SEOUL, July 20 (Korea Bizwire) – Hanwha Chemical has launched the unified Hanhwa Compound by merging its chemical compounds business operator Hanhwa Next with Hanwha Compound on July 19. Chemical compounds are used to make automotive and electronics parts and construction materials, and the merger of the Hanwha units was designed to increase management efficiency by unifying [...]
ULSAN, Jul. 6 (Korea Bizwire) — Hanwha Chemical is acting fast to recover from the Ulsan chemical plant explosion that killed 6 people on July 3, as the company promised the maximum compensation possible and quickly stopped operating production lines at the plant. Kim Chang-bum, CEO of Hanwha Chemical, publically apologized for the tragedy, and [...]
ULSAN, Jul. 3 (Korea Bizwire) — Six workers were killed and another one was injured Friday when an explosion occurred at a chemical plant in the southeastern coastal city of Ulsan, fire officials said. The blast occurred at around 9:19 a.m. when the workers were doing welding work on a storage tank containing waste at [...]
SEOUL, Nov. 26 (Korea Bizwire) — Several executives within the biotech unit of Hanwha Chemical have been fired. This is widely interpreted as a personnel move by Hanwha Group chairman Kim Seung-youn who kick-started the biotech business in 2006 as part of an ambitious plan to nurture it as a next-generation growth engine. For years the unit hasn’t [...]