Profile - SolarBaba

Transcription

Profile - SolarBaba

Profile
2013
“Quality Growth”
reflects
’s core value,
the corporate vision that
challenges and inspires us to
dedicate ourselves to
the prosperity of mankind.
thrives as
our customers live their dreams,
living richer and happier lives
through
’s energy.
Contents
/
Chairman’s Message / 02
Vision / 06
Quality Growth Inspired / 08
Quality Growth Expanded / 28
Profile / 34
Businesses / 47
Social Responsibility / 85
This is our shared vision of
a better tomorrow through
“Quality Growth” at
.
02-03
Profile 2013
Chairman’s
Message
Chairman’s
Message
Our wish is to nurture the hopes of
our customers for
a better and brighter tomorrow.
During Korea’s postwar rebuilding efforts in the 50s and its explosive, economic
development through the 60s to 90s,
has played a key leadership role in
establishing the nation’s key strategic industries. Today,
continues to
thrive on these foundations and has committed itself to providing new dynamic
energy to both the nation and the world, as the means for a better future.
has successfully overcome waves of dynamic market changes and turbulent economic cycles by consistently implementing a philosophy of innovation
and by making bold investments in our future. Through our relentless pursuit of
excellence,
has evolved into a global business group in three key areas:
manufacturing & construction, finance, and services & leisure. In anticipation of a
new paradigm for our community and the world, we are motivated, driven and inspired to take on challenges around us and share our vision of a better future with
our stakeholders around the world.
Despite the prolonged financial crisis and the challenging operating environment
encircling the globe, “Quality Growth” has been at the core of
as we
continue to expand and navigate through these turbulent times. For example,
since we first identified the solar energy business as
’s next growth en-
gine in 2010, we have expanded and strengthened our competencies in the photovoltaics industry through organic and inorganic paths.
move was the acquisition of Q.CELLS, now re-named as
2012, completing
’s latest strategic
in
’s total vertical integration from materials to solar proj-
04-05
Chairman’s
Message
Profile 2013
ect development. Now
has become one of the world’s most advanced
ation in Vietnam in 2009,
has begun its joint venture operations in
and respected photovoltaics companies with the third largest cell production ca-
China and acquired a life insurance company in Indonesia in 2012. Lastly, but not
pacity in the world.
least, we are constantly improving our corporate infrastructure and are focusing
on providing exquisite personalized services to our customers in the areas of ser-
In addition to achieving economies of scales in production capacity, technology
vices and leisure.
leadership and efficient business execution are keys to success in this highly
competitive solar market.
’s global solar R&D network of facilities locat-
At
, we are mindful of challenging social, economic, and environmental is-
ed in Korea, the United States and China has now extended to Europe, and we
sues surrounding us every day and proactively finding ways to promote sustainable
have established a strong, global sales and marketing organization around the
growth in the markets we serve and the businesses we are in.
world including the United States, Germany, Australia, and Japan.
As a responsible corporate citizen,
Year 2012 was also a very remarkable year for
encourages many of its employees to
in the construction and
actively participate in more than 600 community services each year. We changed
engineering sector by signing a formal contract for a USD 8 billion to build a new
the employment status of more than 1,900 non-regular workers to a full-time status
city in Bismayah, Iraq, the largest single project ever won by a Korean construction
in 2013 to provide them better job security and employee benefits.
company. Bismayah New City Project is one of the world's most spotlighted projects today. The project will develop into a residential complex for 100,000 house-
Although some of the pressures have dissipated since the height of the crisis in
holds with a supporting urban infrastructure including roads, water, sewage, and
2008, a great deal of uncertainty and challenges still linger in many different mar-
incineration facilities on a site of 1,830 hectares. We are deeply honored to be an
kets and our industries as a whole. Nonetheless,
integral part of postwar rebuilding efforts in Iraq.
and our passion to extend our industry leadership into all of our operating areas,
’s desire to grow globally
remains undeterred. We are inspired to responsibly fuel the sustainable growth of
is also making long-term investments in other new growth sectors such
as biopharmaceutical, energy storage, and advanced materials; we have success-
our communities and the world and
’s collective energies are manifested
in every step we take.
fully developed a biosimilar due for commercialization in 2013 and our continuing
investment in secondary batteries is making good progress. Our passion to achieve
breakthrough innovation will be
Please join us as we embark upon another sixty years of mutual growth and prosperity.
