Hanwha Profile 2018
A “We engage and listen to our end users to envision the solutions our customers trust us to build.”
Contents Seung Youn Kim 02 chairman’s message
08 Business Highlights 10 Chemicals & Materials 20 Aerospace & Mechatronics 28 Solar Energy 36 Finance 46 Services & Leisure 54 Construction
62 Hanwha overview 64 Hanwha’s Vision, Spirit & Core Values 66 Hanwha Today 68 Milestones 70 Financial Highlights
72 Hanwha businesses 75 Manufacturing & Construction 94 Finance 100 Services & Leisure
106 corporate Social Responsibility
114 global network & directory
B 1 Chairman’s Message
For more than 60 years, Hanwha has grown steadily and evolved by anticipating changes and embracing challenges.
In times when others have sought cost reductions, we looked for opportunities and innovated. In so doing, we did more than stay afloat, we stood out and excelled. At the heart of our success was our belief that we were doing the right thing—improving the life for everyone whose lives we touched. We continue believing in this mission and it’s what inspires us to build for all, including the generations today and the generations to come. It’s why we’re continuing to foster trust and loyalty. But after 60 years, we’re facing a landscape that has also evolved and where competition is fierce and change is rapid. The Fourth Industrial Revolution is upon us; uncertainty looms ahead. But for us, we remain steadfast to what we’ve always done and what we must do. We must find opportunities in the midst of change and in spite of challenges.
Hanwha's key affiliates anticipate changes in the traditional value chain in all business areas. In preparation, we’ve been innovating and adapting our business models to match the needs of customers and that align to the trends in the industry. We’ve expanded our businesses and improved our infrastructure to support our growth. And we’ve been very successful. In 2017, we achieved a revenue of USD 56.9 billion, a sales record for our company.
2 3 This past year, Hanwha’s chemical business was highly responsive to the increase Embracing innovations and in global demand. The results of its efforts drove the Group's overall performance to unprecedented levels. This achievement was due, in part, to the successful execution of a strategy to diversify our product portfolios while also focusing on developing pursuing opportunities high-value-added products. Our general-purpose products have also been highly competitive in the market, furthering our success. Our high-value-added basic products, segue into specialized products, and diversification of our supply of raw materials have to build a better future been key to our steady growth.
Hanwha Advanced Materials has contributed to the Group’s overall performance. Last year in 2017, the company’s lightweight composite materials for automobiles captured and held 70 percent of the global market. This can be attributed to the importance we’ve been placing on investing for the future. For the last 10 years, we've been securing proprietary technologies and increasing our investments in R&D to continue improving our capabilities.
In aerospace, we are concentrating efforts in the international markets with our world-class advanced aircraft engine technology. To strengthen our competitiveness in the advanced aircraft engine business, we reorganized our business structure in 2018. We also changed the company name to Hanwha Aerospace. Back in 2017, we signed an agreement with GE, a global manufacturer of aircraft engines, to supply engine parts worth USD 229 million. And for the last three years, we have secured contracts valued at USD 6.3 billion.
In mechatronics, we are partnering with manufacturing companies in Asia and Europe. Our laser focus is on innovations. Like our joint venture in Singapore, it is a local partnership that leverages our unmanned industrial robot technology that we first commercialized in South Korea.
4 5 Our vertically integrated solar energy business is leading the change in the energy paradigm At Hanwha, we reciprocate the loyalty of our customers. We do this by maintaining for the future. Our steel frame modules that utilize Hanwha Q CELLS core technology high-quality products, rewarding customers, and developing products that solve problems. were recognized by EuPD Research for its innovation for the fifth time in a row in Europe as And when faced with the choice, we choose legal, ethical, and economic responsibilities the Top Brand PV Seal 2018. In 2016, we led the markets in the US, South Korea, Turkey, and over any short-term gains. Australia. Last year, in 2017, we held the No.1 market share in the US and South Korea. We’re continuing to increase sales in the US and Japan and in emerging markets, such as As good corporate citizens, our mission is to help people thrive. We donate solar energy India and Turkey. And with a production capacity of 8GW, we are already the largest equipment to welfare facilities, schools, and public facilities at home and abroad. manufacturer of solar cells and one of the biggest module manufacturers in the world. This helps people in need and at the same time has the added benefit of helping our By 2020, we expect to be a clear leader in the global solar energy market. planet. We sponsor and promote social contribution activities in culture, arts, and sports. In 2018, we were an official sponsor of the PyeongChang 2018 Olympic and Paralympic In financial services, Hanwha is accelerating innovations for the future. Using digital Winter Games. technology, we have built an advanced customer management system utilizing Big Data. We are also promoting Fintech-based business models in a range of fields to maintain our Helping people also means helping our employees, our most valuable assets. We cultivate leadership in this fast-paced financial market. We’re currently building a blockchain-based future talents and foster an organizational culture because we believe that when the platform and using artificial intelligence to advance our customer service. business grows, jobs should get better and talents must be nurtured. After all, in the world today, the clearest solution to the greatest challenges, is people. Our services & leisure affiliates are also harnessing Big Data to better understand our shoppers—the latest fashions, trends, and preferences through various social media outlets. The people at Hanwha are our answer to a world of uncertainty where rapid advancements Using this data, we’re customizing our products to cater to their needs, and developing in digital technology are accelerated by emerging technologies and infrastructure changes. better marketing programs for our customer segments. Product customizations and tailored Our people understand that because change is constant, we too must change. marketing programs will allow us to offer differentiated experiences to shoppers and Innovations and ideas are not enough to address these challenges of tomorrow; we must tourists domestically or abroad while also contributing to the local economies. In 2018, we look beyond maximizing profits and seek long-term value and sustainable social will open a premium marina resort complex with high-end recreational facilities. developments, today. The answer isn’t simple but with the right cause and the right people, we can Go Further Together and continue our success. We hope you agree and join us on this important journey ahead.
Chairman Seung Youn Kim
6 7 Business Highlights
At Hanwha, we partner with our customers. We listen first and then create solutions. Our expertise and approach are guided by deep understanding of customer needs that we apply to products and services that are changing how the world works, lives, and plays.
8 9 Seek Find
WE SEEK NEW TECHNOLOGIES WITH WHICH YOU CAN FIND NEW APPLICATIONS.
10 11 Working in Synergy to Enhance Competitiveness From refining and basic chemicals to synthetic fuel and advanced materials, Hanwha’s integrated portfolio impacts a wide range of industries, including automotive, electronics, and solar energy. By integrating the company’s R&D, in-house supply chain, and manufacturing facilities toward a common vision, Hanwha is better able CHEMICALS to pursue continuous innovation and Energy new growth areas, while controlling (oil refining) & MATERIALS costs. Jet fuel, diesel fuel, gasoline, LPG Hanwha Petrochemical V alue - added
Hanwha researchers are leaders in their fields and passionate about innovating BASIC PETROCHEMICALS and exploring new ways to produce Ethylene, propylene, SM Hanwha Petrochemical butadiene, aromatics (BTX) petrochemicals and advanced materials integration naphtha that our customers leverage to push their own limits of what is possible in automotive engineering, solar energy, nanotechnology, and other fields. For example, our breakthrough process for producing the Synthetic resins and CHLOR-ALKALI synthetic resin EVA is allowing companies to synthetic materials PRODUCTS manufacture solar cells with higher purity, Hanwha Petrochemical PE, PP, EVA Caustic soda, chlorine Hanwha Chemical Hanwha Chemical PE, PVC EDC, VCM, ECH transparency, and efficiency at lower costs. Hanwha General Chemical PTA TDI
In the automotive industry, our revolutionary lightweight composite materials are prized for their durability and flexibility—comparable to steel in strength but with 20 to 25 percent Advanced materials Hanwha Advanced Materials Advanced lightweight less mass. This means cars can weigh less but composite materials and parts for automobile perform better. These and other innovations Electronics materials Solar materials provide greater value for our customers and attract partnership opportunities for Hanwha worldwide.
12 13 PETROCHEMICAl A Leader In South Korea
Hanwha continues to maintain its leading position in South Korea’s petrochemical sector with total sales of USD 18.6 billion.
ETHYLENE No.1 In South Korea
With an ethylene production capacity of over three million tons, Hanwha now ranks first in South Korea and ninth worldwide in this important market.
’s Daesan Petrochemical Complex 14 15 W&C Compound World-Class Innovation
After acquiring W&C compound, an innovative polyethylene synthetic resin, for the South Korean market, Hanwha had, in effect, freed the South Korean manufacturers from their dependence on imported resins for power transmissions and distribution cables.
EVA PTA No.1 No.1 Worldwide In South Korea
Hanwha has an ethylene vinyl With a purified terephthalic acid (PTA) acetate (EVA) production capacity production capacity of more than of 660,000 tons, the largest of any two million tons per year, Hanwha ranks company in the world. No. 1 in the domestic PTA market.
16 17 AUTOMOTIVE THERMOPLASTICS 70% Global Market Share
Hanwha StrongLite and SuperLite products now account for 70 percent of the global market in GMT (glass fiber mat thermoplastics) and LWRT (low-weight reinforced thermoplastics) technologies.
R&D Growth Engines
Hanwha's Research and Development is focusing on growth areas for the future, including new chemical products, automotive parts development, materials, and applications.
18 19 QUESTIONS ANSWERS
HERE ARE ANSWERS TO QUESTIONS AS WE LOOK TO THE FUTURE.
20 21 Leading in Innovation and Expertise We are the only company in South Korea
with advanced aircraft engine technology. TOTAL SOLUTION PROVIDER IN AEROSPACE & M ECHATRONICS Through our innovations and industrial expertise, Hanwha is becoming a global force in the aerospace and mechatronics industries with outstanding technologies for radars, optronics, avionics, and Aerospace
unmanned control systems. Flight control actuators, Hanwha Corporation/ aerospace hydraulics systems Machinery AEROSPACE & and fuel systems MECHATRONICS Aircraft engines Hanwha Aerospace Avionics Hanwha Systems
From here on earth for the skies above, mechatronics Hanwha is developing world-class products Hanwha Techwin Video surveillance systems in aerospace and mechatronics to help (video surveillance equipment, integrated management solution, corporations and governments meet their intelligent video analysis solution) future needs in manufacturing, commerce, security, and travel. And we continue to pursue Hanwha Precision Industrial equipment technological partnerships with other Machinery (chip mounters, screen printers, Explosives semiconductor flip chip mounters, Commercial explosives Hanwha Corporation/ 3D inspection machines, leading companies to develop solutions that Mining services Explosives total solutions of SMT production) satisfy customers around the globe. Collaborative robots
Hanwha Power Systems Industrial air and gas compressor Gas turbine package Power generation system
Hanwha Corporation/ Automation equipment, Machinery engine/transmission assembly line Solar cell and module manufacturing equipment, heat treatment furnace CNC automatic lathes, automotive parts
22 23 AEROSPACE USD 12 Billion Hanwha Aerospace has secured aerospace contracts worth nearly USD 12 billion by partnering with global aviation engine companies such as Pratt & Whitney, GE, and Rolls-Royce. We also signed an agreement with United Technologies International Corporation Asia Private Limited (Pratt & Whitney subsidiary) to acquire a 30 percent equity interest in P&W NGPF Manufacturing Company Singapore Pte. Ltd. The plan is to manufacture hybrid metallic fan blade parts and high-pressure turbine disks for engines.
Hanwha Aerospace’s aircraft engine production site 24 25 ELECTRONICS C4I Innovation
By leveraging our strategic alliances and building unique technologies in MACHINERY command, control, communication, computer, and intelligence (C4I), Hanwha Systems is bringing Expertise innovative solutions to global markets. Leads to Growth
With more than 50 years of experience in global mechatronics, Hanwha continues to develop innovative technologies for this industry. Our customers use our technology to improve productivity and efficiency.
SECURITY Innovative CCTV Solutions
Hanwha Techwin has accumulated over 30 years of core technologies in optics and image-processing. We leverage our technologies to develop complete security solutions, including video surveillance equipment and integrated solutions. With these products we’ve successfully expanded into new markets and increased market share in global markets. We’re now applying our expertise and experience to develop the next-generation technologies around deep learning and intelligent video analytics. We have the answers to today’s problems.
26 27 Tomorrow Today
WE INVEST IN THE POWER OF TOMORROW SO YOU CAN MEET THE ENERGY DEMANDS OF TODAY.
28 29 Accelerating Energy Sustainability Hanwha has built an integrated solar value chain that includes the production of ingots, cells, and modules to downstream development, operations, and financing. We are also actively promoting solar energy businesses in Japan, Europe, the US, and emerging markets.
SOLAR ENERGY Polysilicon Hanwha Chemical INTEGRATED SOLAR VALUE CHAIN
Manufacturing Hanwha Corporation/ Equipment Machinery With global-level capacity and top-quality solar products and services, Hanwha has rapidly become one of the most trusted names in the global solar industry. We are at the forefront of innovation in the solar energy Hanwha Q CELLS Ingots sector, with sustainable solutions designed to Cells address the global energy challenges of today Modules and tomorrow.
Hanwha Advanced EVA sheet / Back sheet EPC Hanwha Q CELLS Materials
OVERSEAS PROJECT Hanwha Energy DEVELOPMENT
O&M
Energy System Solution
DOMESTIC PROJECT Hanwha Solar Power DEVELOPMENT
30 31 SOLAR CELLS & MODULES Technology Leader
Hanwha Q CELLS’ proprietary Q.ANTUM solar cells significantly reduce energy consumption by utilizing PERC (passivated emitter rear contact) architecture. In 2016, the company achieved a record-breaking 19.5 percent efficiency rating with its multicrystalline solar module, the first module of its size to break the 300-watt barrier. Then in 2017, DNV GL, the world’s largest classification society, rated each Hanwha Q CELLS’ Q.PEAK and Q.PLUS series modules, the Top Performer. In June 2018, Hanwha Q CELLS succeeded in mass-producing 2 billion 10GW Q.ANTUM solar cells. Hanwha Q CELLS has the highest ranking among installers and has won the Top Brand PV Seal 2018 from EuPD Research for the fifth time in a row in Europe and the third time in Australia. In 2016, EuPD Research also ranked Hanwha Q CELLS as the top module manufacturer in the US for the first time.
SOLAR RESEARCH & SALES 40+ Countries
Hanwha has state-of-the-art solar energy R&D centers in Germany, South Korea, China, and Malaysia. Its marketing and sales operations are in more than 40 countries throughout Europe, Asia, and North America.
Power plant using Hanwha solar panels in Kahramanmaraş Province, Turkey. 32 33 SOLAR CELL PRODUCTION No.1 Worldwide
Hanwha Q CELLS is the global leader in solar cell manufacturing, with the world’s largest annual 8GW cell production capacity.
(as of Q1 2018)
PV MODULES Market Share Leader
In 2016, Hanwha Q CELLS signed the largest single contract ever in the solar industry. The agreement was with a company of the US, NextEra Energy Resources, to provide more than 1.5GW of solar modules. Hanwha Q CELLS is the market share leader among all global manufacturers in Japan and the US—the two of the three largest solar markets in the world. Hanwha Q CELLS is also leading in the emerging markets of India and Turkey. Our efforts are setting examples for green growth for the next generation and promoting employment in the new energy industry. 34 35 INNOVATE SECURE
WE INNOVATE FINANCIAL PRODUCTS SO YOU CAN SECURE A PEACE OF MIND.
36 37 Value-Added Services for Individuals and Institutions Historically, Hanwha has remained solid and stable while offering comprehensive financial solutions, including insurance, banking, securities and asset management services. INSURANCE Life, non-life insurance Hanwha Life General insurance Hanwha General Insurance finance TOTAL FINANCIAL SOLUTION
Securities Hanwha Investment Asset management, & Securities brokerage services, Hanwha offers a complete financial trading, investment banking service platform with insurance, securities, asset management, and banking products. We create value for individuals and Asset management institutional customers by continuously Stocks, bonds, ETFs, Hanwha Asset Management adapting to today’s rapidly changing derivatives, real estate financial landscapes and providing MMFs, PEFs financial solutions that give customers the freedom to pursue their dreams.
banking products Hanwha Savings Bank Deposits, commercial and personal loans
38 39 LIFE INSURANCE USD 103 billion (KRW 110 trillion)
Seventy years after being established as South Korea’s first life insurance company, Hanwha Life reached a new milestone with USD 93.3 billion (KRW 100 trillion) in total assets. In 2017, we grew and achieved new heights to lead the industry with USD 103 billion in total assets. We’ve maintained a sound financial structure since 2010, when we were first recognized as a major domestic insurer in the securities market. Hanwha Life is achieving industry-leading value in asset management, on-site sales competitiveness, and product development capabilities.
Hanwha Finance Plaza near City Hall in Seoul 40 41 fintech Securing Future Growth
Hanwha is leveraging Big Data strategically and applying the latest financial technologies to create sustainable growth in new markets, including online banking, insurance, and lending with mid-range interest rates.
42 43 SALES NETWORK Global Expansion
Hanwha Life continues to advance in the global market with successful subsidiaries in Vietnam, China, and Indonesia. Our next goal is to become the leading insurance company in each of these countries.
44 45 IMAGINE REALIze
WE IMAGINE DISTINCTIVE EXPERIENCES TO HELP YOU REALIZE YOUR DREAMS.
