the company profile category and a Bronze prize for its interior design.

Through the Group’s brochure, which now has been recognized globally, we look forward to delivering Hanwha’s trusted image to investors and customers in Korea as well as in the world.

Headlines for October 2017
  1. 1. Hanwha Group - Held the Hanwha Classic 2017 concert
  2. 2. Hanwha Q CELLS - Participated in the largest Solar Power International exhibition in the U.S.
  3. 3. Hanwha Group - Held the ‘Hanwha Classic 2017’, a major KLPGA tournament
  4. 4. Hanwha Techwin/Aerospace & Defense Business Group - Held groundbreaking ceremony for HAE, a subsidiary company in Vietnam
  5. 5. Hanwha Group - Received 2017 Annual Report Competition Award in brochure category
Headlines for August 2017

Headlines for September 2017

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1. [Hanwha Group] Transferred temporary employees to permanent status

In 2013, Hanwha Group voluntarily transferred 2,040 temporary employees to permanent status, a move which Hanwha made first among the 10 largest companies in Korea. This year, the Group decided to faithfully fulfill the company’s social and economic responsibilities and embrace the win-win philosophy of ‘Going Further Together’ by transferring 850 more temporary employees to permanent status.

The group has announced that they are going to transfer 850 temporary employees who are working on a constant and continuous base job to permanent status by the first half of next year. They plan to reduce the number of temporary workers who work in those same positions by hiring permanent employees from now on, or interns who can also be moved to permanent status later.

Through this transfer, the employees are not only guaranteed employment but also they can enjoy the same benefits, retirement options, and promotion opportunities as other permanent workers.

To employees, we hope that stable employment will increase their loyalty and increase their sense of belonging and motivation. And to the affiliates, we hope that they grow with their employees as they provide new levels of services and improve their productivity through this.

2. [Hanwha Corporation] Received the 2017 First and Best Company Award from Korean Academic Society of Business Administration

We would like to share the good news that Hanwha is being recognized in Korea as well as outside of Korea. Hanwha Corporation, the parent company of Hanwha Group, was honored to receive the 2017 First and Best Company Award from the Korean Academic Society of Business Administration (KASBA).

At the 19th Business Integration Conference held in Gwangju, Lee Tae Jong, CEO of Hanwha Corporation Defense Division, the chair person of Korean Academic Society of Business Administration, the chairman of Maeil Business Newspaper, professors from 36 business societies throughout the nation, and other business people attended.

At the conference, Lee Tae-jong, CEO of Hanwha Corporation Defense Division, accepted the 2017 First and Best Company Award from Korean Academic Society of Business Administration (KASBA).

The KASBA First and Best Company Award is a meaningful award because it is given to a company that is selected by business scholars for having the highest value among Korean companies.

The CEO Lee said in his remarks that the core competitivenesses of Hanwha Group comes from the company’s founding idea, ‘Serving The Country through Business,’ the business management philosophy, ‘Trust and Loyalty’, and the dynamic growth history of M&A, which has been focused on Korea’s key industries. He also said that Hanwha always took one step ahead of other companies in making bold investments and has opened bigger opportunities by overcoming crises with an unwavering momentum.

3. [Hanwha Group] Held 2017 Hanwha Science Challenge main event

Finally, the long-waited main event of 2017, the Hanwha Science Challenge, was held. The competition brought together many creative ideas and passion of talented science students.

The main event of 2017 Hanwha Science Challenge was held from August 24th to 25th at the Hanwha HRD Center. The event was hosted by the Group and sponsored by the Ministry of Education, the Ministry of Science and ICT, and the Korea Foundation for the Advancement of Science & Creativity.

This year’s participation rate was high, and a total of 1,218 students from 609 teams signed up.

At the main event, the 20 teams presented their studies, which had been prepared freely and creatively for six months on topics closely related to human life, such as energy, bio research, and climate change.

The grand prize went to Yoo Ho-jin and Huh Seong-bum, a Magic Point team, from the Korea Science Academy of KAIST. They researched effective wave-power generation. And their project title was, ’Innovative methods of wave-power generation using mechanical design’. They came up with an idea to improve the efficiency of wave power generation by inventing unidirectional teeth called the ‘Magic Wheel,’ which is not affected by the movement and speed of waves. The judges admired them because they also proposed a way to apply their idea.