’s foundation for future growth in today’s
highly competitive landscape.
’s another key business sectors, finance, is making great strides in globalizing its business strategy and expanding its global presence in key emerging
markets in China and Southeast Asia. After the opening of its first overseas oper-
Seung Youn Kim
Chairman
06-07
Profile 2013
Vision
Laying solid foundations
for quality growth around the globe.
Overview
Vision
has emerged as a global leader in a broad range of businesses spanning the
Our “Quality Growth 2020” vision embodies our commitment to achieving both quantitative growth in sales
spectrum of manufacturing, construction, finance, services, and leisure industries. Our group consists of
and operating income and qualitatively building our brand equity and company’s human capital. We aspire
52 domestic affiliates and 90 overseas affiliates*, which together provide a multitude of customers around
to be an industry leader in each of our existing businesses as we strategically develop and invest in new
the globe with premier products and services. Driven by an indomitable, entrepreneurial spirit that has led
enterprises and business engines that will drive future growth. We will continue to build a corporate culture
six decades of continuous growth, we are once again preparing to embark on a new challenge and to take
that fosters mutual growth and prosperity for our employees as well as our stakeholders alike.
Founded in 1952,
a major leap forward by aggressively investing in our new growth engines of cleantech energy and biotechnology, laying the foundation for quality growth that will contribute to making the world a cleaner, ecofriendlier, and healthier place to live.
Quality Growth 2020
* As of December 31, 2012
Business Areas
Manufacturing &
Construction
We are laying the foundation for
future growth in cleantech energy, biotechnology, and overseas construction business.
Finance
We are building a comprehensive network to provide total financial services and solutions
that ranges from insurance to
investment, securities, and asset management.
Services &
Leisure
Growth
Excellence
Transformation
Foster businesses that drive
sustainable growth.
Pursue leadership
in each field of business.
Build a customer-centric,
results-driven corporate culture.
We are bringing new value and
enjoyment to life as Korea’s
foremost premium services and
leisure provider.
Solar Energy
Globalization
Lead in responding
to the challenges of
energy depletion and
climate change.
Focus on growth
and value-added
businesses.
Philosophy & Core Values
“Trust and Loyalty” have always been the foundation of our success and growth. In 2011, we defined the
NEW
GROWTH
ENGINES
principles of “Challenge, Dedication, and Integrity” as our new core values that inspire and unite us to
achieve our vision of quality growth.
Biotechnology
Challenge
Dedication
Integrity
Never be satisfied with the
status quo. Pursue excellence
through change and innovation.
Be loyal to customers, the company,
and colleagues. Strive to achieve
ever-greater goals.
Act honestly and fairly based on
honor and principle.
Lead in developing
innovative solutions
for the world’s aging
populations.
GLOBAL
STRATEGY
Holistic
Services
Lead in enhancing
every aspect of life from
financial security to
leisure and health.
Localization
Synergy
Become a partner
for growth in
local markets.
Foster synergy
between affiliates
on all levels.
08-09
Profile 2013
Quality Growth
Inspired
Quality Growth
Inspired
/
Creating
a more
sustainable
future for
everyone.
Sustainable
Energy
Sustainable
Community
Sustainable
Life
10-11
Profile 2013
Quality Growth
Inspired
1.
Evolving into
the world’s leading
solar energy
company.
Polysilicon
2.
Equipment
Ingots /
Wafers
Cells
EVA Sheet /
Back Sheet
Modules
3.
Development
EPC
Financing
Solar
Value Chain
Integration
O&M
1
Sustainable Energy
/
, leveraging its long
history of expertise in international
commerce and its successful
vertical integration, is taking on a
global leadership position in the
photovoltaics industry.
(formerly Hanwha SolarEnergy)
12-13
Quality Growth
Inspired
Profile 2013
Global leaders in the
photovoltaics industry
&
Hanwha, through its top-tier quality solar
products and services, is rapidly building a
trusted brand name and brand equity around the
world. Launched in October 2012,
Hanwha Q CELLS features one of the world’s best
solar cell technologies and R&D achievements.
Hanwha SolarOne has won recognition for its
advanced technologies and high quality products
by passing the very stringent “Long-Term
Sequential Test” conducted by TÜV Rheinland of
Germany in May 2012.
3
Solar cell production
capacity
No.
