Headlines for October 2015
1. Summer Davos 2015 The World Economic Forum also called ‘Summer Davos’ was held in Dalian, China from September 9th to 11th. Kim Dong-kwan, Chief Commercial Officer of Hanwha Q CELLS attended and represented that Hanwha is contributing to Asia’s energy industry as a global solar company. Especially Hanwha is responding to the global climate changes since solar is a low carbon emission energy source.China has been hosting ‘Summer Davos Forum’ since 2007. This year’s Forum was held at the International Conference Center in Dalian from September 9th to 11th. It is usually held in Tianjin or Dalian, China in September. This forum is for the future leaders that will become the world’s best in next 10 years and the forum advocates technologies and innovation.The opening ceremony was followed by a discussion session on ‘Asia’s Energy Option’ on 10th. Na Seung-yeon who is currently a host of Arirang TV and was the spokesperson for Pyeongchang Winter Olympics bid committee conducted the panel discussion. Asia’s major VIPs from Korea, China, India, and Mongolia participated as panels, and they discussed about what policies that Asia is concerning in terms of energy economy fluctuation while the concern for Chinese economy is real.Kim Dong-kwan, Chief Commercial Officer of Hanwha Q CELLS who participated as a panel to represent Korea expressed that Korea has invested on energy related research and development and can contribute to Asian energy industry through the production innovation.Moderator : Go to Mr. Kim. Because obviously, the Hanwha Group, a leading presence in solar energy. And also Korea, not a lot of natural resources, hardly any. But major importer of energy and yet also an exporter of energy related technologies. Of course your company is one of them. Could you talk about where Korea stands and where you see the potential maybe?Kim Dong-kwan : I think as it was well proposed I think Korea has ambitious target of carbon reduction. And I think Korean government just released a very ambitious target of increasing the percentage of renewable to the double digits within a decade or so. I think, especially, Korea, as you mentioned, is very resources constrained. And we have been investing a lot into R&D.And I think, especially, our strength in semi-conductors and display manufacturing has been transformed into manufacturing know-how for solar panels as well. Also, although Korean market itself is still relatively small compared to China or India. I think, throughout Asia, especially in China and India, we have a lot to contribute in terms of manufacturing innovation and also in bringing solutions. Maybe not only a conventional solutions but with micro grids and smart grids, I think there is a lot of opportunity to by-pass a lot of infrastructure requirements, power transmission requirements that are necessary to bring electricity to remote villages in India.In addition, Mr. Kim emphasized that the economic feasibility of new and renewable energy has improved through the development of technology. He also said that if the government’s policies boost the innovation, the market will move dynamically and will lower the price. Although the price is the most important element in solar and new and renewable energy, his belief that mass production is possible was revalidated through this forum. More demand can be expected if the way to lower the price is found. As a result, it can bring a dramatic change in power system.Before the forum began, Mr. Kim was interviewed by a global economic channel CNBC. During the interview, he expressed that he was optimistic as clean and sustainable energy was being discussed a lot in China. He said, Chinese solar business is a big opportunity and will continue to grow.2. Hanwha Finance Classic 2015The momentum of golf queens, Hanwha Finance Classic 2015 tour was held with the largest prize of KLPGA at Golden Bay Golf & Resort in Taean from September 3rd to 6th. The top players from Korea and other countries played at Golden Bay. This course was designed by Annika Sorenstam who used to be the top LPGA player.The members of Hanwha Finance Network, Hanwha Life Insurance, Hanwha General Insurance, and Hanwha Investment & Securities hosted and Team Hanwha conducted Hanwha Finance Classic 2015. It had received much attention because not only many KLPGA star players played but also many players from overseas including USLPGA and JLPGA competed. This mammoth size competition had the total of 1.2 billion won in prizes and 300 million won was for the first place winner. The player, Bae Seon-woo, had kept the first place for three straight days, but Nomura Haru from the Team Hanwha set the course record by hitting 7 under par 65 shots and made to the 2nd place by hitting one eagle, 8 birdies, and 3 bogeys during the 2nd round.And during the final round, Nomura and Bae Seon-woo both hit one under par 287 shots and had to play overtime. On the first hole for the overtime, Bae Seon-woo missed 2 meters putt for par. On the other hand, Nomura successfully made her putt for par and came from behind and won the game. Fellow players extended warm congratulations to her. Nomura Haru is known to grow up in Korea when she was little. In this game, she achieved her second winning in her mother’s country. At the award ceremony, Shim Kyung-seob, the CEO of Hanwha Hotels & Resorts presented the prize for setting the course record. Next, Cha Nam-kyu, the CEO of HLI gave the winning trophy.Players of the Team Hanwha showed remarkable results and the team spirit. During the overtime, players from the Team Hanwha cheered for Nomura Haru. Along with Nomura, Kim In-kyung made 3rd place, Jenny Shin 10th, Ji Eun-hee 13th place.Although the weather was not pleasant due to the rain and hot temperature, but Hanwha Finance Classic 2015 closed successfully thanks to much interest and support from galleries, officials, and Hanwha employees.3. Award Ceremony of ‘Hanwha Science Challenge 2015’ Since 2011, the group has held ‘Hanwha Science Challenge’ which is targeting high school students