Hanwha Group Archives | Be Korea-savvy
Chaebol’s System Integrators Hike Internal Deals in 2014

Chaebol’s System Integrators Hike Internal Deals in 2014

SEOUL, April 27 (Korea Bizwire) — System integrators affiliated with South Korea’s family-run business groups increased internal transactions in 2014 despite the government’s efforts to curb excessive groupwide trades, data showed Monday. Internal transactions of the top 20 system integration subsidiaries of the family-run conglomerates, locally called chaebol, came to 8.36 trillion won (US$7.74 billion) [...]

Hanwha Wins US$2.12 Bln Infrastructure Deal in Iraq

Hanwha Wins US$2.12 Bln Infrastructure Deal in Iraq

SEOUL, April 6 (Korea Bizwire) — Hanwha Group, a South Korean chemicals and financial conglomerate, said Monday it has clinched a US$2.12 billion order to build the infrastructure for a new city currently under construction in Iraq. The agreement signed with Iraq’s National Investment Commission calls for Hanwha Engineering & Construction, the building arm of [...]

Hanwha’s Solar Energy Subsidiaries Combine into Hanwha Q-Cells

Hanwha’s Solar Energy Subsidiaries Combine into Hanwha Q-Cells

SEOUL, Feb. 5 (Korea Bizwire) – Two major players in Hanwha Group’s photovoltaic business, Hanwha SolarOne and Hanwha Q-Cells, have decided to integrate with each other and to begin operating under the name of Hanwha Q-Cells. On February 4, Hanwha SolarOne held an extraordinary general meeting of shareholders in Shanghai, China, and decided to acquire all [...]

Samsung to Repurchase Its Business Jets from Now Hanhwa’s “Techwin”

Samsung to Repurchase Its Business Jets from Now Hanhwa’s “Techwin”

SEOUL, Nov. 28 (Korea Bizwire) – After the 2-trillion won (US$1.8 billion) deal that sent its chemical and defense subsidiaries (including Samsung Techwin) to Hanhwa Group, Samsung plans to repurchase its business jets, which are currently under Techwin’s management. Hanwha’s acquisition of Samsung Techwin made industry watchers curious about the disposal of the Samsung Group [...]