The launch of Hanwha Q CELLS has made
Hanwha the world’s third-largest photovoltaics
player with an annual cell production capacity of
2.3 GW comprised of 1.0 GW from Hanwha
Q CELLS’ plants in Germany and Malaysia and
1.3 GW from Hanwha SolarOne’s plant in China.
Total annual cell production capacity
2.3 GW
14-15
Profile 2013
Global solar R&D network
5
countries
Hanwha operates a global network of solar R&D
centers including its advanced R&D center
in Silicon Valley, Hanwha Solar America.
The acquisition of Q.CELLS has further
strengthened Hanwha’s global technology
leadership with R&D facilities located around
the globe in Korea, China, Malaysia, the United
States, and Germany.
Quality Growth
Inspired
16-17
Profile 2013
Quality Growth
Inspired
Bismayah
New City Project
in Iraq
Building
a brighter,
happier future
for everyone,
everywhere.
Civil Works
City roads, water, sewage, and
incineration facilities
No. of residential
housing units
100,000
Size 1,830 ha
Design & Build
(design, procurement, and construction)
2
Sustainable
Community
/
is building a new city in
Bismayah, approximately 10 Km
southeast of Baghdad, Iraq. Over
the period of the next seven years,
will build out a completely
new city encompassing a residential
complex of 100,000 residential
units and the supporting urban
infrastructure.
18-19
Profile 2013
Quality Growth
Inspired
Bismayah
New City Project in Iraq
Largest &
First
The new city in Bismayah, Iraq, under construction
by Hanwha, is the largest single project ever won
by a Korean construction company overseas.
It is also the first project in the world where
a single company is managing and directing
the entire development of such a large-scale
residential complex of 100,000 residential units.
USD 8 billion
550,000 persons
With a total construction cost of USD 8 billion,
the project will create 550,000-plus jobs annually
for seven years, while providing the opportunity
for small and medium-sized companies and
business partners in Korea to participate in this
historic project alongside Hanwha.
20-21
Profile 2013
Quality Growth
Inspired
Philippines
Arena Project
74,000m
2
Hanwha was awarded the construction project
of the world’s largest domed arena in the
Philippines with a seating capacity of 50,000 built
on 74,000 sqm. The construction of the Philippine
Arena is now well underway with the scheduled
completion in early 2014.
Ma’aden Water and
Power Plant Project in
Saudi Arabia
160 MW
Steam Turbine Generator
40,000 m3/day
Desalination Plant
Hanwha Engineering & Construction is continuing
to solidify its market presence in the Middle East
with more than 30% of its total sales coming from
overseas operations for the past three years. The
picture shown on the right is a water and power
plant project in Saudi Arabia for Ma’aden, the
state-owned coal mining company. The plant
was built as a turnkey solution from its design to
construction by Hanwha and it was successfully
completed in 2010.
22-23
Profile 2013
Quality Growth
Inspired
Insurance
Life insurance,
general insurance
Securities
Brokerage, trading,
and investment banking
Asset management
Stocks, bonds, ETFs,
real estate, hedge funds,
and MMFs
ina
Overseas business
3
Sustainable Life
/
is
committed to providing a total,
balanced financial solution for our
clients and building their sound
financial security, enabling our
clients to live their dreams and share
them with the next generation.
Ch
Subsidiaries
n
pa
Ja
Providing
life solutions
for a richer
tomorrow.
US
Ch
UK
ina
ia
es
on
Ind
m
V ie
us
t na
Ko
r
ea
Offices
Vietnam, China, Indonesia
24-25
Quality Growth
Inspired
Profile 2013
Launched an operation of
Sino-Korea Life in China
2015 Top
3
Sino-Korea Life began its operations in Zhejiang,
China in December 2012. By offering localized
and customized services based on Hanwha Life’s
superior sales training, customer service and
underwriting expertise, Hanwha aims to become
one of the “top three” foreign-affiliated life
insurers in the market by 2015.
Vietnam is emerging as the center of new growth
in Southeast Asia, promising unlimited insurance
market potential, Hanwha has been experiencing
rapid growth since its entry into the Vietnamese
market in 2009.
Operation Overview
(as of the end of December 2012)
8,245
Financial Consultants
31,744
Policies Written
29
Offices
26-27
Profile 2013
Total
Financial
Solution
Hanwha Finance Plaza is a solid, stable
partner that offers comprehensive financial
solutions, ranging from life insurance to asset
management. Hanwha’s experts in financial
planning, private banking, and investment advice
provide customers with comprehensive, onestop professional financial planning services.