46 47 Bringing Joy to Life Hanwha’s growing network of unique resorts, hotels, and retail establishments has established the company as a respected leader in the leisure and lifestyle industry.
wide - ranging WIDE-RANGING PRE M IU Resorts, hotels, Hanwha Hotels & Resorts SERVICEs leisure, food services & LEISURE
From first-class shopping experiences Hanwha Galleria Retail & Fashion to luxury hotels and resorts, Hanwha Hanwha Galleria Timeworld pre m iu experiences is dedicated to helping our customers enjoy richer and more fulfilling lives. We Duty-free shop Hanwha Galleria Timeworld continue to expand our services and leisure businesses to bring dream-like experiences to life, for people around the world. EXPERIENCES
Hanwha 63 City COMPREHENSIVE REAL ESTATE SERVICE
Commercial development, Hanwha Station Development property management
48 49 retail Premium Contents Producer
The Galleria is South Korea's first and foremost premium department store chain. These stores represent Hanwha’s commitment to providing differentiated customer experiences by incorporating timely lifestyle consumer trends into its offerings. Galleria Duty Free is another store operated by Hanwha. It too is renowned for its luxury brands and has become both symbolically and literally, a golden landmark in the nation’s capital city of Seoul. The Galleria Duty Free resides within one of the tallest buildings in South Korea, the building, and is also owned and operated by Hanwha. The building boasts an aquarium and observation deck providing a combination of high-end shopping and tourist attractions for the discerning traveler.
Hanwha Galleria Luxury Hall 50 51 AQUARIUMS RESORTS Leader in Fine Stays, Maritime Special Culture Destination
Hanwha’s affinity for marine life shows Launched in 2018, Hanwha Hotels & in our chain of award-winning aquariums, Resorts Geoje Belvedere is an upscale including the eco-friendly Aqua Planet beachfront resort complex that offers located in the South Korean cities of Jeju, its guests a holistic experience—where Yeosu, Ilsan, and Seoul. Aqua Planet Jeju wellness and wellbeing are taken to a features a diverse and world-class marine whole new level. Nestled between a lush aquarium. Aqua Planet Ilsan features coastal mountain top and an idyllic sea, an aquarium and a zoo combined. Aqua the Belvedere is the ultimate destination Planet Yeosu showcases South Korea's where nature meets luxury. There are 470 only 360-degree dome aquarium. rooms, each with breathtaking views Our expertise in marine-life and aquarium overlooking the ocean. Guests can architecture is renowned and sought out luxuriate in amenities from fine dining to internationally. nature immersion programs to aquatic activities including yachting. The Belvedere’s single purpose is to help you connect to nature so you can unwind, rejuvenate, and enjoy life, as it was meant hotels to be.
A One of a Kind
THE PLAZA is South Korea’s most luxurious boutique hotel and considered one of the preeminent hotels in Asia. This 5-star hotel is centrally located in the heart of Seoul, amidst a myriad of tourist attractions and a bustling nightlife. THE PLAZA boasts 400 rooms and over 20,000 square feet of event space. It’s impressive in size but it is in its refined design, impeccable service, and premium accommodations that we take pride. THE PLAZA is the first hotel in South Korea to join the Autograph Collection, Marriott International’s premium portfolio of distinctive hotels. We are introducing exclusive services that combine the advantages of a local hotel brand with the benefits of a premier chain hotel brand.
52 53 Envision achieve
WE ENVISION POSSIBILITIES SO YOU CAN ACHIEVE YOUR GOALS.
54 55 Imaginations to Possibilities Hanwha E&C is at the forefront of the global construction business. By building on our deep expertise, our business can successfully expand across chemical and power plants, civil engineering works, commercial buildings, and more. Hanwha City Development, a leading private developer of high-tech industrial complexes, is also gaining a reputation as an experienced real estate PLANTS Petrochemical & refinery plants
construction GLOBAL CONSTRUCTION LEADERSHIP developer with end-to-end solutions. Power plants Environmental & industrial plants Renewable energy
Hanwha partners with customers to Expressways Civil Works understand their needs and goals. Roads & bridges Tunnels & ports Our deep level of engagement enables Water & sewage facilities us to truly envision before we build and Building works Business facilities exceed customer expectations after we do. Commercial facilities Institutional facilities From spectacular performance venues to Leisure & medical facilities cutting-edge manufacturing facilities to IDC Cultural & sports facilities affordable housing that brings families and Stations & terminals communities together, Hanwha is helping Apartments housing to enrich the lives of millions around the Luxury condominiums globe. Residential & commercial complexes
City Development Development of high-tech industrial complexes
56 57 IRAQ Projects Building A City
Hanwha’s Bismayah New City Project is an unprecedented effort to build an entire city covering nearly 60 city blocks and including over 800 apartment complexes. The Bismayah New City Project is the largest construction project in the history of the Middle East by a South Korean company. And recently, another contract worth USD 2.1 billion to build the social infrastructure for Bismayah city has been secured, pushing the total value of the project to more than USD 10 billion.
Bird's-eye view of the Bismayah New City 58 59 PETROCHEMICAL PLANT DEVELOPMENT Turnkey Solutions
Hanwha E&C continues to solidify its market presence in the Middle East and North Africa with industrial, power, and petrochemical plant projects, including the construction of the Saudi-owned Ma’aden petrochemical plant, which will have an annual production capacity of 1.5 million gallons of fertilizer.
SEAWATER SUWON DESALINATION PLANT CONVENTION CENTER Integrated Multiple Energy Innovative Development Projects Hanwha E&C is expanding its technologies and capabilities. One example Hanwha Hotels & Resorts and is the Saudi Yanbu II power generation and Hanwha Galleria are partnering desalination plant. They produce 15 million gallons of water a day. to build a hospitality infrastructure, a hotel, a department store, and an aquarium. And Hanwha’s engineering and construction expertise is bringing the visually stunning Suwon Convention Center to life.
60 61 Hanwha overview Hanwha’s Vision
Our vision is to touch the lives of every individual in every country in which we operate. We want to elevate the quality of life with our innovations and solutions. And to CHEMICALS & achieve our vision, we’ve set goals to help us lead in all Materials markets our businesses compete in. Anticipating change, A top 5 leader globally
innovations, and investments into future technologies and Qu
infrastructure are at the forefront of our agenda for each of ali ty our businesses. At the same time, we remain steadfast in Aerospace & Mechatronics
helping our customers grow with us with the products h G rowt Global leader in aerospace engine we build for them. After all, our commitment is to our and mechatronics solutions Solar Energy customers, employees, and to the world in which we live. Global market leader in solar energy 2020
Finance Our Spirit & Core Values Top financial group in South Korea
At Hanwha, we operate with the spirit of trust and loyalty above all else. They are reflected in our core values and serve Services & to guide us in how we do business and why we innovate. Leisure Top provider of premium leisure Our Core Values experiences and services in South Korea · we believe in challenging the status quo in the pursuit of excellence through change and innovation.
· we are dedicated to our company, customers, and one another to achieve a greater goal.
· we believe in acting with integrity in everything we do, as individuals and employees.
64 65 Hanwha Today
After our founding in 1952, Hanwha has grown into a Fortune Global 500 company. Our business expertise and USD synergies in manufacturing & construction, finance, and B services & leisure have made us the 8th largest business 56.91 top Total SALEs 8 enterprise in South Korea. And by quickly anticipating and (AS OF 2017) Business Enterprise in South Korea
responding to changing market conditions, we’ve led the Qu (total asset basis as of end of 2017)
industry with world-class capabilities. Our focus well-executed ali ty strategies and our aggressive investments have helped us top to successfully overcome the toughest challenges in key 6 h G rowt Business Enterprise in industries in chemical, aerospace & mechatronics, solar South Korea (net income basis energy, and finance.W e’re now building the foundation for as of end of 2017) 325 sustainable development and 2020 Global Networks
a brighter future for all. (as of END OF 2017) 70 Domestic Affiliates (as of END OF 2017) 66 Years of History (founded in 1952)
66 67 Milestones
Foundation of a Business Business Expansions The Second Foundation Building Momentum Accelerating Global Business 1952–1963 1964 –1980 1981–1995 1996–2006 2007– Present
Restoring a Modernization Strategic Restructuring Emerging as Nation’s Economy of a Nation Diversification for the New Century a Global Leader
After the Korean War, Hanwha As the nation’s economy grew, When became During the 1997 Asian financial crisis As the 21st century began, Hanwha Solarfun Power Holdings and Q.CELLS were played a critical role in reconstructing so did Hanwha. Our success came from Hanwha’s second chairman, that either crippled or nearly paralyzed accelerated global expansion by acquired in 2010 and 2012, respectively, our devastated nation. In 1952, aggressive and strategic investments in the company’s Second Foundation had most companies in South Korea, diversifying businesses and building a paving the way for Hanwha Q CELLS Hanwha took bold actions, innovating robust network of overseas operations. Korea Explosives Co. (now Hanwha key industries that could accelerate the effectively begun. And in the aftermath of to become the world’s No. 1 solar cell and restructuring. We secured liquidity Hanwha Advanced Materials Hanwha Q CELLS Corporation) produced industrial modernization of our nation. In the mid- the global oil shock in the 70’s, one of producer. In 2016, by selling profitable affiliates, made acquired US-based AZDEL Inc. and became the market leader in the US, South explosives desperately needed for 1960s, we established the Korea Hwasung Mr. Kim’s key decisions was to diversify employee job security our priority and established a production subsidiary in Korea, Australia, and Turkey. Our progress the reconstruction of our country’s Industrial Co. (now Hanwha Chemical into the petrochemical business by moved forward with faith in our spirit the Czech Republic in 2007 to increase and successes reflect our efforts and focus infrastructure. The company succeeded and Hanwha Advanced Materials) acquiring Hanyang Chemicals and Dow of trust and loyalty. We sought new its standing as a global automotive to strengthen our global competitiveness in producing nitroglycerin in 1959 and and entered the petrochemicals business. Chemicals Korea. He quickly turned the opportunities and began acquisitions. component maker. and adopt preemptive technologies. became only the second country in Asia to After launching Kyung-In Energy in 1969, failing businesses into the powerhouse One of them was Korea Life Insurance In 2009, Hanwha Chemical began produce industrial explosives. Since then, we established Hankook Precision in that they are today (now called Hanwha in 2002, a business that we have since constructing a PVC plant in Ningbo, China. much has changed and Hanwha today 1971 (now Hanwha Corporation/ Chemicals) in the global chemical grown steadily to make it the second In 2012, Hanwha Engineering & largest life insurance carrier in South Construction won a USD 10 billion has expanded its business enterprise Machinery). We sharpened our market. Under Mr. Kim’s leadership, Korea with assets of KRW 110 trillion in contract to construct an entire city in Iraq. globally. One thing, however, remains the competitiveness in the machinery we’ve also diversified into finance and 2017. We emerged from the financial It was the largest overseas contract ever same: our mission that a business should business by acquiring Shinhan Bearing services & leisure. In 1985, we acquired crisis without a single labor dispute, and awarded to a South Korean company. contribute to its society; and we do. Industrial. And in 1972, we continued to the Junga Group (now Hanwha Hotels were heralded as a role model for other Hanwha Life’s investment to expand advance South Korea's industrialization & Resorts) to become South Korea's South Korean corporations to follow. globally began with its Vietnam subsidiary by constructing Kyung-In Energy's leading leisure company. In 1986, we also in 2008 and that then led to another refinery and power plant. acquired Hanyang Stores (now acquisition—an Indonesian life insurance Hanwha Galleria) and expanded into company in 2013. Recently, the company the retail industry. entered the Fintech sector to find more opportunities that could lead to greater financial security for more people orldwide.
1952 Korea Explosives Co. 1965 Korea Hwasung Industrial 1976 Sungdo Securities (now 1994 Hanwha R&D Center is 2002 Hanwha acquires Korea 2007 Hanwha announces its 2012 Hanwha acquires 2015 Hanwha General (now Hanwha Corp.) is (now Hanwha Chemical Hanwha Investment & built Life Insurance new corporate identity Germany-based Q.CELLS Chemical, Hanwha founded and Hanwha Advanced Securities) is acquired (now Hanwha Life) and Hanwha Q CELLS is Techwin and more Materials) is founded launched companies are launched 1986 Hanyang Stores (now Hanwha Galleria) is acquired
68 69 * The financial data in the Financial Highlights show the simple aggregate of sales, risks, market conditions, uncertainties, or changes in circumstances. In addition, Financial Highlights total assets, total liabilities, and total stockholder equity among the Hanwha the actual results may differ from the published or suggested content herein, Group’s major affiliates at home and abroad. (Source: theHanwha Group) and may change without prior notice due to shifts in market conditions and * Figures for sales and total assets of individual affiliate companies published on change in strategies. This data was generated for reference purposes only. The page 75 and subsequent pages of this brochure are data officially announced by Hanwha Group has no obligation to set or change expectations and forecasts the Financial Supervisory Service. for the future contained herein. The data contained herein must not be used for * This outlook data was generated prior to completing the internal financial investment purposes. The Hanwha Group does not provide any guarantee for statements, accounting reviews, and an external audit report and are therefore the data and its contents, and has no liability or responsibility for the outcome of subject to change upon settlement of accounts and accounting audit results. investments made based on this data. The outlook data also include information on forecasts that may be affected by
Total Sales total assets Total liabilities total In USD Millions In USD Millions In USD Millions STOCKHOLDERS equity In USD Millions
61,242 180,331 143,257 37,074 56,907 176,887 142,079 53,895 34,807 150,253 122,231 28,022
2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 (E) (E) (E) (E)
* Sales are converted into US dollars at the average exchange rate of USD 1= KRW 1,130.84 in 2017, and KRW 1,160.50 in 2016. * Assets, liabilities, and shareholder equity amounts are converted into US dollars at the December 31 closing exchange rate of USD 1= KRW 1,071.40 in 2017, and KRW 1,208.50 in 2016. * The 2018 expectancy data was converted based on Hanwha Group’s internal exchange rate of USD 1=KRW 1,130. 70 71 Hanwha Businesses Manufacturing & Construction
Hanwha Corporation Hanwha Aerospace Hanwha Land Systems Hanwha Systems Hanwha Defense Systems Hanwha Techwin Hanwha Precision Machinery Hanwha Power Systems Hanwha Chemical Hanwha General Chemical Hanwha Petrochemical Hanwha Advanced Materials
Hanwha Q CELLS Hanwha Energy Hanwha Engineering & Construction Hanwha City Development
74 75 Hanwha Hanwha Corporation was founded at competitive prices. We also completed and Missile Defense (KAMD), Kill Established in 1953, Hanwha understanding with GE. We’re working in 1952 as Korea Explosives Company, the full vertical integration of nitric Chain, and Korea Massive Punishment Corporation/Machinery is today with companies around the world not Corporation quickly becoming the leader in the acid-ammonium nitrate-industrial and Retaliation (KMPR)—which earned leveraging its deep experience and only to establish and strengthen our www.hanwhacorp.co.kr explosives industry of South Korea. It has explosives by acquiring granular us a reputation for consistent reliability cutting-edge technology to lead relationships but also to increase our since grown into a global manufacturing ammonium nitrate production lines. And from the South Korean government. the machinery equipment industry business competitiveness in the global and trading company operating in four we continued to invest in innovations to To become a "trusted global partner worldwide. We produce high-value- arena. At the same time, these initiatives Expertise business areas—explosives, defense, produce high-value-added technologies, in providing innovative defense added machinery equipment including are helping us to become a global leader, Explosives: Industrial explosives products, trading, and machinery. such as the electronic detonator. solutions," we are securing core business industrial machinery and machine tools, to explore new growth engines, and to raw explosives materials, explosives competencies and strengthening our with a focus on heat treatment, factory expand our global presence. applications, domestic and overseas In 1959, Hanwha was the first domestic Since entering the defense industry internal capabilities. automation, and precision processing. mining services manufacturer of dynamite in South Korea. in 1974, Hanwha Corporation/ Our machine tools, custom built to meet Defense: Precision-guided munitions, After having successfully developed safer, Defense has contributed significantly Hanwha Corporation/Trade is customer feature requirements and advanced ammunition, underwater high-quality industrial explosives and fire to improving South Korea’s military an international trading company that production lines, have helped us gain surveillance equipment, navigation process products, we have been able to defense capabilities. We operate has played a leading role in globalizing the largest market share in South Korea. system, laser supply the South Korean government businesses in precision-guided munitions, Hanwha Group after it was founded And with our technology and experience, Trade: Petroleum, petrochemicals, steel, with the crucial means to rebuild its cities advanced ammunition, and underwater in 1966. We have built a global network we’ve successfully segued into producing machinery, defense sales, construction and infrastructure. surveillance equipment. We have of more than 27 overseas corporations high-quality cells and modules, and to materials, papers, healthcare, automation also entered the aerospace business, and offices. Our network allows us to building solar cell manufacturing facilities facilities, project organization, Today, Hanwha Corporation sharpening our competitive edge. In work in synergy in world markets for for our customers. green energy continues to apply its extensive 2015, we conducted large-scale mergers Hanwha Group. As we continue to experience with explosives technology and acquisitions, changing our business build our existing trading business, we Our state-of-the-art aerospace Machinery: Machine tools, aerospace, and has expanded into raw explosives focus from ammunition and guided lay the groundwork for stable growth technologies have allowed us to solar, factory automation, power train, materials, explosives manufacturing, and munitions to include self-propelled guns by investing in value chain businesses. make great strides toward becoming plant machinery explosives applications. We entered the and engines for aircraft and fleets.W e’re We focus on discovering and fostering a global leader in manufacturing mining service market in 2014, quickly also investing in defense electronics such new business models that are country- auxiliary aerospace machinery parts 2017 Total Sales gaining a firm foothold in the world as radar and combat systems. In 2018, specific and overseas projects in the and electronics. Our aerospace business In USD millions markets with high-caliber products and we began building our competitiveness hospital and infrastructure sectors. In builds auxiliary parts for engines services. We started offering mining in navigation systems and laser, the time, these businesses will become new (hydraulic and fuel injection systems) services in South Korea and Indonesia. core technologies of the future weapon revenue sources for our general trading and parts for flight control systems such We continued to expand our business system, as our new growth engines. business. We are increasing our network as landing gear electronics. In 2015, 4,103 into new service areas. In 2015, we strategically in Latin America and Africa, we began a partnership with UTAS, a entered a new market and took over the We have been instrumental in the and building new overseas business company in Turkey, to export aerospace 2017 Total Assets Australian mining service company LDE formation of the South Korean 3-axis opportunities. parts. Our aerospace maintenance In USD millions by providing high-quality products system that is made up of the Korea Air business also signed a memorandum of 6,981
Hanwha Corporation provides solar machinery to Hanwha Q CELLS, one of the world’s largest photovoltaic manufacturers, recognized for its high-quality, high-efficiency solar cells and modules.