The grand prize winning team was given a 40 million won scholarship, and a 20 million and 10 million won scholarship was given to two gold and silver prize winners, respectively.

The Group plans to continue encouraging, through sponsorship, these talented students to dream about winning a Nobel Prize and to develop ideas with creativity and practicality so that later they can become leaders in science in Korea.

4. [Hanwha Corporation/Machinery] Asan Plant #1 held a ceremony for achieving the longest period of time without a lost-time accident among plants of the affiliates

Not having a lost-time accident for 10 years and 8 months is very difficult to achieve. Asan plant#1 of the Hanwha Corporation Machinery Division achieved the highest record among the plants of the affiliates. They were able to accomplish this achievement by following the strict safety environment guidelines vigorously under the vision, ‘Safety, Environment, A Leader of Health’. Hanwha Corporation Machinery Division Asan plant #1 held a ceremony to celebrate this achievement. They also received a certification plaque from the Korea Occupational Safety Health Agency.

This accomplishment was a result of the company putting safety first, running routine trainings for every possible dangerous scenario, and expecting all employees to follow basic safety guidelines.

Lee Eun-kwang, the plant general manager of Asan plant #1, said in his remarks that having no accidents for 10 years and 8 months results from all employees actively trying to follow the safety guideline with one mind without exceptions. He also said that the company is going to lead by example in creating a safe environment, and they will continue to avoid accidents.

Hanwha Corporation Machinery Division will continue to build its safety culture by putting safety first.

5. [Hanwha Defense Systems] Will develop a high-energy laser with Gwangju Institute of Science and Technology

In July, Hanwha Defense established a team to develop laser technology for national defense. The team is actively involved in co-development and marketing activities with other Hanwha defense affiliates. On August 24th, the company began developing a high-energy laser with the Gwangju Institute of Science and Technology.

Hanwha Defense and the Gwangju Institute of Science and Technology signed an MOU for cooperation and to vitalize a research interchange for optical and high-energy laser technology. Hanwha Defense agreed to invest over five billion won over the next four years to secure this core laser technology.

High-energy fiber optic laser technology is a technology that generates kw-level intensive light and energy from a thread of ten-micrometer-thick fiberglass. Since it can be miniaturized because of its high energy conversion efficiency, it is a suitable technology for a laser weapon and is considered the core optic technology for the future defense industry.

Hanwha Defense has participated in developing various high-energy development projects in the defense industry for 20 years. Through this partnership, they set up a research center in the Advanced Photonics Research Institute, which is a research center attached to the Gwangju Institute of Science Technology. Through this research center, Hanwha Defense is going to consolidate their research efforts in the laser field, which have, up to this point, been spread out. They will also cooperate in developing technology and creating a stronger foundation for the industry as a whole.

Headlines for September 2017
  1. 1. Hanwha Group - Transferred temporary employees to permanent status
  2. 2. Hanwha Corporation - Received the 2017 First and Best Company Award from Korean Academic Society of Business Administration
  3. 3. Hanwha Group - Held 2017 Hanwha Science Challenge main event
  4. 4. Hanwha Corporation/Machinery - Asan Plant #1 held a ceremony for achieving the longest period of time without a lost-time accident among plants of the affiliates
  5. 5. Hanwha Defense Systems - Will develop a high-energy laser with Gwangju Institute of Science and Technology
Headlines for August 2017

Headlines for August 2017

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1. [Hanwha Corporation] Ranked 246th on Fortune “Global 500” list, up 31 spots

Fourtune Global 500 is a global brand index that has been announcing revenue-based rankings of global companies since 1990. 15 Korean companies were included in this year’s Fourtune Global 500. Among them, Hanwha was ranked 246th, 31 steps up from last year’s ranking of 277th. Hanwha Corporation has entered the ranks of global companies since its revenue increased from $41.4 trillion won in 2016 to $47.1 trillion won in 2017.

This increase resulted from the strategic investments and the development of new business structures, which have been in place since 2014 to strengthen the company’s high-level competencies. During this intensive business reorganization, Hanwha Corporation established their core businesses in defense, chemical, precision machines, and solar sectors.