Quality Growth
Inspired
Insurance
Securities
Asset
Management
Our insurance affiliates
are Korea’s first and
among the largest
insurance providers,
offering coverage
for everything from
automobile to life.
We are strengthening
our areas of core
expertise such as
brokerage, trading,
and investment
banking; and adding
asset management
services.
Our high quality
products include
domestic and global
equities, bonds, ETFs,
derivatives, real estate,
hedge funds, and
MMFs.
28-29
Profile 2013
Quality Growth
Expanded
Quality Growth
Expanded
/
Caring for
the planet Earth.
China
SOUTHEAST
Asia &
Middle
East
Americas
Europe &
Africa
30-31
Profile 2013
Quality Growth
Expanded
Almaty
Seoul
Teheran
CHINA
Nagasaki
Bismayah
Dubai
Kuwait City
Al Khobar
Abu Dhabi
/
is
leading our expansion
in the world’s largest market,
investing in the
PV module business and
PVC production and
focusing on the
financial sector.
New Delhi
Hangzhou
Chongqing
Hanoi
Mumbai
Guangzhou
/
Lianyungang
Qidong
Shanghai
Ningbo
Shantou
Hong Kong
Taipei
Yangon
SOUTHEAST Asia &
Middle East
Beijing
Tokyo
Bangkok
Samut Prakan
Phnom Pehn
Ho Chi Minh
Manila
Saipan
Selangor
Kuala Lumpur
Singapore
Jakarta
We are tapping
new growth opportunities
in these regions for
all services ranging from
insurance sales
to new urban development and
plant construction projects.
Sydney
Synergy in
China
PVC
300,000 mtpy
1.3 GW cell
1.5 GW module
Hangzhou
107 Financial Planners
Regional network
New city
Cell production
3 subsidiaries 10 offices 100,000 residential units 800 MW
Premium
CAGR 84%
In June 2011, we launched Hanwha China to promote and maximize synergies
among the Group’s different manufacturing, trading, finance, and retail businesses within the world’s largest market.
In February 2011, Hanwha Chemical began its first production of 300,000-mtpy
PVC in Ningbo in anticipation of the
increasing demand at an annual growth
rate of over 5%.
As a global photovoltaics module manufacturer, the company has extensively
expanded its production capacity now at
1.3 GW for cells and 1.5 GW for modules.
Hanwha Life began its sales operations
in China in December 2012 while Hanwha
Investment & Securities has been exploring new growth opportunities in advisory
services through its subsidiary there.
Hanwha Corp. trades steel, petrochemicals, petroleum, machinery, and a multitude of other goods and services through
its local subsidiaries in Japan and Singapore as well as branch offices in Vietnam,
Indonesia, Thailand, India, the UAE, the
Philippines, and Myanmar.
Hanwha Life Vietnam has been experiencing a rapid growth since it began selling
policies in April 2009. As a part of its
regional expansion, Hanwha Life also acquired an Indonesian insurance company
in December 2012.
In May 2012, Hanwha E&C signed a USD 8
billion contract with Iraq’s National Investment Commission to develop a new city.
Scheduled for completion in 2019, the new
city development includes 100,000 public
housing units and all of the necessary
supporting public infrastructures.
Hanwha Q CELLS’ photovoltaics plant
in Malaysia began its cell production in
2009 with an annual capacity of 800 MW.
32-33
Quality Growth
Expanded
Profile 2013
Europe &
africa
Moscow
AMERICAS
/
London
Berlin
Bitterfeld-Wolfen
Eschborn
Ismaning
/
We are strategically
diversifying
our business portfolio
in the Americas,
which includes energy and
commodities investments,
real estate development,
and R&D in advanced materials.
San Francisco
Santa Clara
Bakersfield
Corona
Irvine
Milwaukee
Franklin
Chicago
Detroit
Bremen
Warsaw
Chlebovice
Budapest
Diosd
Istanbul
London (Ontario)
Athens
New York
Cranbury
Forest
Atlanta
Opelika
Europe has been
the global leader in embracing
clean solar energy,
and we’re ideally positioned to
win market share across the
European continent
as the industry continues
to gain momentum.