76 77 Hanwha Hanwha Aerospace began by large-scale aircraft engine parts to GE Hanwha Land Hanwha Land Systems entered the K55 self-propelled howitzers. exporting the K10 ammunition resupply building businesses in the aircraft engine and Rolls-Royce, becoming a trusted defense industry in 1983, developing We developed the K9 self-propelled vehicle to Norway for the first time in Aerospace and film camera industry in 1977. Since partner in the global aircraft industry. Systems and producing land systems that howitzer, the world's top-quality howitzer 2017. www.hanwhaaerospace.com then, we’ve aggressively invested in We also entered into a contract with www.hanwhalandsystems.com played a pivotal role in increasing the with overwhelming firepower, high research to develop our technologies in the American aerospace manufacturer, defense capabilities of South Korea’s maneuverability, and survivability. Our We intend to grow as a global top provider Expertise optics, video, and aircraft engines. We’ve Pratt & Whitney to operate a joint venture Expertise armed forces. We became an affiliate of K10 ammunition resupply vehicle is the of land systems. We will continue to invest then expanded into aircraft / gas turbine with a Singaporean manufacturing Hanwha Group in 2015. Just two years world's first fully automated ammunition in advanced technology that we can Engines, engine components Defense land systems (artillery systems, engines businesses. To evolve as we have, company. Our partnership with later, we were spun off fromHanwha resupply system equipped with a K9 incorporate into our total convergence unmanned systems, remote controlled we had to successfully develop top-tier Pratt & Whitney is a Risk and Revenue Techwin in 2017 as an independent self-propelled howitzer. Our Evo-105 solutions for artillery, armored vehicles, 2017 Total Sales and original application technologies that Sharing Partnership (RSP) to co-build the weapon stations) and specialized defense company and self-propelled howitzer is a new-concept robots, unmanned systems, and energy In USD millions gave us the competitive edge needed next-generation aircraft engine. This renamed Hanwha Land Systems. weapon system. It comes with a 105mm storage systems. And by providing for our businesses around the globe. And partnership represents our joining the 2017 Total Sales We are building synergy with other towed gun and an automatic fire innovative defense platform solutions, as our technologies advanced so did our ranks of other leading aircraft engine In USD millions defense affiliates, which reflects the control system on a vehicle. We are also we will become a sustainable and expertise and our ability to not only meet manufacturers of the world. In 2017, we Group’s decision to separate commercial developing leading-edge new products, trustworthy leader in the global defense 3,728 the changing market demands but to established a production base in Vietnam and defense businesses. such as defense robots and remote industry. anticipate them. to improve our cost competitiveness and controlled weapon stations suitable for 2017 Total Assets increase production capacity. 682 Over the years, Hanwha Land Systems future battlefields. In USD millions As South Korea’s only producer of gas has been taking on large-scale projects turbine engines for the last 40 years, We’re in an industry that sees great and 2017 Total Assets for the national defense of South Korea. Our expertise in performance and we have been in a fortunate position to fast changes but despite them, we’ve In USD millions As a result, we’ve accumulated invaluable technology is recognized worldwide, 5,365 capitalize on all the opportunities that seen great successes and we remain experience and defense expertise giving us a bridgehead to enter the have allowed us to build a powerful committed to our goal to become the that we can confidently call our core global defense market and develop business in aerospace. We now provide top global partner in aviation engine competencies. With them, we are now new markets. We have exported the K9 a range of gas turbine engine solutions parts. Our strategy is simple: we anticipate 1,175 securing the future of South Korea by self-propelled howitzer—a weapon that Hanwha Aerospace total sales and total assets are based on consolidated that our nation needs and those that are the ever-changing markets and address helping the nation build an independent has gained a reputation for excellence financial statements. also desired by markets all over the world. them through continuous development national defense. We’re developing in the international defense markets, In 2016, we surpassed a milestone of of technology while focusing on quality. artillery solutions for modern warfare. We including Turkey, Poland, Finland, India, completing 8,000 gas turbine units and have applied our experience and Norway. We continue to enter new signed a contract to provide in producing more than a thousand markets and grow our footprint, such as
World-class quality and continuous R&D have Leveraging our industry experience and propelled Hanwha Aerospace to become expertise, Hanwha Land Systems is a global supplier of engines for aircrafts, becoming a leading defense company with including fighter jets and UAVs. cutting-edge convergence solutions for ground systems.
78 79 Hanwha As a leading global total solutions Hanwha Systems’ C4I businesses integration from having developed Hanwha Defense Hanwha Defense Systems was worldwide including in the Middle East Hanwha Defense Systems is company, Hanwha Systems provides are completely reliant on our original world-class IT solutions and services established in 1937, and in 2016, it became and Southeast Asia. exceptional at producing a range of Systems differentiated smart technologies technologies for developing products over the years in a variety of industries Systems an affiliate of Hanwha Group. launching systems that leverage advanced www.hanwhasystems.com in defense ICT and information that can operate in future combat including manufacturing, defense, www.hanwha-defensesystems.co.kr Hanwha Defense Systems’ goal is We have seven specialized infantry fighting technology and augments that with infrastructure. In August 2018, we environments. We produce construction, financial services, retail, to become a global top-tier company vehicle models that use the K200 as deep experience. These systems include launched the new ICT division through next-generation tactical information service, and education. We’re now in the defense industry. To achieve this the base: the K277 (for command post), launching platforms, command and fire Expertise Expertise the merger with Hanwha S&C. communication networks (TICN) using building customized systems with goal, we’re leveraging our state-of- the K281/K242 (mortar-equipped), the control systems, ammunition systems, Defense: Surveillance and reconnaissance Our ICT division will enable us to increase these technologies and next-generation expertise that differentiates us and makes Infantry fighting vehicles, the-art production facilities to build a K216 (aka CBR - Chemical, Biological, and and ammunition carrier vehicles. Our systems, C4I-SR systems, naval systems, our leadership in defense electronics satellite communications systems. us more competitive in these industries. air defense weapons, comprehensive suite of defense solutions Radiological), the K288 (rescue), the K221 flagship system is the multiple rocket aerospace systems by leveraging advanced defense IT For the South Korean Navy, we serve guided weapons, launching systems including infantry fighting vehicles, air (smoke grenade launchers), and the K263A launcher CHUNMOO. As with the BIHO, ICT: Integrated IT business services and system integration capabilities. as the sole supplier for their naval Our ICT division operates a Cloud-based defense weapons, guided weapons, (self-propelled 20mm Vulcan). Since 2009, the CHUNMOO was co-developed with And by strengthening our SI business combat management system. Our Big Data center that provides data and launching systems. We believe in we have produced the K21, a world-class a partner’s R&D. We also produce more competencies, we will be able to expand proprietary technology is at the heart analysis. And combined with our smart 2017 Total Sales developing practical solutions with IFV with improved firepower, survivability, than 40 other launching systems. Our land 2017 Total Sales into areas of public infrastructure and of their enhanced combat systems and factories powered by IoT and Big Data In USD millions innovation and technology. and maneuverability for high-speed launchers include the CHUNGOONG that In USD millions private security. integrated solutions for sensors and technologies, we’re on a path to improve operations. can effectively eliminate enemy threats armament. productivity, predictability, quality, and In 1984, we began supplying weapons at medium altitudes. Our Blue Shark is a Since its founding in 1978, processes for our companies and our systems to the South Korean military We provide a lineup of air defense and launcher that can be mounted on a ship 1,070 the Hanwha Systems defense In aerospace, we are developing core clients. We’re even helping our nation as 594 with the K200, an Armored Personnel guided missile solutions that are optimal to launch torpedoes. The HAESUNG is a division has significantly advanced the avionic electronics for the light armed a whole)—keeping cities safe with our Carrier (APC) built independently and for a range of operations to combat ship-to-ship guided missile launcher that defense capabilities of South Korea’s helicopter (LAH) and Korean fighter integrated security and control platforms 2017 Total Assets commercialized in South Korea. Since then, mid- and low-altitude aerial threats. can precisely strike enemy ships from 2017 Total Assets military. We’ve applied over 40 years of airplane (KF-X). We are also building designed for the public infrastructure. In USD millions we’ve also developed the CHUNMA (our The CHUNMA is South Korea's first 150km away. In USD millions experience and technologies in precision Synthetic Aperture Radars for military flagship surface-to-air guided system), surface-to-air guided system, an effective electronics and ICT to develop advanced reconnaissance satellites. Our strategy We are on a journey, a digital transformation, BIHO (an air defense weapon), K21 Infantry weapon system against low-altitude aerial Hanwha Defense Systems is South systems for surveillance, reconnaissance, is to lead the future defense industry by seeking both possibilities and Fighting Vehicles (IFV), and CHUNMU threats on core assets. In 2015, we mass- Korea’s premier defense company. Through 1,372 control, communication, computer, and improving our technical capabilities and opportunities with digital innovations 713 (a multiple rocket launcher). In 1993, we produced the BIHO to allow the mounting hard work and strong R&D investments, we intelligence (C4I), naval, and aerospace. building strong relationships with and disruptive technologies that exported the K200 to Malaysia, marking our of conventional weapons. Its use has are also becoming a leader in the global key partners who are leading in the combine AI, IoT, and Big Data. We’re first large-scale overseas export as a South boosted the anti-air defense capabilities of defense industry and gaining recognition Our surveillance and reconnaissance Internet of Things (IoT) and Artificial building internal block chain platforms Korean defense company. In 2007, using the South Korean armed forces. Because for developing reliable defense solutions. systems that we developed for South Intelligence (AI). in anticipation of the Fourth Industrial our original technology, we developed the of its excellent maneuver capability, the We’re creating synergy with our defense Korea’s national defense include the Revolution. We’re forging AI technology K21, a vehicle that can operate on water. BIHO can be highly effective in various air affiliates. Together, we will develop thermal observation device (TOD), Our seven customer support centers partnerships with global leaders like We developed the BIHO (an air defense defense operations such as in mechanized comprehensive defense systems that will electro-optic tracking system (EOTS), across the nation provide product with Element AI, a globally leading AI weapon) and the Tigon (a wheeled infantry. transform Hanwha into a top 10 global infrared detection tracking equipment, support for weapon systems operations. company. Our partnerships will lead to armored vehicle). We market our products defense company. and multifunctional observation scopes. Hanwha Systems offers integrated the development of core technologies Hanwha Systems is also developing logistics support (ILS) with timely on deep learning including text an active electronically scanned array customer support, guaranteed. analysis, natural language processing, (AESA) radar for the next-generation and knowledge databases. We will South Korean fighter KF-X and upgrading Hanwha Systems ICT division’s history apply our technologies to strengthen our cutting-edge radars, including FFX dates back to Hanwha Group’s ICT our businesses globally in finance, Batch-Ⅲ Multifunction radar and M-sam team integration in 1991. After spinning manufacturing, and the services Hanwha Defense Systems has led South Korea's defense industry for more than Multifunction radar. off from Hanwha Corporation in industries so that by 2020, we can begin 40 years. Since being designated as a defense 2001, Hanwha Systems ICT has benefiting from the possibilities realized company in 1973, we have developed accrued deep-level experiences in system and the opportunities taken. cutting-edge technology to build infantry fighting vehicles, air defense weapons, guided weapons, and launching systems.
(left) Hanwha Systems R&D Center develops cutting-edge technologies to build world-class radars, electro-optics, missile seekers, and tactical communication systems.
(right) The Hanwha Data Center embodies a state-of-the-art integration infrastructure that enables our clients to derive better solutions for stronger value for their customers.
80 81 Hanwha Established in 1977, Hanwha Techwin’s Hanwha Precision After developing the first chip mounter in Hanwha Precision Machinery’s Our solutions that include the T-Solution, advanced optical technology and image- 1989, Hanwha Precision Machinery T-Solution is a comprehensive SMT SMT mounters, and collaborative robots, Techwin processing technology have made us a Machinery has become a leading worldwide production line solution designed for are just some of our products that www.hanwhatechwin.com global leader in video surveillance. We’ve www.hanwhaprecisionmachinery.com Smart Factory solutions provider, offering Smart Factories. It connects all assets in represent our commitment to innovate heavily invested in R&D to innovate and Surface Mount Technology (SMT) a production line and utilizes Big Data continuously and our ability to overcome Expertise meet the ever-changing market needs. Expertise mounters, semiconductor equipment, analysis to provide seamless operations, the toughest challenges. We do this to In so doing, we’ve been gaining insertion and assembly automation better quality control, and the ability to develop customer-oriented solutions that Video surveillance solution recognition as a global top-tier company. Chip mounters, screen printers, equipment, collaborative robots, operate remotely. T-Solution, recently deliver greater efficiency, versatility, and By applying our experience and application equipment, industrial automation equipment, and launched, embodies the principles of value. We do this because ultimately, 2017 Total Sales subject matter expertise to our product collaborative robots integrated software solutions. Industry 4.0 in terms of interoperability, as partners, when our customers succeed, In USD millions development, we’ve been able to create connectivity, and autonomy. It yields we succeed. a complete line of security solutions from 2017 Total Sales We have two primary product lines. higher production efficiencies, greater CCTVs and video recorders to integrated In USD millions Since launching in 2013, our SM series installation accuracies, zero defects, and management software. Our products has continuously evolved. It boasts lower maintenance costs. 513 are designed to meet every application the best performance in its class and is including urban surveillance, retail, our bestselling product line. In 2017, it Leveraging our unmanned automation 2017 Total Assets transportation, and banking. 224 achieved the No. 1 market share in the technology and experience, we launched In USD millions global medium-speed chip mounter South Korea's first collaborative robot in We manufacture over 2.7 million video 2017 Total Assets market. Our new flagship product April 2017. Robots that can perform surveillance devices in South Korea, In USD millions line, the DECAN series, is a high-speed basic tasks and supplementary work 357 China, and Vietnam. They are sold mounter that can claim to be the world's enable us to maximize efficiencies in through our sales networks across only modular conveyor system where key many industries, including automotive, Europe, the Americas, China, Middle East, components can be replaced. electronics, food, and medicine. and Asia. Currently, 76 percent of our 146 Hanwha Techwin total sales and total assets are based on consolidated sales comes from our overseas markets. financial statements.
Hanwha Techwin’s flagship brand, The DECAN series, our flagship product line, Wisenet, represents our technological is a new high-speed mounter that adopts the excellence in video surveillance systems. world's only modular conveyor feature. Hanwha Techwin offers a wide range The SM Series is our bestselling product line of products from economically affordable with best-in-class performance. to premium grade solutions that can be customized.