Particularly, chemical companies such as Hanwha Chemical and Hanwha Total gained remarkable operating profits in the last two years. And defense companies also demonstrated strong performances. Moreover, Hanwha Q CELLS turned into a profit-making company in the 2nd quarter of 2015, and they have proven to be number one in the world by continuously generate profits since then.

In the finance sector, Hanwha Life Insurance and Hanwha General Insurance led with positive results. Hanwha Hotels & Resorts also successfully turned into profit-making company this year in the service & leisure sector, and they have proven their growth potentional in the resort, hotel, and FC sector.

2. [Hanwha Techwin] Held inauguration ceremonies for Hanwha Land Systems, Hanwha Precision Machinery, and Hanwha Power Systems

In April, Hanwha Techwin announced that they would split each business unit and establish three subsidiary companies to strengthen each business unit’s competitiveness and improve efficiency. The inauguration ceremonies for these new companies, Hanwha Land Systems, Hanwha Precision Machinery, and Hanwha Power Systems, were held.

On July 4th, Hanwha Land Systems, which was split from Hanwha Techwin Defense Business Group, held their inauguration ceremony at their Changwon #3 Plant. Son Jae-il, the CEO of Hanwha Land Systems, leaders of the division, and about 100 employees attended the ceremony.

On July 6th, Hanwha Techwin split their industry machinery business and set up Hanwha Precision Machinery. The new company held their inauguration ceremony at their locations in Pangyo and Changwon #2 Plant. CEO Kim Youn-chul and employees of the company attended the ceremony.

On July 11th, Hanwha Power Systems held their inauguration ceremony at Pangyo R&D Center and Changwon HRD Center, and CEO Shin Hyun-woo, all of the employees of the company, and a leader of the labor union attended. The event was casual and comfortable.

3. [Hanwha Corporation] Held a dedication ceremony for the new R&D center

On July 20th, Hanwha Corporation held a dedication ceremony for the new R&D center, which will carry out research and development for future advanced weapon systems. Lee Tae-jong, CEO of Hanwha Corporation Defense Division and CEOs of each Hanwha affiliate attended the ceremony.

The new R&D Center is a six-story office building with 2 basements and a 2-story research building with 1 basement. The research building is designed to be vibration-free to ensure the safety of weapon testing. And the building also has special research facilities such as a precision measuring room, an electromagnetic shielding facility, a communications shielding facility, a clean room, and a temperature and humidity-controlled room.

The new R&D Center has been recognized for its ability to perform development, assembly, and self-testing of core technologies for land/sea/air guided weapons and precision munitions.

Hanwha Corporation will build a new R&D Center that leads the world’s precision weapons systems by strengthening overall system competitiveness, competence of core technologies, and advancement of R&D systems development.

4. [Hanwha Systems] Held a demonstration event for AESA radar prototype that can function as eyes of the KF-X, a Korean fight jet

The Korean fighter jet KF-X’s AESA radar is an essential piece of equipment that can detect enemy fighter jets and execute an aerial battle mission against enemy fighter jets. On July 13th, Hanwha Systems and Agency for Defense Development (ADD) introduced an AESA radar prototype that can function as the eyes of the KF-X.

Hanwha Systems held an open event to introduce the KF-X’s AESA radar to 50 people from Defense Acquisition Program Administration (DAPA), Agency of Defense Development (ADD), and Ministry of Defense reporters at their R&D Center in Yongin.

Hanwha Systems has been putting their best efforts toward developing the eyes of the KF-X since they were selected as the first AESA radar developing company in Korea last year. Through this open event, Hanwha Systems proved their radar development competence which they have been developing for 35 years. And the company confirmed the possibility of further AESA radar development, a core technology of the KF-X jet.

The AESA radar is scheduled to be installed on a Korean fighter jet which is supposed to be completed by 2028. Hanwha Systems will continue to put their best efforts toward the successful development of the AESA radar independently.

5. [Hanwha Life, Hanwha General Insurance] Received Hall of Fame and Grand Prize at 2017 Korea Service Grand Prix

Korea Service Grand Prix, which celebrated its 18th year, is an award that strictly evaluates customer oriented systems throughout businesses, including CEO leadership management systems. On July 6th, Cha Nam-gyu, CEO of Hanwha Life Insurance, attended the ceremony and entered the Hall of Fame in the life insurance category, the highest honor.