Johannesburg
Sao Paulo
Business hub
Chicago
development project
Photovoltaic
R&D laboratory
Lightweight
auto parts
Trading
post
High-quality
auto parts
200 MW cell
120 MW module
Solar sales &
marketing
Hanwha International’s core trading
business handles a wide variety of industrial goods such as chemicals, steel,
and machinery as well as meats, grains,
and processed foods.
Hanwha E&C has successfully completed a number of luxury condominium
projects in the United States, including
Chicago and New York City, since the
early 2000s. The company is currently
pursuing new residential and commercial
development projects in Chicago.
Hanwha Solar America’s Advanced R&D
Laboratory joins the R&D efforts at Hanwha Chemical in Korea and Hanwha SolarOne in China. Our concerted efforts
will help Hanwha maintain its technology
leadership and high quality standards in
the solar industry.
Hanwha L&C produces lightweight automotive materials in the United States,
the center of the world’s auto market, to
meet the growing automobile demands
across the Americas.
Hanwha Europe trades a wide range
of industrial products such as plastics,
chemicals, machinery, solar modules,
and auto parts for markets across the
European continent.
Commissioned in 2009, Hanwha L&C’s
Czech plant, with its own assembly operations in Czech Republic, supplies high
quality auto parts to major global automakers.
Hanwha Q CELLS has established its R&D
center at its headquarters in Germany.
The site includes a plant that can produce
200 MW of cells and 120 MW of modules
annually. Hanwha’s photovoltaics production network now stretches across Germany, China, and Malaysia.
Hanwha SolarOne continues to strengthen its solar sales and marketing practices and build successful track records
in major markets such as Germany and
Italy, as well as emerging markets such
as the UK and Greece.
34-35
Profile 2013
Profile
Profile
We’re building
a better future through
the businesses
and markets
in which we are
engaged.
Financial Highlights
Business Areas
Business Highlights
Global Network
36-37
Profile 2013
Profile
Total Liabilities
in USD Millions
86,049
SECTORTOTAL liabilities
2010
2011
2012
enhancing its shareholder and investor value through profitable operations and
Manufacturing & Construction
9,433
10,198
11,791
excellent business execution.
Finance
54,909
58,375
70,905
2,629
2,983
3,353
66,971
71,556
86,049
66,971
Global market environments remain highly challenging, but Hanwha is committed to
71,556
Services & Leisure
Sales and net income are converted into US dollars at the average exchange rate of USD 1=KRW 1,126.25 in 2012, KRW 1,108.2 in 2011, and KRW 1,156.05 in 2010.
Asset, liability, and stockholders’ equity are converted into US dollars at the December 31 closing exchanges rate of USD 1=KRW 1,063.00 in 2012, KRW 1,159.00 in 2011, and KRW 1,120.00 in 2010.
Total Sales
31,674
SECTOR
30,809
TOTAL SALES
2010
2011
18,398
16,057
Total
2011
Total Assets
2012
104,447
in USD Millions
2010
2011
2012
16,157
13,252
12,727
Manufacturing & Construction 7,849 7,685
8,569
Finance
13,175 16,367
15,839
Finance
6,661
6,770
7,775
1,665 2,055 2,243
Services & Leisure
1,547 1,702
2,054
26,694 31,674
30,809
16,057 16,157
18,398
Total
2010
2011
2012
Total
Net Income
SECTOR
TOTAL assets
2010
2011
2012
in USD Millions
SECTOR
1,091
910
net income
2010
2011
2012
898
Manufacturing & Construction 17,282 17,883
20,360
Manufacturing & Construction 610
417
255
Finance
61,570 65,145
78,679
Finance
406
485
537
4,176 4,685
5,408
75
-4
118
1,091
898
910
Services & Leisure
2011
TOTAL stockholders’ equity
11,854 87,713
SECTOR
Manufacturing & Construction Services & Leisure
2010
2012
in USD Millions
2012
26,694
83,028
2011
Total Stockholders’ Equity
in USD Millions
2010
2010
2012
Total
83,028 87,713 104,447
Services & Leisure
2010
2011
2012
Total
Business Areas
Business Highlights
Global Network
38-39
Profile 2013
Profile
Business Areas
8
6 &11
2
7
9
5
3
9
10
4
1
1
Manufacturing & Construction
Hanwha Corporation 1
Hanwha Engineering & Construction
Hanwha Chemical 3
Hanwha Q CELLS 4
Hanwha SolarOne 4
Hanwha Q CELLS Korea 4
Hanwha L&C 5
2
Yeochun NCC
Hanwha TechM
Hanwha Polydreamer
Dream Pharma
Hanwha Energy
Asan Techno Valley
Seosan Techno Valley
Gimhae Techno Valley
Gyeonggi Hwaseong Bio Valley
Finance
Services & Leisure
Hanwha Life 6
Hanwha General Insurance 7
Hanwha Investment & Securities
Hanwha Asset Management
Hanwha Investment
Hanwha Savings Bank
Hanwha Hotels & Resorts 9
Hanwha Galleria 10
Hanwha Timeworld
Hanwha 63 City 11
Hanwha S&C
Hanwha Station Development
Hancomm
8
Business Areas
Business Highlights
Global Network
40-41
Profile 2013
Profile
Business Highlights
Manufacturing &
Construction
Finance
Services &
Leisure
Business Profile
Business Profile
Business Profile
Our manufacturing and construction affiliates are strengthening
their core competencies in the high-tech area. We are one of
the world’s leading manufacturers of industrial explosives, military applications, and aerospace equipment.