82 83 Hanwha Power Hanwha Power Systems launched marine Vapor Recovery Unit (VRU) steam businesses that can support petroleum Hanwha Established in 1965, Hanwha Chemical We continue to improve production In 2016, we strategically acquired in 1997 on the strengths of reliable recovery turbo compressor. And, in 2015, gas and power generation customers. is a total solutions chemical company efficiency and cost competitiveness while a company to maximize the synergy Systems technology and deep experience in we entered the LD/HD compressor Recently, we received an order from Chemical with streamlined production systems meeting the growing demand for our in production processing of CA and www.hanwhapowersystems.com gas turbine engines. Since then, we’ve market with a compressor for LNG carriers the US Department of Energy (DOE) hcc.hanwha.co.kr for polyethylene (PE), polyvinyl chloride products around the world. Our PVC vinyl chloride monomer (VCM) while become a global powerhouse and have and solutions for shipbuilders. for a project related to SCO2 engine (PVC), and chlor-alkali (CA). As South plant, completed in 2011 in Ningbo enhancing our production efficiencies Expertise sold more than 5,000 units worldwide. development. We are now looking to Expertise Korea’s leading petrochemical company, city in China’s Zhejiang Province, was with toluene diisocyanate (TDI), a raw Using advanced technology, we Hanwha Power Systems is an collaborate with Southwest Research we dominate the nation’s chemical built to produce up to 300,000 tons of material for polyurethane products. Industrial air and gas compressor, PE, PVC, CA, polysilicon, TDI developed high-value-added product energy equipment company that is Institute (SRI) in the US. The SCO2 project industry with high-quality PVC, CA, and PVC annually. Today, with continuous gas turbines, power generation system lines. Our product lines include air rapidly expanding its sales and R&D is expected to supplant the steam linear low-density polyethylene (LLDPE) improvements in the production process, In our upstream solar businesses, compressors for industrial processes, networks globally. We currently have turbine market and become a game 2017 Total Sales that we offer at competitive prices. the plant is producing 350,000 tons of we’re continuing our investments in 2017 Total Sales fuel gas compressors for power plants, six international sales offices, as well as changer that creates new markets in the In USD millions PVC each year. In Bang Phli, Thailand, infrastructure and working to become In USD millions boil-off gas compressors for LNG terminals production facilities in South Korea and distributed power generation market. In 2012, we successfully commercialized we built an alkali soluble resin plant with a global leader. One of our facilities and plants, and extremely low-temperature China. Our R&D centers, located in the In partnership with KEPCO in 2017, high-density ethylene vinyl acetate (EVA) an annual capacity of 17,000 tons. This alone can annually produce up to 15,000 compressors, expanders, and LD/HD cities of Houston, the US and Pangyo, we began the development of a pure for the first time in South Korea. Just four facility serves as an important base of tons of polysilicon. Our facilities employ (low duty/high duty) compressors for South Korea, are accelerating our oxygen gas turbine)—an eco-friendly 3,507 years later, we localized the production operations as we enter other markets in advanced technologies that produce 177 LNG carriers. development co-ops on a global scale. and highly efficient power generation of chlorinated polyvinyl chloride (CPVC), Southeast Asia. environmentally-friendly products, At the same time, we’ve been focusing on equipment. We expect our collected 2017 Total Assets enhancing the quality of our PVC. such as ECO-DEHCH, an eco-friendly 2017 Total Assets In 2011, we entered the gas compressor developing closer relationships with our efforts and accomplishments to propel In USD millions Hanwha Chemical was the first South premium plasticizer. They represent our In USD millions market and are now the only energy key customers in the O&G industry. us to leadership in the eco-friendly power We obtained the New Technology Korean petrochemical company to tap commitment to a better environment equipment company in South Korea In the first half of 2016, we obtained generation solutions market. Certification from the Korean Agency for into new business opportunities in the for a better tomorrow. capable of independently designing, a vendor approval for API617 and API672 Technology and Standards and, in 2017, Middle East. We signed joint venture producing, and testing large-capacity from Saudi Aramco. We also strengthened 6,985 we built a production line that could contracts with International Polymers 198 high-pressure gas compressors. our cooperation with GE Oil & Gas by produce up to 30,000 tons of CPVC Company, a private petrochemical Our high-efficiency compressors along signing MOUs for gas turbine generators annually. We partnered with the Institute company in Saudi Arabia, and Gulf After the establishment of a new corporation with our expanders, give our customers and packages. of Chemical Process at Seoul National Advanced Cable Insulation Company in July 2017, our year-end sales exceeded a competitive advantage in delivery and University and the Korea Advanced in 2009. In 2015, we achieved cost USD 77.7 million. the ability to build their core components Our next goal is to become a total Institute of Science and Technology reductions and economies of scale as our in-house. In 2013, we launched energy solutions supplier. To this end, (KAIST) to establish joint research joint venture with International Polymers the world's largest air-cooled turbo we’re working to strengthen our product centers. It was a significant step toward began to produce EVA and LDPE. With compressor SA3100. In 2014, we won portfolio in the compressor business enhancing quality and accelerating the Gulf Advanced Cable Insulation, we are the contract to supply the world's first and expand into turbine-related pace of innovation. producing wire and cable compounds.
In the petrochemical process, our compander The Hanwha Chemical Ningbo PVC plant is a state-of-the-art turbomachine that in Zhejiang, China, was completed in 2011, features the capabilities of both a compressor enabling us to target China’s PVC market with and an expander without using redundant outstanding quality and value. components such as a base frame, gearbox, or an oil system. Hanwha Power System’s compander represents the company‘s leading expertise in turbo compressor and turbo expander technology.
84 85 Hanwha Hanwha General Chemical was In June 2017, we established Hanwha Since its founding in 1988, energy such as gasoline, diesel, jet fuel, and We have the No. 1 market shares in the established in 1974 and then acquired Hanwha Solar Power to advance Hanwha Petrochemical liquefied petroleum gas to polymers that EVA used in solar cells, HDPE used in General Chemical by Hanwha Group in 2015. It was the mid- to long-term growth beyond has led the growth of the petrochemical are used in feedstock materials such as bottle caps, the EVA used in extrusion hgc.hanwha.com first company in South Korea to localize the single PTA business. Established as Petrochemical business in South Korea through polyethylene and propylene. coating, and flow mark free polypropylene production of purified terephthalic a growth engine for our PV business, www.hanwha-total.com technology innovations and market (FMF PP). These products have been Expertise acid (PTA), a primary component in Hanwha Solar Power also expansion strategy. In 2003, We are the only company in South Korea recognized as World Class Products by many types of polyester. PTA is used in contributes to South Korea’s efforts to Hanwha Petrochemical set that operates a naphtha-cracking center MOTIE. We attribute our success not only PTA, PV Business clothing, industrial fibers, film, and paint. develop renewable energy. We’re seeking Expertise out to build a foundation to become (a core facility in our petrochemical plant), to the vertical system we employ and The applications for PTA are expanding to improve our PTA-related technologies Ethylene, propylene, a global chemical and energy company. a condensate fractionation unit (a refining our product diversifications but also 2017 Total Sales dramatically. and develop related businesses in the BD, EG, SM, PX, PE, EVA, PP, gasoline, The company executed its plan by forming facility), and an aromatics plant, all in one to the power and vast global network In USD millions value chain we have grown over the last diesel, jet fuel, LPG, solvent a joint venture with the Total Group, single complex. This complex represents a of Hanwha Group. Today, our annual PTA production of 40 years. And to be globally competitive, a major French company in the energy successfully organized vertical system)— two million tons, makes us No. 1 in we’re making strategic investments and and chemical industry. Since then, and from sourcing to producing to distributing 2017 Total Sales both production capacity and market operating PV businesses not just at home In USD millions after becoming a Hanwha affiliate, the final products. The efficiency we’ve 1,591 share in South Korea. Our experience but also abroad. Hanwha Petrochemical achieved with this system allows us to and technology are also recognized has achieved a record-breaking financial diversify our business portfolio and pursue 2017 Total Assets worldwide. We have leveraged many performance. stable growth. In 2010, after registering In USD millions years of our expertise and applied our 8,559 our refining business with the South PTA processing technology, proven The product portfolio of Korean Ministry of Trade, Industry & Energy since 2010 in the Middle East. And since 2017 Total Assets Hanwha Petrochemical (MOTIE), we began as a full-fledged energy joining Hanwha Group, we have In USD millions includes basic chemicals such as ethylene, business. In 2014, we made the biggest 2,870 enhanced our cost competitiveness by propylene, and butadiene. Hanwha investment since establishing the business creating synergies with chemical affiliates Petrochemical also produces by building an additional aromatics plant, and diversifying our markets through base chemicals like styrene monomer, a condensate fractionation unit and an innovative management and sales 6,233 paraxylene, and ethylene glycol. With 18 ethylene-vinyl acetate (EVA) plant. With the practices. plant units in the Daesan Petrochemical additional production facilities, we now Complex, the company is able to produce produce 1.09 million tons of ethylene, a wide range of products needed for 2 million tons of paraxylene, and 1.06 million tons of styrene monomer annually.
PTA is the primary raw material for polyester Hanwha Petrochemical is the and is widely used in PET resin, bottles, films, leading producer of EVA, used in solar cells paint, and industrial materials. and the global leader in terms of market share.
86 87 Hanwha Founded in 1965, Hanwha They’ve captured the highest market by smart cars and electric vehicles. While operates the world’s Although our production facilities are Advanced Materials’ vision is shares globally, in their respective keeping up with the rapidly expanding leading naphtha-cracking facility in the already technologically advanced with Advanced “A high-tech materials company that categories. We are a major supplier to electric vehicle market in China, we are Yeosu National Industrial Complex. The large-scale production capacities, we’re Materials protects the values of humanity and global automakers including Hyundai, also exploring sales opportunities for www.yncc.co.kr facility was built in 1999 and is located on continuing to make improvements. www.hwam.co.kr the environment.” To achieve this vision, Kia, BMW, Daimler, Volkswagen, GM, Ford, battery cases in electric vehicles. the southern tip of the Korean Peninsula. We attribute our improvements and we’re developing an innovative line and Toyota. As a global supplier, we have Expertise represents a fifty-fifty growth each year to loyal customers, of products and technologies that are manufacturing factories in Alabama and We offer products built with in-house joint venture between Hanwha and the use of a sophisticated management Petrochemical Expertise more environmentally conscious while Virginia in the US, Beijing, Shanghai, and technologies we’ve been refining for sheet Daelim, two South Korean conglomerates system, and sound financial structure. feedstock production Automotive materials, catering to the needs of our customers Chongqing in China, the Czech Republic manufacturing for the last 30 years. that own naphtha-cracking facilities. The Additionally, our professional and highly electronics materials, around the world. We produce lightweight and Germany in Europe, and in Mexico In 2010, we succeeded in developing and facility annually produces 1.95 million skilled employees effectively combine solar materials composite materials and thermoformable where the largest number of cars are mass-producing EVA sheets and back 2017 Total Sales tons of ethylene, 1.11 million tons of industry expertise with cutting-edge components for automobiles, highly produced for North America. By relying on sheets used in photovoltaic modules. In USD millions propylene, and 5.50 million tons of various technology, truly making our workforce a We operate a plant for 7.5GW EVA sheets petrochemical base materials, including key differentiator. 2017 Total Sales efficient advanced film for solar energy, our 10 production sites around the world, In USD millions and high-performance coating films for we can anticipate the needs of global and 2.5GW back sheets in South Korea but benzene, toluene, xylene, styrene mobile phones and display. We have also automakers for parts standardization and we’re expanding the business to Europe, monomer, and butadiene. Supported by steady flow of investments, developed local production plants and global sourcing. America, and Southeast Asia. 4,789 product specialization, facility expansion, R&D centers in South Korea, the US, With fully automated and optimized and business focus, we’ve become 1,055 Europe, and China. Our global sales In 2015, we launched the Lightweight We are especially competitive in the 2017 Total Assets processes producing high-purity a leading Naphtha Cracking Center (NCC) continue to rise. Composite Materials R&D Center that high functional film market. Currently, In USD millions feedstocks, this state-of-the-art facility company in South Korea. And as we 2017 Total Assets will help our R&D to be more globally we produce electronic circuits such as gives Hanwha affiliates a competitive continue efforts to improve our In USD millions Since entering the automotive materials competitive and help us to lead the global coverlay film (insulation film), edge to produce high-quality downstream capabilities, it’s why we’ll become a world- business in 1986, we have launched trend toward lighter parts. Our research Flexible Copper Clad Laminate (FCCL), petrochemical products. class petrochemical company. a diverse portfolio of products for focuses on thermoplastic for automobiles, bonding sheet (adhesive sheet), and 2,395 automobile structures and interiors. We thermosetting composite materials, Electro-Magnetic (EMI) shielding film. 1,548 now leverage original technologies to and on designing and developing new Our flagship FCCL LinkTron is used as build high-strength, super-lightweight applications. We also develop new a key component material for precision materials and automotive parts. materials and manufacturing methods, electronic products such as smartphones Among the materials we produce are: offering improved functionality and and tablet PCs. We are now expanding StrongLite—Glass fiber Mat-reinforced innovative plastic hybrids that enable the into manufacturing circuit materials used Thermoplastic (GMT) and SuperLite- latest technologies in the market. We are in automotive electronics. Light—Weight Reinforced Thermoplastic actively tracking paradigm shifts in the (LWRT). automotive market, as represented
Hanwha Advanced Materials maintains As the world’s leading naptha-cracking the world’s largest market share for StrongLite facility, our plant produces (GMT) and SuperLite (LWRT)—materials ethylene, propylene, and other petrochemical proven to reduce the weight of automobiles. feedstocks. This state-of-the-art facility gives We are now expanding our operations and our Hanwha affiliates a competitive edge in production facilities globally to keep up with petrochemicals. the rapidly growing market for lightweight composite materials for auto parts.
88 89 Hanwha Hanwha Q CELLS is a total solar power For two consecutive years, By employing our cutting-edge Hanwha Established in 2007, Hanwha Energy in Ōita. We also constructed a 31.7MW In addition, we are expanding our energy solution provider with the world’s largest Hanwha Q CELLS has won the technology and economies of scale, is a comprehensive energy solutions plant in Turkey and a 202MW plant in system solutions with our smart energy Q CELLS cell production capacity. Our business Intersolar Award in the Photovoltaics from Hanwha Q CELLS has been able to Energy company. We operate cogeneration India, which both began commercial business model. In December 2017, we www.hanwha-qcells.com scope ranges from the midstream of Intersolar, the world’s leader in solar energy take advantage of the growing demand hec.hanwha.co.kr plants that provide a stable supply of productions in 2017. The solar power built a 19MWh solar energy connected to ingots, cells, and modules to downstream conferences and exhibitions. for solar power around the world. high-quality electricity and plants under construction in Japan are Energy Storage System (ESS) in solar solutions for residential, commercial In 2017, our Q.PEAK RSF L-G4.2 steel-frame We have been able to offer higher quality ultra-high-pressure steam to companies approximately 100MW, and we are Saemangeum, South Korea. We are using Expertise Expertise buildings, and solar power plants. module won in the Photovoltaic category. products at competitive prices. In 2014, in national industrial complexes in planning an expansion in the near future. ESS to take advantage of the discount Solar power solutions: ingots, cells, A year later, in June 2018, our Q.PEAK we entered the rooftop solar power Group energy, South Korea. By providing readily In the US, we signed a 1GW PPA through on the retail electricity rate and achieve modules, and systems Since our foray into the solar energy DUO-G5 solar module followed suit, equipment market in Japan and Europe solar energy, O&M, available power, our plants improve the our local subsidiary for several locations, peak savings at factories and buildings system solution business in 2010, Hanwha Group has winning in the same category and earning and the large-scale power plant markets in competitive advantage of our off-takers. including Texas and Nevada. Commercial in South Korea. Going forward, we plan 2017 Total Sales transformed Hanwha Q CELLS into high praise for its 120 half-cell, six-bus bar the US, Thailand, Chile, and Latin America. Our cutting-edge technology consistently operations are expected to begin soon. to implement our energy solutions for In USD millions the world’s leading producer of solar cells monocrystalline module that the Intersolar In the same year, we secured a series of 2017 Total Sales complies with South Korean government distributed energy sources, such as ESS and modules. Our current production jury panel called “the new standard for large solar projects across Europe—in In USD millions requirements for energy efficiency and To efficiently operate and systematically and microgrids in other countries, networks span across China, Malaysia, and residential and commercial rooftop.” the UK, France, and other countries. greenhouse gas emissions reduction. maintain solar power plants, we are including Japan, the US, and in Europe. South Korea. Bolstered by strong revenue Solar project contracts in Japan helped building an O&M business that uses our 2,189 and driven to stay ahead of the growing Hanwha Q CELLS is ranked among us achieve the top international market We are diversifying our energy business Hanwha Energy Integrated System worldwide demand, we’ve continued the best by installers, winning the Top share in 2016 and recognition as a key 397 as we promote overseas solar power (HEIS) as its base. Our O&M services help 2017 Total Assets to invest in R&D and manufacturing Brand PV Seal 2018 from EuPD Research worldwide player. In 2015, we partnered generation, O&M business, system to ensure stable profits for our customer’s In USD millions innovations. The Jincheon Plant in South for the fifth time in a row in Europe and for with US-based NextEra Energy to provide 2017 Total Assets solutions business, and more to help us assets through improved performance, Korea, built in 2016, can annually produce the third time in Australia. 1.5GW of modules, accelerating our In USD millions to build sustainable growth. In Japan, maximum productivity, and efficiency. more than 1GW of Q.ANTUM cells (the entry into one of the world’s largest solar we operate several solar power plants As a result, our O&M business has world’s most efficient cells). Our Q.ANTUM Our technology infrastructure enables markets. And by 2016, we earned the with a combined capacity of 50MW, become one of the main pillars of our 2,263 technology is based on PERC cell differentiated technology innovation. No. 1 market share in the US, South Korea, including a 24.5MW solar power plant renewable energy business. technology, providing monocrystalline Our base solar R&D work is done in Australia, and Turkey. 1,556 efficiency for multicrystalline module cells. Thalheim, Germany, but our R&D network Hanwha Q CELLS total sales The latest Q.ANTUM module, Q.PLUS, won is located in China, Malaysia, and South Hanwha Q CELLS is securing its global and total assets are based on Korea. Our R&D centers all receive leadership in the solar power industry 20-F (Nasdaq) standard. the Module Manufacturing Innovation award at the Solar Industry Awards 2015 in Hanwha’s continuous support and through long-term growth and expertise Hamburg, Germany. investments to develop solar technology, —this is part of our strategy to optimize including anti-PID, hot spot protection, for the needs and policies of worldwide and more. energy markets.
The outstanding quality control capabilities This state-of-the-art cogeneration plant of anti-PID, hot spot protection, and Tra.Q provides a stable supply of high-quality demonstrate how Hanwha Q CELLS’ global electricity and ultra-high-pressure steam to R&D can successfully leverage a variety of solar companies in the Yeosu and Gunsan national power technologies. industrial complexes in South Korea.