The Hall of Fame is the highest honor given to a company among those who have received the grand prize for five consecutive years in accordance with the evaluation guideline. Hanwha Life Insurance has been receiving the Korea Service Grand Prix for seven consecutive years since 2010. And they were honored to enter the Hall of Fame this year. The company received high scores for establishing various service programs and new infrastructure, bringing innovation to all levels of management, and spreading a customer-oriented mindset throughout the organization.

At the same time, Hanwha General Insurance received the grand prize for three consecutive years in the general insurance category. They received high scores for creating financial stability for their customers through 3B consulting, which seeks to balance investment techniques, value, and coverage for customers. They also received high scores by improving their market and customer-oriented constitutions through differentiate innovations. The company took the value of customers to the next level.

Headlines for August 2017
  1. 1. Hanwha Corporation - Ranked 246th on Fortune “Global 500” list, up 31 spots
  2. 2. Hanwha Techwin - Held inauguration ceremonies for Hanwha Land Systems, Hanwha Precision Machinery, and Hanwha Power Systems
  3. 3. Hanwha Corporation - Held a dedication ceremony for the new R&D center
  4. 4. Hanwha Systems - Held a demonstration event for AESA radar prototype that can function as eyes of the KF-X, a Korean fight jet
  5. 5. Hanwha Life, Hanwha General Insurance - Received Hall of Fame and Grand Prize at 2017 Korea Service Grand Prix
Headlines for July 2017

Headlines for July 2017

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1. [Hanwha Group] Held an alliance dinner for Korea Defense Veterans Association & Korea-US Alliance Foundation

On June 12th, the alliance dinner for the Korea Defense Veterans Association and Korea-US Alliance Foundation was held at the Plaza Hotel. From Hanwha, Lee Tae-jong, CEO of Hanwha Corporation Defense Division, Shin Hyun-woo, CEO of Hanwha Techwin, Chang Si-kwon, CEO of Hanwha Systems, and Kim Dong-kwan, Chief Commercial Officer of Hanwha Q CELLS, attended the event. Kwon Oh-sung, the vice chairman of the Korea Defense Veterans Association, Yoo Myung-hwan, the chairman of the Korea-US Alliance Foundation, government officials, and the commander of US Forces, Korea Vincent Brooks also attended the event. Hanwha Group signed an MOU for a million-dollar sponsorship and promised continuous support.

In the congratulatory speech, Shin Hyun-woo, CEO of Hanwha Techwin said that Hanwha Group has been connected very closely to the national defense industry for long time and has been growing based on their business philosophy, “serve the country through the business,”. He also said that he is pleased to have an opportunity to contribute to strengthening the Korea-US alliance, which is important to Korea’s national defense, through this event.

The money sponsored by the Group will be used to provide scholarships, welfare programs, seminars on strengthening the alliance between Korea and the US, and activities that promote friendship between the two countries and for the members of the Korea Defense Veterans Foundation.

2. [Hanwha Group] Hosted 2017 Hanwha Chairman’s Cup National Shooting Competition

The 2017 Hanwha Chairman’s Cup National Shooting Competition, which was co-hosted by Hanwha and the Korea Shooting Federation, was held at the Chungjoo Shooting Range for eight days, and about 2,700 players participated throughout Korea.

The slogan of the 10th annual Hanwha Chairman’s Cup National Shooting Competition was, ‘Load for a dream, Challenge for Tomorrow’. Hanwha Chairman’s Cup National Shooting Competition was founded in 2008. Since then, it has become one of Korea’s five major shooting competitions.

The event received a lot of attention because the world’s top class players such as Jin Jong-oh, Kim Jang-mi, and Kim Cheong-yong of Hanwha Galleria Shooting Team competed this year. At this year’s competition, Kim Cheong-yong of Hanwha Galleria Shooting Team, who is considered to be the player of the next generation, set the national record and won the men’s 50m pistol final. He made it to the final round, maintaining the highest scores and recording a total score of 235.3 to win the gold medal.

Hanwha Group has served as the main sponsor of the Korea Shooting Federation since June 2002, providing over 13.5 billion won in funding and taking the lead in boosting interest in shooting sports in Korea.

