- Business
- Hanwha Corporation (000880.KS) serves as the holding company for the Hanwha Group, a South Korean conglomerate engaged in defense and explosives manufacturing; petrochemicals and chemicals production including synthetic resins, packaging materials, polyvinyl chloride, polyethylene, caustic soda, and toluene diisocyanate; solar power and photovoltaic products such as silicon ingots and solar cells; financial services encompassing life insurance, pensions, investment, and brokerage; construction and engineering for complex developments, power plants, and green infrastructure; wholesale and retail trade in agricultural, livestock, and forest products; leisure and services including department stores, resorts, golf courses, aquariums, and sports facilities; machinery production featuring aircraft engines, compressors, gas turbines, machine tools, power trains, robots, CCTV, broadcasting equipment, and chip mounters; as well as resource development, real estate, wind power generation, and environmental services. The company operates globally with sales across South Korea, the Americas, Asia, and other regions, targeting industrial clients, governments, and consumers in energy, defense, materials, and finance sectors. Founded in 1952 as Korea Explosives Corp. and renamed Hanwha Corporation in 1993, it maintains headquarters in Seoul, South Korea, and holds significant stakes in key affiliates such as Hanwha Aerospace, Hanwha Solutions, and Hanwha Life Insurance. In recent developments, Hanwha advances US expansion through a $5 billion investment in Philly Shipyard, establishment of Hanwha Defense & Energy holding company via paid-in capital from affiliates including Hanwha Systems, Ocean, and Solutions, and equity investments in Hanwha Futureproof for defense and shipbuilding under the MASGA initiative; Hanwha Life completes acquisition of 75% stake in US-based Velocity Clearing for financial synergies; Hanwha Solutions launches Wire & Cable Division post-chemical restructuring to boost high-value XLPE production; and partnerships emerge such as Utility Global collaboration for clean hydrogen and ongoing eVTOL funding via Hanwha Aerospace and Systems.