90 91 Hanwha Hanwha E&C has quickly grown into In 2014, we demonstrated our Hanwha City Hanwha City Development has Encouraged by these achievements, a global player by leveraging its extensive technological prowess by successfully been recognized as the leading private we’ve made further investments for the Engineering & experience in construction projects and building the world’s largest domed arena Development developer of high-tech industrial future, breaking ground on the Yongin Construction by implementing its new technologies in the Philippines, a bridgehead for our www.hcd21.co.kr complexes since its establishment in Techno Valley project in 2015. There is and long-term expertise across industrial, Southeast Asian market entry. We are also 2001. Starting with success in Daedeok high anticipation Yongin Techno Valley www.hwenc.com chemical, and power plants, civil building power and petrochemical plants Expertise Techno Valley, additional projects followed will be an industrial complex that will be engineering works, commercial buildings, in the Middle East and North Africa, and such as the Asan Techno Valley project home to many R&D centers, companies, Expertise and more. We have averaged an annual developing large-scale real estate projects Real estate development including (2,984,000m2, 300 enterprises, 8,000 and startups in IT, fusion technology, multifunctional industrial complexes General construction, growth rate of 30 percent since 2002, in North America. households), the Seosan Techno Valley and in other areas of technology. When residential complexes, and gained international recognition. project (1,994,000m2, 200 enterprises, completed in 2020, the industrial complex urban development, industrial plants, We’ve been recognized as a top global In South Korea, Hanwha E&C has been 2017 Total Sales 6,000 households), the Gimhae Techno is expected to play an important role as civil engineering, water treatment. contractor in Engineering News Record responsible for the nation’s largest urban In USD millions Valley project (1,643,000m2, 200 enterprises), the center of the industrial belt, south of and our works are often referred to as the development projects that have included and the Gyeonggi Hwaseong Bio Valley Seoul. “bible of the construction industry.” the construction of homes for more than project (1,745,000m2, 200 enterprises). 2017 Total Sales 70,000 households at 87 sites. We led Each completed project stood out as an We’re also building for the future of our In USD millions The Bismayah New City is a the industry by pioneering advances in 191 achievement and garnered high praise. local economies. The Siheung Recycling USD 10.1 billion project, the largest urban large-scale site construction, including The projects are considered exemplary Industrial Complex will help revitalize the development in Iraq’s modern history. Daedeok Techno Valley, South Korea’s first 2017 Total Assets development models and not surprisingly, local economy by improving industrial 2,942 It is also Hanwha E&C’s flagship development project and effort to build In USD millions they have been benchmarked by several environments, attracting businesses, and project. Bismayah city will be the world's an entire city. local governments. creating local jobs. largest new urban construction that 2017 Total Assets We also developed the nation’s first In USD millions includes infrastructure facilities for 100,000 households and 300 schools. advanced membrane filtration water 288 The Bismayah New City is the first treatment technology and sewage water overseas project of its kind by a South treatment technology. By providing future Figures above represent total sales and assets Korean company and is expected to be technology that is also eco-friendly, we 5,434 of five subsidiaries. lauded as a key project in global new city are raising the bar for value that can be development. derived in building projects.
Hanwha E&C’s business reputation is Our Gyeonggi Hwaseong Bio Valley industrial recognized globally. Our reputation for complex will provide an optimal business reliability and dependability has allowed us to environment for cutting-edge tech companies. secure a series of contracts to construct large-scale petrochemical plants in the Middle East and North Africa.
92 93 Hanwha Established in 1946, Hanwha Life is a aligning our offerings to their life stages. building a foundation to lead in Fintech, leading life insurance company that is both Using Big Data to capture and analyze in the future. We are participating in Life the first and the oldest in South Korea. Early customer needs, behaviors, interests, and the Internet-only K-Bank and launching www.hanwhalife.com on, we played a critical role in developing patterns, we’ve learned and systematically DreamPlus 63 Gangnam branch, the largest the insurance industry and the country’s applied this knowledge to better customize Fintech nurturing center in South Korea. economic growth. and satisfy our customers. And to this end, Expertise we’ve improved call centers, training our In the international market, we lead the Life insurance, mortgage and personal In 2017, we expanded but made sure to stay customer service professionals to be readily industry. Our Vietnam subsidiary was founded loans, trust, fund, retirement pension structurally sound. We reported total assets of available and deliver better customer care. in 2008, the first of its kind by a company from USD 102.96 billion. At the end of 2017, South Korea. With an effective localization 2017 Total Sales we achieved a 206.4 percent risk-based capital Certificates and awards from government strategy and a strong nationwide sales In USD millions (RBC) ratio, demonstrating the soundness organizations and customer satisfaction network, we turned a profit in 2016, a first for a of our asset quality. Our strong credit ratings survey firms have recognized these efforts. South Korean insurer. Our Chinese subsidiary, from both domestic agencies and abroad We won the Grand Prize at the Korea Service Sino-Korea Life Insurance, entered new attest to our creditworthiness. We have Awards from the Korea Standards Association markets in Shanghai and Jiangsu Province, 15,113 received sterling AAA credit ratings from in the life insurance sector for eight quickly rising to become the largest foreign- South Korea’s top rating agencies for the past consecutive years through 2017. We were also invested insurance company in Zhejiang 2017 Total Assets eleven years. From abroad, we received global inducted into the Hall of Fame. Quality Index Province. In USD millions credit ratings of A1 from Moody's and A+ survey, managed by Korea Management from Pitch international credit rating agencies. Asset Consulting, ranked us at the top for In Indonesia, our subsidiary is working to build eight straight years for customer service and a balanced profit structure with a long-term Hanwha Life leads the industry with seven for our call centers. perspective based on a value-focused Finance 102,962 innovative products and we’re committed to Since our first certification in 2007, the strategy. In executing our strategy in the adding new services that meet a wide range Korea Fair Trade Commission has awarded second phase, we expect to increase our of customer needs, including retirement Hanwha Life with six consecutive global market share in Asian countries like and health insurance. Since we introduced Certifications for Excellence in Consumer- Cambodia and Myanmar. our exclusive license system—the insurance Centered Management (CCM) and our tenth industry’s equivalent of a patent—we have anniversary certificate of merit. In 2018, Hanwha Life continues to secure gained 15 exclusive sales rights for our original profitable structures that support value-based Hanwha Life insurance policies, an industry high. To increase sales and profitability, we are sales and advanced asset management. Hanwha General Insurance focusing on value-based sales, improving We plan to expand our global business and Hanwha Investment & Securities We also innovate to improve our interactions product features, and expanding protection- secure growth engines in Fintech and Big Hanwha Asset Management with our customers and their overall type and variable insurance sales. We are Data. We push for innovation and with each Hanwha Savings Bank experiences before, during, and after the also diversifying investment assets and success, we’re inspired to continue the drive purchase of our products and services. risk management to aggressively and and to operate as a world-class life insurance
It begins with customer-centric marketing preemptively respond to changes in the company. and selling with the customers in mind—by financial market. One such investment is in
Hanwha Life, which leads the life insurance industry in South Korea, launched Onsure, the first online life insurance sales channel in South Korea. Onsure serves as yet another channel through which we will expand our life insurance business.
94 95 Hanwha General Established in 1946, Hanwha General Our efforts to improve customer service Hanwha Established in 1962, Hanwha Investment respond to the rapidly changing digital Insurance is the first South Korean have been recognized with the top three & Securities provides comprehensive financial environment, we developed Insurance insurance company funded solely by service quality awards by the South Investment & asset management services, including unique ways to ensure simpler and more www.hwgeneralins.com domestic capital. Throughout history, Korean government organizations: Securities brokerage and acquisition of stocks, bonds, convenient investment experiences for we’ve played a pivotal role in developing CCM certificate, Call Center Service KS and derivatives, as well as sales and our client. Our easy-to-use application www.hanwhawm.com South Korea’s general insurance industry. Certificate, and the Certificate of Excellent asset management services for various STEPS displays essential information that Expertise Today, we’re a major insurer with total Service Quality. financial products.W ith our differentiated is beneficial to starting and experienced Long-term insurance, assets of nearly USD 14 billion. We use Expertise systems and high-quality talent, we have or inexperienced investors. We have automobile insurance, advanced services to enhance customer Our company is on an upward trajectory, Securities brokerage and underwriting, successfully established ourselves as a improved even the intuitive features of general insurance, mortgages, value and offer a comprehensive product building a risk-based management asset management reliable asset management partner. Our our mobile trading system and continue personal loans portfolio ranging from long-term structure, improving long-term insurance financial products and customer-oriented to upgrade others based on customer insurance to auto and general insurance. loss ratio, advancing the compensation services are offered domestically and feedback. 2017 Total Sales We created a Consumer Protection charter, process, and increasing high yield, higher overseas. 2017 Total Sales In USD millions In USD millions improved service quality and minimized value-added contracts. We are posting Hanwha Investment & Securities customer inconvenience to provide an healthy financial growth by seeking In the ever-changing capital market, we’re continues to develop its digital financial overall superior customer experience. diverse, stable overseas and alternative grounded by our company policy to listen platform so it can provide differentiated We also expanded the scope of what our investments. 1,498 to our employees, our customers, and products and services that can respond 6,125 call center agents could do to ensure a to continuously encourage innovations to digital transformations and trends. Our one-call, one-stop system. In addition, As a result, we have been recognized for within the organization. We differentiate business motto is “To grow together,” with 2017 Total Assets 2017 Total Assets we were the first South Korean insurer to financial stability and growth potential, In USD millions our services by putting customers first and our clients, shareholders, and employees In USD millions introduce an electronic signature system, earning an A- and an AA- credit rating in building customer trust. with sustainable products that yield making it easier for customers to complete South Korea, based on insurer financial sustainable profits. As a trusted and transactions from their mobile devices. We strength from A.M. Best, the international We have established a stable and financially stable company with expertise have even introduced a mobile application insurance industry rating organization. 6,012 diversified profit structure with our in a range of industries, we are confident 13,892 called Smart Insu, catering to the ways and business portfolios in investment banking, we can build a happier future for our needs of our customer. More than 100,000 trading, wealth management, and customers. customers have installed the app. institutional investors. To be able to readily
Hanwha General Insurance has a The foundation of our principles is our diversified investment portfolio and is also customer satisfaction, protecting investments a major insurer with total assets of and growth. At Hanwha Investment & USD 14 billion. Securities, we’re committed to responsible management and service innovations to ensure we can serve as a reliable financial partner.
96 97 Hanwha Asset Founded in 1988, Hanwha Asset news media, the Grand Prize in global Hanwha Founded in 1997, Hanwha Savings Bank Management has grown into a funds at the 2017 Herald Fund Awards by joined Hanwha Group in 2008 and Management comprehensive asset management Korea Herald news media, Savings Bank has since grown into one of the most www.hanwhafund.com company offering a full range of financial the Grand Prize in global funds at the www.hanwhasbank.com stable savings banks in the industry. instruments, including stocks, bonds, 2017 Korea Securities Awards by Even in unfavorable business climates, MMFs, fund of funds, social overhead Seoul Economic Daily news media, we’ve been able to safely pursue external Expertise Expertise capital, derivatives, real estate, ETFs, and Top Financial Product in the First Half in growth with our experienced sales teams Asset management PEFs in both domestic and overseas 2017 by South Korea’s Economic Review Deposits, commercial and personal loans and a highly disciplined management capital markets. At the end of 2017, we magazine, and the Grand Prize in South team. We also found success extending 2017 Total Sales were among South Korea’s top three Korean bond funds at the 2017 Asia 2017 Total Sales the fundamental roles of microfinance In USD millions asset management companies with USD Fund Awards for Hanwha Short-Term In USD millions institutions and supporting small and 82.17 billion in assets under management Government and Corporate Bond Funds. medium-sized companies with great (AUM). We have top-tier expertise and potential. well-organized systems in all areas, Hanwha Asset Management is 90 including product development, research, accelerating its strategic overseas 38 Today we are a sound savings bank compliance, and risk management. All expansion to become a leading asset whose continued growth is backed by 2017 Total Assets our products and services cater to the management company in Asia. Our 2017 Total Assets the confidence of our customers.W e In USD millions needs of our customers because we Singapore subsidiary manages equity and In USD millions constantly strive to benefit both our apply our principles and management alternative investments in the pan-Asian clients and the society by developing philosophy to placing our customers first market. We acquired a New York-based products that serve their interests. Our before anything else. subsidiary to handle our assets in the risk management system enables us to 195 US and other countries. We have also 638 perform faithfully by providing individual Hanwha’s expertise and industry- established a Chinese subsidiary as and business clients with top-quality leading innovations have been a wholly foreign-owned enterprise financial products and services. recognized with numerous industry (WFOE) so we can better execute our awards in South Korea, including the global strategy and expand our business Grand Prize in global funds at the 2017 footprint overseas. Korea Fund Awards by Money Today
Hanwha Asset Management is widely Hanwha Savings Bank is a stable financial recognized for its innovative solutions and a institution that has earned its customers’ disciplined approach to asset management. trust over the years with its top-quality sales With them, Hanwha Asset Management’s teams, financial products, and disciplined mid- and long-term plan is to become the best management. asset management company in Asia.
98 99 Hanwha Hanwha Hotels & Resorts began We’ve applied our expertise and and Best City Hotel. operations in 1979 as the developer of technologies developed from the Sea Connoisseurs can experience THE Hotels & Resorts South Korea’s first resort condominium World, the first aquarium in South Korea. PLAZA’s seven outstanding cuisines in www.hwrc.co.kr project. It joined Hanwha in 1986. With We built the breathtaking Aquarium the landmark Building, along with a resort, hotel, and food service businesses, Belt, South Korea’s largest network of panoramic view of Seoul. Food is prepared we are rapidly becoming South Korea’s aquariums across four cities: Jeju, Yeosu, with fresh seasonal ingredients by top Expertise premier leisure and food service provider. Ilsan, and Seoul. And in partnership with award-winning chefs. Resorts, hotels, leisure, food services Geoje city government, we are creating Our Resorts Division owns South Korea’s a new tourist destination, Hanwha Hanwha Hotel & Resorts’ Food 2017 Total Sales largest condominium chain including Resort Geoje Belvedere. The marine resort, Culture Division provides comprehensive In USD millions the Ocean Palace Golf Club & Resort with 470 rooms and a private marina, is services, including food service contracts, in Nagasaki, Japan, which boasts over expected to be completed in 2018. dining business services, and food material 4,800 guest rooms across 12 properties. supplies. The Food Culture Division uses a In Japan and South Korea, we own and Our Hotel Division has developed THE unique operations system and has more 964 operate premier golf courses totaling PLAZA into a world-class 410-room luxury than 30 years of service experience in 126 holes. Our partners include Resort boutique hotel. Located in the heart catering and professional services. Our 2017 Total Assets Condominiums International (RCI), a of Seoul, THE PLAZA offers impeccable Food Culture Division also runs concept In USD millions worldwide membership network; Private service and experience accented by restaurants, including the Chinese Bistro Label, which provides benefits for hotels its unique interior design. In 2016, the T-won and the Oreno, which features both and resorts in Southeast Asia; and the hotel became the first in South Korea to French and Italian cuisines. Our dining Golden Horse Hotel and Mines Wellness join the Autograph Collection, a luxury business unit features commissioned 2,207 Hotel in Malaysia. portfolio owned by Marriott International. services in multiuse complex facilities, Services & Leisure Our exceptional customer service and as well as an elegant wedding and We also operate Seorak Waterpia, Pororo upscale accommodations have been banquet services. And with a food Aqua Village in Gyeongju, Jeju Therapy recognized by the hotel industry. THE analysis lab certified by the Food Sanitary Center, Royal Saddle Equestrian Society, PLAZA was selected as one of the Top 25 Inspection Institution, a rigorous sanitation and Jade Garden in Chuncheon—all Hotels for Luxury and Best Service by the management system, and a state-of-the- renowned attractions and the envy of 2017 TripAdvisor Travelers’ Choice Awards. art distribution system, we are an industry other companies in the industry. It also ranked No. 3 among Best Luxury leader in food material supply. Hanwha Hotels & Resorts In addition, we operate Square on Hotels in South Korea by Global Traveler, a Hanwha Galleria the Han River, which offers high-quality worldwide business travel magazine. Hanwha Galleria Timeworld services and attractions, including Art The International Hotel Awards selected Hanwha 63 City and an elaborate aquarium. THE PLAZA as its 2017 Best Large Hotel Hanwha Station Development
Seorak Sorano combines the beautiful natural scenery of the East Sea with the high peaks of Mount Seorak, where guests can appreciate a soothing and relaxing experience. Guests can also enjoy leisure facilities such as Seorak Waterpia, Seorak Cinerama, Film Lot, and Plaza CC Seorak.
