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) [...]
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 [...]
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 [...]
SEOUL, Dec. 10 (Korea Bizwire) – After a lengthy absence, Hanwha Group Chairman Kim Seung-youn has resumed his duties. Visiting Iraq, where the company’s biggest construction project is being carried out, was his first task. From December 7 to 9, Kim paid a visit to his employees working on the construction project in Bismayah, Iraq, [...]
SEOUL, Dec. 1 (Korea Bizwire) – Workers of Samsung affiliates to be sold to Hanwha Group are protesting the massive sell-off of their companies. A Samsung worker even left a post selling his Samsung badge on an online direct commerce site as an expression of his protest against the deal. On November 28, workers of Samsung Total [...]
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 [...]
SEOUL, Sep. 23 (Korea Bizwire) — The 12th Seoul International Fireworks Festival 2014 jointly hosted by Hanwha Group and SBS, and supported by the Seoul Metropolitan city government will take place at the Yeouido Hangang Park on October 4 starting at 19:30. With mesmerizing showcases by Korean fireworks designers, a total of 110,000 fireworks by [...]