We have aggressively accelerated the expansion of overseas
operations since 2007. These efforts culminated in the resounding achievement of winning a USD 8 billion new city development
project in Iraq in 2012.
Our fully vertically integrated solar value chain positions us as
an emerging global leader in the photovolatics industry. Hanwha’s
strategic investment in photovoltaics and biotechnology will pave
the way for greater growth in the decades to come.
Our financial affiliates continuously evolve their customer services to reflect today’s fast-changing capital markets and address
individuals’ diverse financial objectives. Leveraging over six decades of experience and expertise, we provide reliable life insurance products to customers in Korea and Vietnam.
In addition, we began operations of Sino-Korea Life, a joint venture of Hanwha Life and Zhejiang International Business Group,
in December 2012 and acquired a life insurance company in
Indonesia in late 2012.
We also established a solid foundation for becoming a top-tier
player in Korea’s securities and asset management industry
through a series of mergers and acquisitions.
Our services and leisure affiliates are constantly creating new
innovative ways to improve our customer experiences at our
various venues. Our resort business is now in the middle of a
major ongoing renovation that will include a new premium resort
chain and a group of world-class aquariums across Korea. Hanwha
Galleria enhanced its status as a premium shopping venue by
opening Gourmet 494 and Masterpiece Zone. Gourmet 494 brings
a grocery store and restaurant together, introducing the first
“grocerant” operation in Korea, and Masterpiece Zone is a permanent exhibition area for high-end products.
Combined with our recently renovated hotel, resort, waterpark,
and convention properties, this will ensure that our reputation
as Korea’s premier leisure group continues to grow in the years
ahead.
2012 Sales
2012 Sales
2012 Sales
in USD Millions
in USD Millions
The launch of Hanwha Q CELLS
in 2012 has completed
Hanwha’s full vertical integration of
its solar business from polysilicon, cells
and modules, to power generation systems.
Hanwha is maximizing synergy between
Hanwha’s expertise in global manufacturing
operations and financial soundness
with Hanwha Q CELLS’ world’s
leading solar technologies.
Hanwha Engineering & Construction is
emerging as a new member of top-tier
global construction companies with its award
and commencement of construction of
the Bismayah New City Project in Iraq.
Hanwha Life is accelerating
its overseas expansion of insurance sales
operations in China and Southeast Asia.
For the fiscal year running from April 1, 2011
to March 31, 2012
in USD Millions
Business Highlights
Global Network
42-43
Profile 2013
Profile
San Francisco
Santa Clara
Warsaw
Bakersfield
Irvine
Global Network
Chongqing
Eschborn
Guangzhou
Corona
Ismaning
Beijing
Milwaukee
Bitterfeld-Wolfen
Lianyungang
Chicago
Berlin
Hangzhou
Chlebovice
Ningbo
Opelika
Bremen
Hanwha is no stranger to global markets.
London
Diosd
Shanghai
Atlanta
Budapest
Qidong
Detroit
Athens
Franklin
Our network today includes 52 domestic affiliates
London (Ontario)
and 90 affiliates worldwide*. In recent years,
Forest
Moscow
Istanbul
we have begun to strategically establish or
acquire operations in key international markets
across a wide spectrum of
Tokyo
New York
growth fields ranging from financial services and
Mumbai
Cranbury
leisure properties to high-tech manufacturing,
embarking on a path that promises to make us
Nagasaki
Almaty
New Delhi
Sao Paulo
a global player in those fields
Seoul
Yangon
Saipan
Bangkok
Taipei
Manila
Samut Prakan
in the years ahead.