100 101 Hanwha Founding in 1976 in South Korea, that is sure to satisfy every discerning We’ve already begun by enhancing Hanwha Hanwha Galleria Timeworld, destinations to become major destination Hanwha Galleria has specialized taste. Individually, each department store our merchandising with better lifestyle a subsidiary of Hanwha Galleria, points that serve the nation's desire for Galleria in retail services with great focus on offers its own differentiated experiences products and offering more services Galleria primarily oversees department stores in luxurious experiences for the discerning www.hanwhagalleria.co.kr department stores. We operate other tailored to the needs of local customers dedicated to VIP customers. Timeworld the city of Daejeon and duty-free shops taste. We do this with exceptional retail businesses including online malls, segments. Each store also maintains Our department store division is stocking in Seoul. customer service and customer-segmented www.hanwhagalleria.co.kr global brand direct sourcing, and the a solid No. 1 position among department the best high-end brands, Galleria-only marketing practices. Expertise retail of exclusive brands. stores in the region. brands and making them available in Hanwha Timeworld is itself also the Retail, fashion exclusive stores and environments our Expertise largest high-end department store in Galleria Duty Free is located inside Currently, we have five stores In 2020, we will open our 6th Galleria customers have come to expect. Retail, fashion, duty-free shops central South Korea. It is located in the the Building in Yeouido, a key area for 2017 Total Sales (including the store of Hanwha department store in Gwanggyo, Suwon, And going forward, we’ll look more to metropolitan area of Daejeon city, where both business and tourists located in the Galleria Timeworld, a subsidiary of as part of our department store business sustainable business models for the public institutions, financial companies, southwest region of Seoul. Since opening In USD millions 2017 Total Sales Hanwha Galleria) across Korea in expansion to meet growing demands. rapidly changing landscape. and large apartment complexes are of the store in December 2015, we have In USD millions major cities of Seoul, Suwon, Cheonan, By relying on our rich experience concentrated. Hanwha Galleria carried customers’ favorite brands such Daejeon, and Jinju. Our Galleria Luxury and capabilities in operating luxury Our goal is to deliver the highest-quality Timeworld specializes in luxury fashion as Gucci, Yves Saint Laurent, Stefano Ricci, 328 Hall in Seoul is South Korea’s preeminent department stores, the Gwanggyo service in the industry. Going digital brands from around the world and it was and Chanel. department store, featuring the world’s store will attract customers by featuring is one path we’re taking; the other is 292 the first of its kind in the region to feature 2017 Total Assets leading luxury brands. The Luxury Hall favorite brands and enhanced convenient continuing our investment in our current brands such as Louis Vuitton, Gucci, and Galleria Duty Free is conveniently East offers high-end luxury brands with services. As a growth engine for business with renovations and new store Prada. We’ve cemented our status as the located next to a variety of tourist In USD millions 2017 Total Assets unique values while the other side of the Hanwha Galleria, the Gwanggyo store openings. This way, as we pursue our premier high-end shopping destination in attractions including Aqua Planet and In USD millions building, the Luxury Hall West, showcases is slated to become the flagship landmark vision, we’ll continue our constant growth Daejeon, one of the largest cities in South Art. And because they’re all located global fashion trends, fine dining, and in Gyeonggi-do, along with a convention streak. Korea. within the Building, customers are 1,723 premium services. center, hotel, and multiuse building in the treated to a combination of wonderful luxury complex. 457 We’ve subdivided an expansive area entertainment and exclusive shopping Together, the Galleria department stores for home living & décor shopping, experience. By attracting tourists and offer an unparalleled suite of upscale Our vision is to be the No. 1 premium experiencing culture, entertainment, and a diverse customer groups seeking shopping experiences. They carry content producer. To this end, maze of International gourmet restaurants everything from restaurants to aqua parks distinctive brands and follow local fashion Hanwha Galleria will offer unparalleled to satisfy the interests and tastes of anyone in one location, we have become Seoul’s trends while also offering a food culture values that no other retailer can provide. young and old. We’re moving beyond local
Galleria Luxury Hall’s luxury brands, global Located inside the Building, a landmark of fashion trends, fine dining, and premium Seoul city and located alongside the Han River, services are all part of our vision to create Galleria Duty Free has transformed the the next-generation of luxury malls that experience for both travel and high-end luxury cater to the upscale and refined shopping shopping. experience.
102 103 Hanwha Hanwha 63 City was founded in 1986 Hanwha 63 City has partnered with Hanwha Hanwha Station Development is as a real estate service firm, providing Hanwha Estate—a spinoff of the our nation’s premier developer and 63 City a comprehensive set of services designed Hanwha Group. Hanwha 63 City Station manager of railway stations. Since its www.63realty.co.kr to increase the value of client assets. is offering renewable energy and Development founding in 1987, we have pioneered construction/security solutions that retail and leisure culture by combining www.hwsd.co.kr We have developed expertise we built leverage its expertise in renewable commercial complexes with private Expertise over the years from managing energy and integrated security systems. stations. We developed building Comprehensive skyscrapers and providing property Expertise complexes in the centrally located Seoul real estate service management services that maximize Hanwha 63 City has also taken Commercial development, Station and the Cheongnyangni Station real estate values. Our leasing services advantage of its nationwide network and property management —logistics hubs in the northeastern part use a scientific database and we provide solid business portfolio to steadily of Seoul. By leveraging our expertise 2017 Total Sales focused-investment advising that increase its stake in real estate management. and capabilities in business assessment, In USD millions 2017 Total Sales helps our clients make better decisions Hanwha 63 City will continue to concept development, project In USD millions on their properties. Managing the partner with Hanwha Estate to financing, lease marketing, construction landmark Building has sharpened innovate and assist customers as South management, and facility operation, 206 our skills in property management and Korea’s No. 1 experts in comprehensive we are fast becoming an industry-leading deepened our expertise in electrical real estate services. 56 developer and manager of commercial 2017 Total Assets facilities, machinery, equipment, disaster complexes. prevention, firefighting, communications In USD millions 2017 Total Assets facilities, building maintenance, and In USD millions security. Our comprehensive technical services include completed construction 76 site inspections, safety audits, functional checks of firefighting facilities, and interior 388 design.
Hanwha 63 City is increasing the value Located in the northeastern part of Seoul, of client real estate asset management by Cheongnyangni Station is a nine-story complex offering its own comprehensive management with more than 177,793 square meters of service. Hanwha 63 City offers services in space, including three underground levels. security, energy, machinery equipment, and With a department store, an outlet mall, a the firefighting expertise gained from years of theater, and restaurants, it is driving economic building and managing skyscrapers. growth for the community around it.
104 105 Corporate Social Responsibility As a world-class solar energy business, our mission is to achieve sustainable growth; our At Hanwha, we’re committed not only to our customers and employees but also to the SOCIAL guide is our social responsibility. This is why we’re educating children through eco-friendly Social people who live in the communities where we do business. Giving back is part of culture and RESPONSIBILITY programs, and people to join the energy revolution through activities that counteract climate Responsibility we do this through professional organizations and financial support.W e engage in activities change and help the environment. From installing entire solar power generation systems to that help keep dreams alive and enthusiasms going. And by combining our professional - Eco-Friendly Solar Energy make communities energy self-sufficient to building solar forests to fight deforestations, we’re - Culture, Arts and Sports talents with our desire to do good, we’re turning ideas into practical solutions to improve lives not only using solar energy, we’re making a difference. and the world we live.
Grand Prize Winner at the 2016 Seoul International Fireworks Festival photo contest.
Hanwha solar modules donated to the Seoul International Fireworks Festival World Economic Forum Congress Center in Davos Since 2000, Hanwha has annually held the Seoul International Fireworks Festival to put on Having installed a total of 640 solar modules on a 1,000-square-meter roof on the World spectacular fireworks shows with themes around optimism and dreams.
Economic Forum Congress Center, we will be able to reduce 20 tons of CO2 emissions per year.
• Happy Sunshine Campaign Happy Sunshine Campaign Hanwha Solar Forest Desertification (UNCCD) has praised it as a • Orchestra Festival with Hanwha Arts and Culture Seoul International Fireworks Festival Operating and Assisting Sports Teams • Hanwha Hope Project: Happy Hanwha is driving the use of sustainable Hanwha created the Hanwha Solar best practice, urging others to follow. • Hanwha Classic Hanwha supports a range of arts and and Time to Burn Campaign in South Korea Sunshine energy in communities with expertise Forest mobile game with Tree Planet, a • Hanwha Seoul International cultural events. Since 2000, we have Hanwha hosts the Seoul International Through sports, Hanwha has created • Hanwha Solar Forest gained from vertical integration of our UNCCD-certified game company.W hen Solar Panels Donated to Davos Fireworks Festival sponsored the Orchestra Festival, the Fireworks Festival with the world's leading positive energy and communicated • Solar modules donated to the World • Hanwha Time to Burn Campaign solar businesses. Our best-known program users plant virtual trees, we, in turn, plant The World Economic Forum, held annually largest event of its kind in South Korea. fireworks technology companies, lighting inspirational messages to sport fans Economic Forum in Davos • Hanwha Eagles is Happy Sunshine, a project where we real trees. Since 2011, the Hanwha Solar in Davos, Switzerland, addresses pressing • Team Hanwha Q CELLS Our annual Hanwha Pop and Classic up the sky over the Yeouido Hangang and followers. In 1986, we founded the donated solar power generation systems Forest campaign in collaboration with the issues facing the world, such as Journey has been held in cities across the River Park every autumn. Since its debut in Hanwha Eagles to help revitalize to welfare centers in South Korea. We also UN Convention to Combat Desertification environmental sustainability. Since 2013, country since 2004, and the Hanwha 2000, the festival has wowed over a million professional baseball as a national favorite operate Hanwha Hope Project, where has planted 490,000 trees across six we have donated photovoltaic modules Classic has performed classical music spectators, providing unforgettable pastime. We also established Team we donated solar power generation locations in South Korea, Mongolia, and to the City of Davos at the annual World since 2013. In recognition for popularizing memories for families and friends. With the Hanwha Q CELLS in 2011 to promote systems to elementary schools in China to combat desertification and raise Economic Forum. The solar modules classical music and promoting the Korean slogan of Sharing Hope through Fireworks, golf in South Korea and hosted the annual underserved areas in China. We continue awareness of climate change. Our three donated by Hanwha Q CELLS have culture and arts, Hanwha was awarded this has become a flagship cultural festival. Hanwha Classic, the nation’s top golf to run solar education programs for kids forests in China utilized seedlings grown a capacity of 340KW. This amount of the Grand Prize at the Mecenat Awards Hanwha Time to Burn Campaign tournament. in local communities. We’re spreading by solar energy facilities and donated energy is enough to reduce 20 tons of hosted by Korea Mecenat Association in supports people who cannot afford time
awareness, showing the need for eco- by Hanwha. Hanwha Solar Forest CO2 emissions per year. Our donation 2006 and 2011. In 2014, we received the for leisure. It is a unique campaign to help friendly energy, and teaching the principles is the first time solar energy was used demonstrates that the possibility of clean, Achievement Award at the SAC Awards by people achieve their inner dreams and of photovoltaic power generation. to prevent desertification. The United sustainable energy is a reality. Seoul Arts Center. passion for travel. It is recognized as an Nations Convention for the Prevention of extraordinary social contribution program.
108 109 SOCIAL Since the Hanwha Social Responsibility Center was founded in 2007 to commemorate ENVIRONMENTAL Hanwha supports a sustainable future by proactively responding to a changing global the company’s 55th anniversary, Hanwha has called upon each affiliate company to energy paradigm and by building a corporate culture that embraces environmental RESPONSIBILITY participate by sending volunteer teams for various social activities. We also make great AND SAFETY protection and safety. We are expanding new and renewable energy businesses efforts to nurture the talents of our future leaders. centered on solar energy. In response to climate change, we strive to reduce - Talent Development and RESPONSIBILITY environmental impact with low-carbon energy sources in all areas of our businesses. Employee Volunteers
Hanwha-KAIST Science Outreach Program, Convergence Science Camp Hanwha Q CELLS, the first solar energy solutions provider to receive the Hanwha partnered with KAIST to jointly host a science camp to nurture future scientists Product Carbon Footprint Certification (ISO 14067) Hanwha Q CELLS received the industry-first Product Carbon Footprint Certification (ISO 14067), solidifying our global status.
• Bugil Foundation Supporting Young Leaders of the Future to children. From 2009 to 2014, we have enterprise-wide program designed to • Reduced 50,000 TOE (Ton of Oil Protecting the Environment and Responding to Climate Change and Establishing a Culture of Safety • Hanwha Science Challenge Hanwha believes that fostering talents provided programs that offer classes in provide educational opportunities for low- Equivalent) in energy Addressing Climate Change Reducing Pollutants Hanwha works to gain community trust • Hanwha-KAIST Science will ultimately contribute to society. art, music, and dance to more than 2,000 income and physically challenged children. • Reduced USD 30 million worth of In 1991, through the ECO-2000 campaign, Hanwha is taking the lead in fostering by promoting safety and creating safe Outreach Program energy costs In 2011, we began sponsoring the children on welfare program. Since 2015, Since its launch in 2003, this innovative Hanwha became the first South Korean a low-carbon society. In 2014, Hanwha workplaces. It’s part of our corporate culture. • Hanwha Arts Plus • Reduced more than 170,000 tons Hanwha Science Challenge, a high school we have promoted South Korean traditional program has supported study rooms and company to implement environmental SolarOne (now Hanwha Q CELLS) was Along with regular safety leadership training • DreamPlus of GHG • Relay Volunteer Service on science competition aimed at discovering culture and arts education opportunities, special education classes for children of all • Reduced 1.19 million tons of water, management. We announced our the first solar energy solutions provider for executives, the Hanwha Eco-Institute, Foundation Day talent in science and nurturing potential including gayageum (a zither-like string abilities and challenges. We’ve also provided waste water and other wastes Environmental Safety and Health Policy to receive Product Carbon Footprint Hanwha headquarters, and individual Nobel Prize candidates. And as a way to instrument) and samulnori (a genre of art programs for disadvantaged children. • in 2000 and have since implemented Certification (ISO 14067), a new international facilities jointly adhere to a strict set of rules expand on this program, we established percussion music). In 2014, we began received ISRS 8 grade sustainable management practices for standard at the time, reinforcing our and safety policies. This system monitors the prestigious private school, operating DreamPlus, a program to discover We support experiential educational environment, safety, health, energy, and commitment to helping the environment. the safety status of every plant and raises the Bugil Foundation, to develop students and support promising startups. We are activities in every industry. We help those greenhouse gases. We also created a master We are reducing greenhouse gas emissions the safety awareness of every employee. who could one day become scientists. making dreams come true for future leaders who are neglected and those whose plan to set performance index targets for and waste by organizing and putting We also actively work to prevent accidents Since 2016, we have also hosted by helping them to finance, create, and grow environments have been compromised. 2020 for environmental performance and a task force to work. Worldwide, we are by employing management practices and Hanwha-KAIST Science Outreach Program, startups. Every October, as part of celebrating safety. The plan included the reduction building facilities to reduce energy use and industry leading indicators for occupational a science education program for middle Hanwha’s founding, all affiliates participate of greenhouse gases, increasing energy waste generation. Last year, we reduced safety. school students in the Daejeon area. Caring Employee Volunteers in volunteer services for the disadvantaged. productivity, and improving LTIR (Loss Time greenhouse gas emissions by 170,000 tons, Hanwha Arts Plus supports artistic skills Hanwha actively engages in social Our work for people in need reminds us and Injury Rates). an amount equivalent to the greenhouse and creativity in youth. Our employees contributions with the help of its employees. keeps us committed to our philosophy to do gas reduction of 34 million pine trees. provide various cultural and arts education One of our flagship programs is an good for all and for always.
110 111 Hanwha believes our partners are also part of our family. For small and medium-sized Hanwha pursues a future-oriented organizational culture that continuously innovates WINNING business partners, we help create self-reliant environments and encourage good HUMAN while overcoming challenges. To this end, we recruit talented people from all over the world PARTNERSHIPS management over them. We support our partners to build a foundation for growth and RESOURCES and sponsor programs that help employees grow into global talents. Young Hanwha is a independence. program that fosters this effort, helping us to move forward and build on the passion that is part of our foundation.
Building an eco-friendly energy self-sufficient project on Growing Hanwha with global talent South Korea’s Jukdo Island Together, Hanwha’s worldwide talent is building Young Hanwha. In collaboration with Chungcheongnam-do, Hanwha transformed Jukdo Island to become energy self-sufficient.
• Agreements on fair trade and Commitment to Mutual Growth Building Winning Partnerships Invigorating the Regional Economy • Global talent program Sharing Values program, we send associate and junior Promoting Work-Life Balance mutual growth Since 2009, Hanwha has fostered Leveraging our spirit of “trust and loyalty,” Hanwha helps suppliers in rural areas • Overseas training programs Hanwha strives to hire creative managers all over the world to become Hanwha’s company-wide work-life • Co-prosperity fund collaborative partnerships with over 1,500 Hanwha stays connected with our to sell their products at our department • Programs for core talent individuals who are driven to innovate. local experts by experiencing the balance policies are designed to improve • Private equity fund for mutual small and medium-sized enterprises. suppliers. We work frequently with partner stores and duty-free shops. For example, • Work-life balance policies We seek people who pursue excellence business and culture of those countries. employees' quality of life. Our efforts growth • One-month sabbaticals We’ve helped them grow their businesses companies and have put into practice when we find hidden high-value-added and will be loyal to our customers, We also operate a special program to have received broad recognition. We’re • Ongoing meetings with partner • Flexible work shifts and an end to companies by strengthening their core competencies, our belief in “Going Further Together” by agro-fishery products that at the same overtime colleagues, and company values. We seek select and develop executive talent to listed as one of South Korea's ’s 100 best • Energy self-sufficiency project on supporting their financial needs, and engaging in joint businesses, exchanging time increase the local economy, we • Job market people who work hard to achieve their lead Hanwha’s future and growth. places to work, and as a family-friendly South Korea’s Jukdo Island guiding them to engage in fair trade technology, sharing information, and stock them in our retail stores. Also, using goals and understand the importance of We recruit talent and potential CEO and gender-equality driven company. practices. In 2011, we promoted mutual providing exemptions from performance our micro-grid business, solar energy- supporting a greater cause. We develop candidates and sponsor their educations When we commemorated our 64th growth with our partners instead of guarantees. We are expanding industry- linked ESS (Energy Storage System) global talent with professionalism and by in the world’s best MBA, EMBA and anniversary in 2016, we announced the competing with them. Since then, we specific programs to help our partners technology, we transformed Jukdo Island providing a range of training programs Sloan Fellows Programs. We also provide Young Hanwha program and introduced have created an annual co-prosperity become more competitive as they expand in Chungcheongnam-do into an energy for specific jobs and positions. opportunities to earn masters or doctoral corporate culture initiatives like getting fund of USD 121 million and earmarked a their domestic and international sales self-sufficient island, reducing energy costs degrees in STEM (Science, Technology, a one-month sabbatical when promoted, private equity fund of USD 172 million for networks. We are also supporting their and helping tourism. Cultivating Global Leaders Engineering, and Math) and assign flexible work shifts, and support for career mutual growth. innovations, equipment purchasing, and Hanwha continues to invest in talent. graduates to work with our R&D staff. development. These initiatives are all assisting them in executing best practices Our global talent program nurtures contributing to the foundation that will for safety, process, environment, and employees with potential and interests in ultimately help Hanwha become quality control. global business. In our regional specialist a global top-tier company.