and trying to become the most authoritative event in Korea for discovering ‘Korea’s young Nobel prize winners. The award ceremony of ‘Hanwha Science Challenge 2015’ was held in 63 Building, and this year’s grand prize went to Jukjeon high school students who proposed developing natural predacide to control yellow dust, micro-dust, and desertification.At the award ceremony of ‘Hanwha Science Challenge 2015’, about 240 people attended including students and teachers from 30 teams that made to the final round and CEOs from the Group’s manufacturing companies, and they were joined by Kim Seung-hwan, the president of Korea Foundation for the Advancement of Science & Creativity (KOFAC), and judges for the competition.20 experts from each field selected one grand prize winner, 2 gold prizes, 2 silver prizes, 17 bronze prizes and a special prize among 30 teams during the final round on August 27th. The grand prize honor went to CHANG-E team of Jukjeon high school in Yongin and received 40 million won for a college scholarship.Two students, Hwang Soo-jin and Ahn Soo-yeon and their teacher, Jeon Sun-young, formed the team CHANG-E. Their unique and creative idea of developing natural predacide, which is similar concept to a face mask pack, in order to keep the moisture for a long time after watering in the desert or trees.Hanwha Science Challenge is unique because it has not only the biggest prize in Korea but also gave away 1 million won to all participated teams made to the final round for supporting their research and development.Moreover, for winners above silver prize will have an opportunity to visit the prestigious foreign science organizations. And for winners above bronze prize will be exempted from the paper screening process if they would apply for a job or an internship at Hanwha.Kim Chang-bum, the CEO of Hanwha Chemical said in his welcoming remarks “I hope you grow to become a world scale scientist to improve happiness for humanity with the experience you have gained during this Hanwha Science Challenge.”During last 5 years of Hanwha Science Challenge, 3,400 teams and 7,300 high school students have participated with very interesting research topics. Among the past winners, over 60% got into foreign prestigious colleges, SNU, KAIST, POSTEC, and many other excellent schools.The Group is planning to continue supporting Hanwha Science Challenge so that it becomes a world-class science competition.4. Winning medals at World Skills Competition 2015Two Hanwha Techwin employees have participated in World Skills Competition 2015 held in Sao Paulo, Brazil. Both of them have won the medals and showed superiority of Hanwha Techwin’s skills to the world.Hanwha Techwin employees who participated in World Skills Competition 2015 achieved good results.At the award ceremony held on 16th in Sao Paulo, Brazil, Park Jun- Oh has won a silver medal in Polymechanics category, and Kim Eun-young has won a bronze medal in web design. Both of them went through hard training to prepare for this competition in order to demonstrate their best performances.They are scheduled to return home after finishing local factory visits.5. Tactical Information Communication Network (TICN) Mass production commencement meetingHanwha Systems had a meeting for starting the mass production of Tactical Information Communication Network (TICN) with officials from Defense Acquisition Program Administration (DAPA), Defense Agency for Technology and Quality (DTaQ), and Agency for Defense Development (ADD) have attended. Hanwha Systems is the only company that has a command, control and communication system in Korea. Hanwha Systems’ Tactical Information Communication Network(TICN) took 15 years to develop from 2001, and it was the largest defense information technology business with over 5 trillion won investments.The mass production commencement meeting of Tactical Information Communication Network(TICN) was hosted by Defense Agency for Technology and Quality(DTaQ) and 50 other officials have attended the meeting including Kim Young-ho, Gumi business site executive of Hanwha Systems.They discussed about the status of preparation for the initial production of TICN and the plan for the quality assurance. Hanwha Systems presented their plan for the quality assurance program. They also shared their commitment to the success of this government program through continuous cooperation.The TICN optimizes the integrated combat ability for the network oriented future battles. This system can transmit large amount of data through wired or wireless at high speed for a long distance. Once the TICN is implemented, the military can synchronize 50 different weapon systems into one, and it can transmit voice and video in real time. Even if the wireless communication line is destroyed during wartime, the military communication line will be maintained to strengthen the military forces. Hanwha Systems is expected to generate over 2 trillion won in revenue through the production of the TICN by 2022 with about 350 sub-contractors.6. 2015 Hanwha Group Oversea Value Course beganHanwha HRD Center is hosting ‘2015 Hanwha Value Course.’ This program is not only running in Korea but also in overseas now. Let’s take a look how the Value Courses are carried out in Iraq, Saudi Arabia, Dubai, and China.2015 Hanwha Value Course ran in Bismayah construction site in Iraq where ‘Going Further Together’ is being fulfilled quietly under the scorching hot weather with well over 50 degrees Celsius.From August 29th, 7 sessions ran every day for 276 employees in Bismayah. After that, 97 people in Saudi Arabia, 19 in Dubai, 81 people from 8 different cities in China. The courses ran until September 22nd and covered the total of 473 people.Since they are working in overseas and representing Hanwha Group and each of their own affiliates, the course taught them how to act with ‘Trust and Loyalty’, ‘Challenge, Dedication, and Integrity’. They are becoming better Hanwha employees through using various trainings such as sharing core values and successful cases and telling history and self-confidence.