Specifically, this year’s game was also a selection match for the 2017 Asian Air Gun Championship and the 2018 National Team selection. So this competition is expected to play a role in finding prospective players who are going to lead Korea’s shooting team in the 2020 Tokyo Olympics.

3. [Hanwha Q CELLS] Participated in the largest solar exhibition in Europe, Intersolar

Hanwha Q CELLS, which became the number one solar producer in the world last year attended Intersolar, the largest solar exhibition in Europe which was held in Munich over three days, from May 31st to June 2nd. Hanwha Q CELLS set up the largest booth this year and concentrated on introducing products and solutions that use Hanwha Q CELL’s core technologies. Quantum Cell technology is a core technology which can increase the stability and reliability of a product. Hanwha Q CELLS grafts PERC technology, which enables it to bring high efficiency in Hanwha Q CELL’s other technologies.

Hanwha Q CELLS is going to reach over a 3GW annual quantum cell production capacity during the first half of this year. As of May of this year, the company supplied an accumulated 5GW, which is equivalent to 1 billion quantum cells, to the major markets in the US, Japan, and Europe.

Hanwha Q CELLS has been the only foreign company to receive Top Brand Awards from EuPD Research as for three consecutive years, as well as the Terawatt Awards at SNEC, which are only given to the top 10 companies. In addition, the company also had the honor of receiving all three global awards, including the Intersolar Innovation Award for their steel frame module, which was introduced for the first time through this year’s exhibition.

We hope to see Hanwha Q CELLS achieve remarkable growth and maintain the position of the number one solar cell producer in the world.

4. [Hanwha Techwin] Received 2017 Customer Loving Brand Awards

Hanhwa Techwin received two awards. At the 2017 Customer Loving Brand Awards, hosted by JoongAng Daily Economist, Hanwha Techwin Security Business Group’s brand Wisenet has received the grand prize in the CCTV category at Customer Loving Brand Awards for two consecutive years.

Hanwha Techwin Security Business Group continues to develop CCTV products with outstanding performance so that they can be effectively used for preventing crimes, managing disasters, and maintaining public security. We hope to see Hanwha Techwin Security Business Group have a stronger presence in the global market in the near future.

Meanwhile, at the 2017 Green Company Awards, which marked their 7th year this year, Hanwha Techwin Plant #3 received the excellent award, which is equivalent to the minister of the environment award. Hanwha Techwin Plant #3 have been recognized for their excellence in the creation of environmental safety programs for each production line, an emergency response system, an environmental accident prevention program, programs for reduction of environmental pollution and greenhouse gases, and eco-mileage activities with Beautiful Store.

After the award ceremony, a workshop was held for the members of the green companies. Recipients of the awards sought a response plan for changing environmental policies and shared stories of their success. We hope to see Hanwha Techwin leading environmental management in Korea as a green company.

5. [Hanwha Group] Held an orientation session for the Hanwha Science Challenge 2017 Final Round

“Now it’s the final round!” Every year, the Group hosts the Hanwha Science Challenge science fair for high school students in order to foster future scientific talent. After fiercely competitive qualifying rounds in May, a total of 20 teams began their journey to the final round. An orientation session was held prior to the final round. Let’s take a look at the scene full of passionate people.

The students who passed the second qualifying round of the Hanwha Science Challenge 2017 showed strong determination. On June 10th, an orientation session for the 20 teams that passed the second qualifying round was held at the main auditorium, located on the 3rd floor of the Hanwha Group headquarters building.

At the orientation, the 20 teams, previous award recipients, and judges got together and discussed preparation, the evaluation guidelines, and listened to the lectures.

After watching such a passion-filled orientation session, we are eager to see the ideas of those talented future leaders at the final round in August.

Headlines for July 2017
  1. 1. Hanwha Group - Held an alliance dinner for Korea Defense Veterans Association & Korea-US Alliance Foundation
  2. 2. Hanwha Group - Hosted 2017 Hanwha Chairman’s Cup National Shooting Competition
  3. 3. Hanwha Q CELLS - Participated in the largest solar exhibition in Europe, Intersolar
  4. 4. Hanwha Techwin - Received 2017 Customer Loving Brand Awards
  5. 5. Hanwha Group - Held an orientation session for the Hanwha Science Challenge 2017 Final Round
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