112 113 Global Americas Europe & Africa China Asia, Middle East & Oceania Network Brazil Hanwha Techwin (video surveillance system sales & marketing) Czech Republic Hanwha Advanced Materials Beijing Hanwha China (supporting Hanwha affiliates in China) Australia Hanwha Q CELLS (sales & marketing) Canada Hanwha Q CELLS (sales & marketing) (producing auto materials and parts) Beijing Hanwha Advanced Materials India Hanwha International (trading) Canada Hanwha Canada Development France Hanwha Q CELLS (sales & marketing) (producing auto materials and parts) India Hanwha Chemical (sales) (solar business management) Germany Hanwha Europe (trading) Chongqing Hanwha Advanced Materials (producing auto parts) India Hanwha Q CELLS (sales & marketing) Chile Hanwha Q CELLS (downstream solar) Germany Hanwha TechM (machine tools sales) Dongguan Hanwha Engineering Plastic Indonesia Hanwha Life (life insurance) Mexico Hanwha Advanced Materials (producing auto parts) Hanwha Petrochemical (sales) (producing polypropylene) Japan Hanwha Q CELLS (sales & marketing) USA Hanwha International (trading) Germany Hanwha Advanced Materials (producing auto parts) Hangzhou Sino-Korea Life (life insurance) Japan Acropark Golf (golf club and resort operation) USA Eagle Petroleum (oilfield development) Germany Hanwha Q CELLS GmbH (R&D, sales & marketing) Hong Kong Hanwha Corporation (trading) Malaysia Hanwha Chemical (sales & marketing) USA Hanwha TechM (powertrain assembly) Germany Hanwha Q CELLS Berlin (EPC) Lianyungang Hanwha Q CELLS Technology (producing PV ingots) Malaysia Hanwha Q CELLS (producing solar cells, modules and R&D) USA Universal Bearings (producing bearings) Italy Hanwha Power Systems (energy equipment sales & marketing) Ningbo Hanwha Chemical (producing PVC) Saudi Arabia Hanwha Saudi Contracting (operation support) USA Hanwha Machinery America (machine tool sales) Italy Hanwha Q CELLS (sales & marketing) Qidong Hanwha Q CELLS (producing solar cells, modules, R&D) UAE Hanwha Techwin (video surveillance system sales & marketing) USA Hanwha Techwin (video surveillance system sales & marketing) Russia Hanwha Power Systems (energy equipment sales) Shanghai Hanwha International (trading) UAE Hanwha Power Systems (energy equipment sales & services) USA Hanwha Power Systems (energy equipment sales and R&D) Turkey Hanwha Q CELLS (sales & marketing, downstream solar) Shanghai Hanwha Power Systems Vietnam Hanwha Techwin (producing video surveillance system) USA Hanwha Azdel (producing auto materials) UK Hanwha Techwin (video surveillance system sales & marketing) (energy equipment sales & marketing) Vietnam Hanwha Life (life insurance) USA Hanwha Advanced Materials UK Hanwha Q CELLS (sales & marketing) Shanghai Hanwha Chemical (trading) (producing auto materials and parts) Shanghai Hanwha Petrochemical Trading USA Hanwha America Development (real estate development) (polyethylene and polypropylene sales) USA Hanwha Q CELLS (sales & marketing) Shanghai Hanwha Advanced Materials USA 174 Power Global Corporation (sales & marketing) (producing auto materials and parts) USA Hanwha Life Investment (investment) Shanghai Hanwha Q CELLS (sales) Suzhou Hanwha TechM (machine tools and powertrain assembly) Tianjin Hanwha Techwin (producing video surveillance system and sales)
• Bakersfield • Monterrey • Aix-en-Provence • Moscow • Cyberjaya • Beijing • Seoul • Bremen • Santiago • Athens • Stuttgart • Ho Chi Minh • Chongqing • Nagasaki • Cerritos • São Paulo • Warsaw • Jakarta •Chongqing Dongguan • Tokyo • Chicago • Berlin • Kuala Lumpur •G Guangzhouuangzhou We have maintained trusted partnerships • Forest • Bitterfeld-Wolfen • Al Khobar • Manila •D Hangzhouongguan • Perth that have lasted more than 60 years. • Franklin • Bolzano • Almaty • Muara Teweh •Shenzhen Hong Kong • Sydney Together, we have collaborated, • Hawaii • Budapest • Baghdad • Mumbai •Beijing Lianyungang invested, and built across markets in • Irvine • Chertsey • Bismayah City • New Delhi •T ianjinNingbo almost every continent. Together, we Lianyungang have grown. Hanwha has 70 affiliates • Monroe • Dietfurt • Doha • Samut Prakan • Quidong in South Korea alone and 325 networks • New York • Eschborn • Dubai • Singapore •Hangzhou Shanghai around the world (as of end of 2017). • Opelika • Frýdek-Místek • Kuwait City • Taipei •Suzhou Shenzhen And as we continue improving quality • Pontiac • Istanbul • Modi'in- • Tehran •N Tingboianjin and innovating to exceed customer • Saipan • London Maccabim-Re'ut • Yangon • Zhangjiagang expectations, Hanwha will continue Shanghai to grow beyond today’s interconnected • Shelby • Bangkok global business environment. • Teaneck • Johannesburg Qidong This is the Hanwha Group. • London • Nairobi • Vancouver 114 115 KOREA Hanwha General Chemical FINANCE SERVICES & LEISURE CHINA Hanwha Techwin (Tianjin) Hanwha Petrochemical Hanwha Q CELLS Co., Ltd. Co., Ltd. Trading (Beijing) (Shanghai) Co., Ltd. MANUFACTURING & hgc.hanwha.com Hanwha Life Insurance Hanwha Hotels & Hanwha China No. 11 Weiliu Road, Micro- RM 812, Taikang Financial Tower RM 207-210, Techwork, No. 2889 CONSTRUCTION 71, Sapyeong-ro Co., Ltd. Resorts Co., Ltd. 27F Taikang Finacial Tower electronic Industrial Park, Jingang 38# Yard East 3rd ring North Road Jinke Road, Pudong New Area Nam-gu, Ulsan, Korea www.hanwhalife.com www.hwrc.co.kr No.38 Yard East 3rd Ring North Road, Tianjin 300385, China Chaoyang, Beijing 100026, China Shanghai, 201206, China Hanwha Corp. Tel 82.52.278.6000 50, 63-ro 50, 63-ro Road Chaoyang District, Beijing Tel 86.22.2388.7788 (8700) Tel 86.10.8587.9660 Tel 86.21.6858.7519 www.hanwhacorp.co.kr Fax 82.52.278.6340 Yeongdeungpo-gu, Seoul Yeongdeungpo-gu, Seoul 100026, China Fax 86.22.2388.7788 (8505) Fax 86.10.8587.9600 Fax 86.21.6858.7520 86, Cheonggyecheon-ro Korea Korea Tel 86.10.6583.7777 Jung-gu, Seoul, Korea Hanwha Petrochemical Tel 82.2.789.6114 Tel 82.1588.2299 Fax 86.10.6517.7919 Hanwha Power Systems Hanwha Petrochemical Hanwha Q CELLS Tel 82.2.729.1881 Co., Ltd. Fax 82.2.784.7217 Fax 82.2.789.5484 (Shanghai) Co., Ltd. Trading (Shanghai) (Qidong) Co., Ltd. Fax 82.2.752.3475 www.hanwha-total.com Hanwha (H.K.) Co., Ltd. 200233 20/F, New Caohejing Room 1701, Tower A, Dawning 888 Linyang Road, Qidong 103, Dokgot 2-ro, Daesan-eup Hanwha General Insurance Hanwha Galleria Co., Ltd. Unit 2201, 22/F, Golden Centre International Business Center A Centre, No.500 HongBaoShi Road Jiangsu 226200, China Hanwha Aerospace Co., Ltd. Seosan, Korea Co., Ltd. www.hanwhagalleria.co.kr 188 Des Voeux Road Central No391, Guiping Road, Shanghai Changning District, Shanghai Tel 86.513.8360.6222 www.hanwhaaerospace.com Tel 82.41.660.6114 www.hwgeneralins.com 50, 63-ro Hong Kong China 201103, China Fax 86.513.8360.6376 1204, Changwon-daero, Fax 82.41.681.4812 56, Yeoui-daero Yeongdeungpo-gu, Seoul Tel 852. 2169.0617 Tel 86.21.5427.1155 Tel 86.21.3209.8060 Seongsan-gu, Changwon, Yeongdeungpo-gu, Seoul Korea Fax 852.2529.4678 Fax 86.21.5423.5122 Fax 86.21.3252.2286 Hanwha Q CELLS Korea Hanwha Advanced Korea Tel 82.2.410.7114 Technology Co., Ltd. Tel 82.55.269.2114 Materials Corp. Tel 82.1566.8000 Fax 82.2.414.0025 Hanwha International Hanwha Chemical Hanwha Petrochemical 66 Dapu Road Fax 82.55.260.2230 www.hwam.co.kr Fax 82.2.316.8443 (Shanghai) Co., Ltd. (Shanghai) Co., Ltd. Trading (Shenzhen) Lianyungang ECO & TECH. 79-20, Geumhoangol-gil Hanwha Galleria Timeworld 21F, New Caohejing International RM 2106, New Caohejing RM 2304, Excellence Development Zone, Lianyungang Hanwha Land Systems Bugang-myeon, Sejong Hanwha Investment & Co., Ltd. Business Center A, No. 391 Guiping International Business Center A Time Square Building Jiangsu 222069, China Co., Ltd. Korea Securities Co., Ltd. www.hanwhagalleria.co.kr Road, Shanghai, 200233, China No. 391, Guiping Road, Xuhui No. 4068 Yitian Road Tel 86.518.8115.1111 www.hanwhalandsystems.com Tel 82.44.279.8400 www.hanwhawm.com 211, Daedeok-daero Tel 86.21.5401.6089 District, Shanghai 200233, China Futian, Shenzhen 518048, China Fax 86.518.8115.1211 86, Cheonggyecheon-ro Fax 82.44.279.8809 56, Yeoui-daero Seo-gu, Daejeon, Korea Fax 86.21.3209.2312 Tel 86.21.6278.5556 Tel 86.755.2399.6516 Jung-gu, Seoul, Korea Yeongdeungpo-gu, Seoul Tel 82.42.480.5000 Fax 86.21.6278.8728 Fax 86.755.2399.6510 Sino-Korea Life Tel 82.2.729.5500 Korea Fax 82.42.480.5544 Hanwha (H.K.) Co., Ltd. Insurance Co., Ltd. Fax 82.2.729.5820 www.yncc.co.kr Tel 82.2.3772.7000 Shanghai Representative Office Hanwha Chemical Hanwha 24F, TowerA UDC Building 8F, Korea Chamber of Commerce & Fax 82.2.3772.7099 Hanwha 63 City Corp. 21F, New Caohejing International (Ningbo) Co., Ltd. Advanced Materials 8 Xin Ye Road, QianJiang CBD Hanwha Systems Co., Ltd. Industry Building www.63realty.co.kr Business Center A, No. 391 Guiping No. 55, Huandao North Road (Beijing) Co., Ltd. Hangzhou 310016, China www.hanwhasystems.com 39, Sejong-daero, Jung-gu Hanwha Asset Management 50, 63-ro Road, Shanghai, 200233, China Daxie Development Zone Zhongguancun Science Park Tel 86.571.8583.7888 86, Cheonggyecheon-ro Seoul, Korea Co., Ltd. Yeongdeungpo-gu, Seoul Tel : 86.21.5401.6089 Ningbo, Zhejiang 315812, China (East Sector), Changping Zone Fax 86.571.8583.8999 Jung-gu, Seoul, Korea Tel 82.2.6050.2400 www.hanwhafund.com Korea Tel 86.574.8677.8013 4 Lixiang Road Tel 82.2.729.3030 Fax 82.2.6050.0888 50, 63-ro Tel 82.2.789.6363 Hanwha TechM (Suzhou) Fax 86.574.8675.1067 Beijing 102200, China Hanwha Life Fax 82.2.729.4800 Yeongdeungpo-gu, Seoul Fax 82.2.789.5678 Co., Ltd. Tel 86.10.6073.5435 (A Liaison Office in Hanwha Q CELLS Corp. Korea North Side of Sigang Segment Hanwha Chemical Fax 86.10.6073.5459 Hong Kong) Hanwha Defense Systems www.hanwha-qcells.com Tel 82.2.6950.0000 Hanwha Station Zhangyang Road, Zhangjiagang Corporation Unit 2709, 27F, The Center Co., Ltd. 86, Cheonggyecheon-ro Fax 82.2.6950.0009 Development Co., Ltd. Economic and Technology Beijing Representative Office Hanwha 99 Queen’s Road, Central www.hanwha-defensesystems.co.kr Jung-gu, Seoul, Korea www.hwsd.co.kr Development Zone, Zhangjiagang 27F, Taikang Financial Tower Advanced Materials Hong Kong 779, Gongdan-ro, Seongsan-gu Tel 82.2.729.2336 Hanwha Savings Bank 405, Hangang-daero Jiangsu 215600, China No.38 Yard East 3rd Ring North (Shanghai) Co., Ltd. Tel 852.2169.0612 Changwon, Korea Fax 82.2.729.3313 www.hanwhasbank.com Jung-gu, Seoul, Korea Tel 86.512.8959.8910 Road, Chaoyang District Jiading Industrial Zone Fax 852.2529.4698 Tel 82.55.280.6114 139, Bucheon-ro Tel 82.2.390.4000 Fax 86.512.8959.8365 Beijing, China 1201 Xingrong Road Fax 82.55.280.6133 Hanwha Q CELLS Korea Bucheon, Gyeonggi-do, Korea Fax 82.2.390.4004 Tel 86.10.6583.7973 Shanghai 201807, China Hanwha Life Corp. Tel 82.32.657.5000 Hanwha Corporation Fax 86.10.6583.7999 Tel 86.21.3996.3996 Beijing Representative Office Hanwha Techwin Co., Ltd. www.hanwha-qcells.com Fax 82.32.666.9970 Hanwha Eagles Beijing Representative Office Fax 86.21.3996.3911, 3922 27F Taikang Finacial Tower www.hanwhatechwin.com 86, Cheonggyecheon-ro Professional Baseball Club 27F, Taikang Financial Tower Hanwha Chemical No.38 Yard East 3rd Ring North 86, Cheonggyecheon-ro Jung-gu, Seoul, Korea www.hanwhaeagles.co.kr No. 38 Yard East 3rd Ring North Corporation Hanwha Road Chaoyang District, Beijing Jung-gu, Seoul, Korea Tel 82.2.729.3163 Hanbat Sports Complex Road, Chaoyang District Shanghai Representative Office Advanced Materials 100026, China Tel 82.2.729.2900 Fax 82.2.729.3160 373, Daejong-ro, Jung-gu, Beijing 100026, China RM 2106, New Caohejing (Chongqing) Co., Ltd. Tel 86.10.6583.7900 Fax 82.2.729.2904 Daejeon, Korea Tel 86.10.6583.7971 International Business Center A 19 YingLong Road, Longxing Town, Fax 86.10.6583.7925 Hanwha Energy Corp. Tel 82.42.630.8200 Fax 86.10.6583.7999 No. 391, Guiping Road, Xuhui Yubei District, Chongqing, China Hanwha Precision hec.hanwha.co.kr Fax 82.42.632.2929 District, Shanghai, 200233, China Tel 86.023.8856.7758 Machinery Co., Ltd. Sejong Post Building Hanwha Corporation Tel 86.21.6278.5556 www.hanwhaprecisionmachinery.com 499, Hannuri-daero Bugil Foundation Guangzhou Representative Fax 86.21.6278.8728 6, Pangyo-ro 319beon-gil, Sejong, Korea www.bugil.hs.kr Office Bundang-gu, Seongnam, Korea Tel 82.44.850.3500 San 11-1, Sinbu-dong Fortune Plaza, West Tower Hanwha Chemical Tel 82.70.7147.8701 Fax 82.44.850.3599 Cheonan, Korea RM 1903 #114-118 Corporation Fax 82.31.8018.3721 Tel 82.41.520.8866 Tiyudong Road, Guangzhou, China Guangzhou Representative Hanwha Engineering & Fax 82.41.520.8889 Tel 86.20.3893.1567 Office Hanwha Power Systems Construction Corp. Fax 86.20.3893.2760 RM 1905, West Tower Co., Ltd. www.hwenc.com Fortune Plaza No. 116-118 www.hanwhapowersystems.com 24, Yeoui-daero Tiyudong Road, Guangzhou, China 1204, Changwon-daero, Yeongdeungpo-gu, Seoul Tel 86.20.3893.1553 Seongsan-gu, Changwon, Korea Korea Fax 86.20.3893.1546 Tel 82.70.7147.8000 Tel 82.2.2055.6000 Fax 82.31.8018.3881 Fax 82.2.2055.5770 Dongguan Hanwha Engineering Plastic Hanwha Chemical Corp. Hanwha City Development HuPan Park, Matigang Village hcc.hanwha.co.kr Co., Ltd. DaLingShan Town, Dongguan City 86, Cheonggyecheon-ro www.hcd21.co.kr Guangdong 523000, China Jung-gu, Seoul, Korea 15F, Seyoung Building Tel 86.769.8278.1999 Tel 82.2.729.2700 199, Gwongwang-ro Fax 86.769.8278.1998 Fax 82.2.729.2999 Paldal-gu, Suwon, Korea Tel 82.31.8014.7000 Fax 82.31.8014.7009 116 117 JAPAN SOUTHEAST ASIA & Hanwha Corporation Hanwha Power Systems Hanwha Q CELLS Corp. AMERICAS & Hanwha Techwin Hanwha Q CELLS MIDDLE EAST Manila Representative Office Service Middle East LLC New Delhi Liaison Office OCEANIA Automation Americas, Inc Canada Inc. Hanwha Chemical 7th Ave., Corner 32nd St. P.O.Box 2621, 5th Floor Guardian Office No. 434, Level 4, Rectangle 1 17835 Sky Park Circle Suite E, Irvine 2860 Innovation Drive London Corporation Hanwha International (S) Fort Bonifacio, Global city Towers, Danet Abu Dhabi, U.A.E Commercial complex D.4 Hanwha International LLC CA 92614, USA Ontario N6M 0C5, Canada Tokyo Office Pte. Ltd. Taguing, Philippines Tel 971.4.447.8610 Saket, New Delhi, India 110017 300 Frank W. Burr Blvd. Tel 1.949.222.2265 Tel 1.519.457.8325 9F, Hanwha Building, 10-1 4 Shenton Way Tel 63.2.812.1366 Fax 971.4.447.8666 Tel 91.11.6654.4759 Suite #52 Teaneck Fax 1.519.457.9641 Shiba 4-chome Minato-ku #15-05/06 SGX 2 Center Fax 63.2.946.2837 Fax 91.11.6654.4052 NJ 07666, USA Hanwha Techwin Do Brasil Tokyo 108-0014, Japan Singapore 068807 Hanwha Chemical Tel 1.609.655.2500(775) Av. das Nações Unidas Hanwha Q CELLS Chile SPA Tel 81.3.5441.5976 Tel 65.6227.2754 S&P World Networks DMCC Malaysia Sdn. Bhd. Hanwha E&C nº 14.401 - 3° Flow - São Paulo – SP Enrique Foster Sur, 39. Planta 12 Fax 65.6227.9337 2408, JBC5, Jumeirah Lakes Towers 22.04 Level 22 Menara Citibank Kuwait Representative Office Eagle Petroleum LLC – CEP 04794 – 000 Las Condes, Santiago, Chile Hanwha Petrochemical Dubai, UAE 165 Jalan Ampang 23F, Al-Madeena 2 Triangle Building, Suite 220 Tel 55.11.98368.3424 Tel 562.2378.7734 Japan Branch Hanwha Mining Services Tel 82.2.729.3492 50450 Kuala Lumpur Malaysia Plot 42, Block 11 5201 California Avenue 1F, Hanwha Building, 10-1 Singapore Pte. Ltd. Tel 603.2161.8001 Fahed Al-Salem Street, Qibla Bakersfield, CA 93309, USA Hanwha Power Systems Hanwha Q CELLS Shiba-4Chome, Minato-ku, Tokyo 8 Cross St. #10-00 65 Hanwha Corporation Kuwait City, Kuwait Tel 1.661.873.4688 Americas Inc. Australia Pty. Ltd. 108-0014, Japan PWC Building, Singapore Almaty Representative Office Hanwha Chemical Tel : 82.2.729.2477 11700 Katy Freeway, Suite 650 Suite 1, Level 1 (Thailand) Co., Ltd. Tel 81.3.6369.6067 Tel 65.8332.4313 Nurly Tau Business Center 4A, 10F Hanwha International LLC Houston TX 77079, USA 15 Blue Street, North Sydney Fax 81.3.6369.6066 RM 48, 7 Alfarabi Prospect Almaty www.hanwhath.com Hanwha E&C LA Office Tel 1.281.599.3377 ext.220 NSW 2060, Australia Hanwha International 050059, Republic of Kazakhstan 377 Moo 17, Bangna-Trad Road Iraq Representative Office 6000 Phyllis Drive, Cypress Fax 1.281.599.7734 Tel 61.2.9016.3033 Hanwha Q CELLS Japan India Pvt. Ltd. Tel 7.727.311.0273, 0274 Bangsaothong, Bangsaothong Harlow Riverside, Villa 775 CA 90630, USA Fax 61.2.9016.3032 Co., Ltd. No. 35, 3F, Maker Chamber III Fax 7.727.311.0275 Samut Prakan 10540, Thailand Street 32, District 925, East Karrada Tel. 1. 562.745.7199 Hanwha Azdel Inc. 8F, Hanwha Building, 10-1 Nariman Point, Mumbai 400 021 Tel 66.2.315.3204 Baghdad, Iraq 2000 Enterprise Drive Hanwha Q CELLS Shiba 4-chome, Minato-ku India Hanwha Corporation Fax 66.2.315.3591 Tel : 82.2.729.4150 Hanwha International Forest, VA 24551, USA Solar Technology Australia Tokyo 108, Japan Tel 91.22.2204.3718 Tehran Representative Office Peru S.A.C. Tel 1.434.386.4081 Pty. Ltd. Tel 81.3.5441.5900 Fax 91.22.2204.0281 No.4, 4th floor, Sayeh Building Hanwha Chemical Tawasul Al-Ezdihar Co.,Ltd. Av.Javier Prado Este 560 Off. 2003 Fax 1.434.385.6532 Suite 1, Level 1 Fax 81.3.5441.5921 Opposite Mellat Park Vali e Asr Ave. India Pvt. Ltd Bismayah New City San Isidro. Lima-Peru 15 Blue Street, North Sydney NBL (PT. NANTOY BARA LESTARI) Tehran-Iran Unit No.105 - 106, Rectangle 1 Project Site, Tawasul Al-Ezdihar Tel. 51.637.2390 Hanwha NSW 2060, Australia Hanwha Life Jl.Semoga Indah No. 69 RT. 14RW. Tel 98.21.2265.8780 D-4, Disticrt Centre, Saket Office, Iraq Advanced Materials Tel 61.2.8363.9888 Tokyo Representative Office 04 Kelurahan, Lanjas Muara Teweh New Delhi-110017, India Tel 82.2.729.3038 Hanwha Resources America LLC Fax 61.2.8363.9889 9F, Hanwha Building 10-1 Indonesia Hanwha Techwin Tel 91.11.4308.5500 (Canada) Ltd. 4400 Northpark Drive Shiba 4-chome, Minato-ku Tel 62.21.6288585 Singapore Branch Hanwha Saudi 1200 Waterfront Centre Opelika, AL 36801, USA Hanwha America Tokyo 108-0014, Japan 4 Shenton Way #15-06 Hanwha Petrochemical Contracting Co., Ltd. 200 Burrard St. Tel 1.334.741.7725 Development Inc. Tel 81.3.5441.5906 PT. Hanwha Mining Services SGX Centre 2, 068807, Singapore Singapore Branch Delmon Building M Floor PO Box 48600 Vancouver, Canada Fax 1.334.741.7796 225 N. Columbus Drive, Suite 100 Fax 81.3.5441.5921 Indonesia Tel 65.6221.7512 048581 16 Raffles Quay Prince Sultan Road Al-Khobar BC V7X 1T2 Chicago, IL 60610, USA Citicon Tower JI. Letjen S Parman Fax 65.6227.9337 #14-03A Hong Leong Building Kingdom of Saudi Arabia • Shelby Plant Tel 1.312.469.8093 Acropark Golf Corp. Kav. 72, 11F, Unite F2 RT.RW. Sub- Singapore P.O.Box 31156 Al-Khobar 31952 Hanwha Mining Services 925 Washburn Switch Road Fax 1.312.255.8280 Tonegou 95, Kinkaitso, Nagasakisi district of Slipi District of Palmerah P&W NGPF Manufacturing Tel 65.6223.5288 Tel 82.2.729.5824 Chile SPA Shelby, NC 28150, USA Nagasakiken, Japan West Jakarta DKI Jakarta Raya Company Singapore Pte Ltd. Fax 65.6223.1828 Cerro El Plomo 5630, Tel 1.704.434.2271 Hanwha Hawaii, LLC Tel 81.95.884.3737 11410 Indonesia 51 Seletar Aerospace View Hanwha Life Insurance Piso 9 Las Condes Fax 1.704.434.7465 841 Bishop St. Suite 1601 Fax 81.95.884.2535 Tel 62.21.2930.8840 797506, Singapore Hanwha Q CELLS Malaysia Vietnam Ltd. Santiago, Chile Honolulu, Hawaii, USA Tel 65.6461.9700 Sdn. Bhd. 14F, Fideco Tower Tel 56.2.2666.4231 • Monroe Plant Tel 1.80.469.4875 Hanwha Corporation Fax 65.6461.9705 Lot 1, Jalan SP 2, Seksyen 2 81.85 Ham Nghi St. 1530 E Front St. Monroe Taiwan Branch Selangor Science Park 2, Cyberjaya Dist. 1, Ho Chi Minh City, Vietnam Hanwha Mining Services MI 48161, USA Hanwha Canada 8F-4, 207, Tun-Hwan Road Hanwha Techwin Selangor 63300, Malaysia Tel 84.8.3914.9100 Australia Pty Ltd. Tel 1.734.457.5600 Development Taipei, Taiwan Middle East FZE. Tel 60.3.83.15.00.00 Fax 84.8.3914.9101 179 St Georges Terrace Perth Fax 1.734.457.9894 2860 Innovation Drive London Tel 886.22.547.3355 JAFZA View LOB 18, 20th Floor Fax 60.3.83.20.26.60 WA 6000, Australia Ontario, Canada Fax 886.22.546.9955 Jebel Ali Free Zone, Dubai PT. Hanwha Life Tel 61.8.6181.0300 Hanwha United Arab Emirates Hanwha Q CELLS Insurance Indonesia Advanced Materials Hanwha Life Investment Hanwha Corporation Tel 971.4.447.8601 Solar Power Ratu Plaza, Jl. Jend. Hanwha Mexico S. De R.L. De C.V. (USA) Ltd. Yangon Representative Office Fax 971.4.447.8666 Upper Penthouse, Wisma RKT No. 2 Sudirman Kav. 9 Machinery America Inc. Prolongación Avenida Tecnológico Suite 2860, 575 Lexington Avenue No.33 (A), Pyay road, 7 mile Jalan Raja Abdullah Jakarta Pusat 10270 9750 South Oakwood Park Drive #1345 Fraccionamiento Monterrey New York, NY 10022, USA Mayangone Township, Yangon Hanwha Techwin Off Jalan Suitan Ismail 50300 Indonesia Franklin, WI 53132, USA Technology Park Ciénega de Tel 1.201.308.7944 Myanmar Dubai Branch Kuala Lumpur, Malaysia Tel 62.21.8378.0882 Tel 1.414.421.2300 Flores, NL. 65550, Mexico Fax 1.212.308.7502 Tel 95.01.664.335 P.O.Box 121151 Tel 60.3.83.15.00.00 Fax 62.21.8372.0883 Tel 52.81.5000.9243 8F, RM 805 Fax 60.3.83.20.26.60 Hanwha TechM USA LLC Hanwha Life Hanwha Corporation Arenco Tower, Media City 1500 East Highwood, Pontiac Hanwha Q CELLS New York Representative Office Jakarta Representative Office Dubai, U.A.E Hanwha Q CELLS MI 48340, USA America Inc. Suite 2860, 575 Lexington Avenue S. Widjojo Building, 9F Tel 971.4.447.8602 (Security) (Thailand) Co., Ltd. Tel 1.248.588.1242 300 Spectrum Center Drive New York, NY 10022, USA J.L. Jend. Sudirman 71 Tel 971.4.447.8610 5F, 87 M.Thai Tower All Fax 1.248.588.1246 Suite 1250, Irvine, CA 92618, USA Tel 1.212.308.3690 Jakarta 12190, Indonesia (Energy equipment) Seasons Place, Wireless Road Tel 1.949.748.5996 Fax 1.212.308.7502 Tel 62.21.520.5815 Fax 971.4.447.8666 Lumpini Pathumwan Universal Bearings LLC Fax 62.21.520.5810 Bangkok 10330, Thailand 431 N Birkey St. Hanwha Q CELLS World Corporation Hanwha Techwin Tel 66.2.6543181 Bremen, IN 46506, USA USA Corp. P.O. Box 500066 Hanwha Corporation QFC Branch Fax 66.2.6543182 Tel 1.574.546.2261(265) 300 Spectrum Center Drive Saipan, MP 96950, USA Ho Chi Minh 1046, Shoumouch Towers Suite 1250, Irvine, CA 92618, USA Tel 1.670.234.5900 Representative Office 10th floor, Tower B, C-Ring Road Hanwha Q CELLS GmbH Hanwha Techwin America Tel 1.949.748.5996 Fax 1.670.234.5909 Unit 704 , 7F Sailing Tower, 111A Al SADD, Doha, Qatar Representative Office 500 Frank W. Burr Blvd. Teaneck Pasteur Street, District 1 Tel 974.4007.5130 9 Daphna St. Modiin 71705, Israel NJ 07666, USA 174 Power Global Corporation Ho Chi Minh City, Vietnam Fax 974.4007.5001 Tel 972 .77.915.9192 Tel 1.877.213.1222 300 Spectrum Center Drive Tel 84.8.3822.7301 Fax 972.8.975.9192 Fax 1.201.373.0124 Suite 1250, Irvine, CA 92618, USA Fax 84.8.3822.7302 Tel 1.949.748.5996
118 119 EUROPE Hanwha Petrochemical Hanwha Life Co., Ltd. AFRICA Europe Branch 6th Floor, City Tower Hanwha Europe GmbH Kölner Straße 10b, 65760 40 Basinghall St. Hanwha Corporation www.hanwha.de Eschborn, Germany London EC2V 5DE, UK Nairobi Representative Office Kolner Strabe 10 Tel 49.6196.779.5217 Tel 44.207.826.4021 X2, Kamirembe place, Ring Road 65760 Eschborn, Germany Fax 44.207.7826.4029 Kilimani, Nairobi, Kenya Tel 49.0171.791.7364 Hanwha Tel 254.774.592.169 Advanced Materials Hanwha Europe GmbH Europe, s.r.o. Warsaw Representative Office Priborska 208, 739 42 Frydek Curtis Plaza 18 Wolska Str. Mistek Chlebovice, Czech Republic 02-675, Warsaw, Poland Tel 420.552.304.608 Tel 48.660.282.940 Fax 420.552.304.619
Hanwha Corporation Hanwha Istanbul Representative Office Advanced Materials Maslak Mah. A.O.S 55 Sk.No:2 42 Germany GmbH Maslak A Blok D/228 (904) Industriestraße 27 İstanbul, Turkey 92345 Dietfurt, Germany Tel 90.212.481.4271 Tel 49.8464.6423.0 Fax 90.212.482.7987 Fax 49.8464.6423.44
Hanwha Europe GmbH Hanwha Q CELLS GmbH Budapest Representative Office www.q-cells.com Dayka Gabor U.3, Sonnenallee17-21 Rubin Business Center RM 204 06766 Bitterfeld-Wolfen, Germany 1118, Budapest, Hungary Tel 49.3493.6699.0 Tel 36.1.319.3237 Fax 49.3494.6699.199 Fax 36.1.319.3234 Hanwha Q CELLS Hanwha Corporation Berlin Representative Office Athens Representative Office Lorenzweg 5, 12099 Rizariou 2A and Mikras Asias 66 Berlin, Germany Chalandri, Athens 15233, Greece Tel 49.3493.6699.0 Tel 30.210.685.8280 Fax 49.3494.6699.23000 Fax 30.210.685.8240 Hanwha Q CELLS Hanwha Corporation France Office Moscow Representative Office Immeuble le CALYPSO Leninsky Prospekt 113 / 1 25, Rue de la petite Duranne Park Place Business Center 13100 Aix-en-Provence, France Office 212D Tel 33.6.46.88.48.18 Moscow 117198, Russia Tel 7.495.662.3001, 3002 Hanwha Q CELLS Fax 7.495.662.3003 UK Office Level 6, City Tower Hanwha Techwin 40 Basinghall St. Europe Ltd. London EC2V 5DE, UK Heriot House Heriot Road Tel 44.7717.538494 Chertsey Surrey KT16 9DT, UK Hanwha Q CELLS Tel 44.0.1932.82.8100 Italy Office Fax 44.0.1932.82.8101 Via Leonardo Da Vinci 12 39100 Bolzano, Italy Hanwha Power Systems Tel 49.3494.6699.0 Milan Branch Fax 49.3494.6699.199 Via de Vizzi 93/95, Cinisello Balsamo 20092, Milan, Italy Hanwha Q CELLS Turkey Tel 39.02.8410.2196 www.q-cells.com Ayazağa Yolu Hanwha Power Systems Eski Büyükdere Cad. No. 7 Moscow Office Giz 2000 Plaza 206, 40-4, Bolshaya Ordynka Str. Maslak - Istanbul, Turkey BC Legion-I, Moscow 119017 Tel 90.(0).212.290.7200 Russia Fax 90.(0).212.290.7202 Tel 7.499.750.1733
September 2018 Published by Hanwha Communications Committee 120 121 This publicationThis publication was producedwas produced using using the the ForestForest Stewardship Stewardship Council Council certified certified paper paper and and printingprinting method method to protect to protect forest forest resources. resources.
122