Selangor
Kuwait City
* As of December 31, 2012
Al Khobar
Kuala Lumpur
Singapore
Abu Dhabi
Sydney
Hanoi
Dubai
Ho Chi Minh
Johannesburg
Jakarta
Hong Kong
Phnom Penh
Major Overseas Subsidiaries & Affiliates
Americas
Brazil Hanwha Internacional (Trading)
Canada Hanwha L&C (HanStone® Quartz surfaces)
China
Canada Hanwha Q CELLS (Solar Downstream)
Beijing Hanwha China (China Headquarters of Hanwha Group)
Asia, Middle East and Oceania
USA Hanwha International (Trading)
Beijing Hanwha L&C (Auto parts)
Australia Hanwha Q CELLS (Sales and marketing)
USA Eagle Petroleum (Oil exploration and production)
Hangzhou Sino-Korea Life (Life insurance)
Japan Hanwha Q CELLS (Sales and marketing)
USA Hanwha Q CELLS (Solar Downstream)
Hong Kong Hanwha (H.K.) (Trading)
Japan Acropark Golf (Golf club and resort operation)
USA Hanwha SolarOne (Sales and marketing)
Lianyungang Hanwha SolarOne Technology (PV ingots, wafers)
Kazakhstan Seven Rivers Capital JSC (Securities brokerage)
USA Hanwha Solar America (R&D)
Ningbo Hanwha Chemical (PVC resin)
Malaysia Hanwha Chemical (Sales and marketing)
Qidong Hanwha SolarOne (PV cell, module and R&D)
Malaysia Hanwha Q CELLS (PV cell and R&D)
USA Universal Bearings (Needle rollers)
Europe & Africa
USA Hanwha America Development (Property development)
Czech Republic Hanwha L&C (Auto parts)
Shanghai Hanwha International (Trading)
Saipan World Corporation (Resort operation)
USA Hanwha L&C (HanStone® Quartz and Hanex® solid surfaces)
Germany Hanwha Europe (Trading)
Shanghai Hanwha Chemical Trading (Trading)
Singapore Hanwha International (Trading)
USA Hanwha L&C Alabama (Auto parts)
Germany Hanwha Q CELLS (PV cell, module, and R&D)
Shanghai Hanwha SolarOne Branch (Sales and marketing)
Saudi Arabia Hanwha Saudi Contracting (Engineering and construction)
USA Hanwha Azdel (Auto parts)
Germany Hanwha Q CELLS Berlin Rep. Office (Sales and marketing)
Shanghai Hanwha L&C (Auto parts)
Thailand Hanwha Chemical (Alkali soluble resin)
USA Hanwha Machinery America (Industrial furnaces)
Germany Hanwha SolarOne (Sales and marketing)
Shanghai Hanwha L&C Trading (Trading)
Vietnam Hanwha Life (Life insurance)
USA Hanwha Life Investment (Investment)
Hungary Hanwha Bank Hungary (Banking)
Shanghai Hanwha Investment & Consulting (Investment consulting)
Indonesia Multicor Life Insurance (Life insurance)
Global Network
44-45
Profile 2013
Profile
SERVICES & LEISURE
Global Directory
KOREA
MANUFACTURING &
CONSTRUCTION
Hanwha Corp.
www.hanwhacorp.co.kr
86, Cheonggyecheon-ro,
Jung-gu, Seoul, Korea
Tel: 82-2-729-1881
Fax: 82-2-752-3475
Hanwha Engineering &
Construction Corp.
www.hwenc.co.kr
Tel: 82-2-729-2255
Fax: 82-2-729-2302
Hanwha Chemical Corp.
hcc.hanwha.co.kr
Tel: 82-2-729-2700
Fax: 82-2-729-2999
Hanwha Q CELLS Korea Corp.
www.hanwhasolar.com
Tel: 82-2-729-2700
Fax: 82-2-729-3003
Hanwha L&C Corp.
www.hlcc.co.kr
Tel: 82-2-729-5700
Fax: 82-2-729-1461
Yeochun NCC Co., Ltd.
www.yncc.co.kr
Korea Chamber of Commerce &
Industry Building, 8th Floor
45 Namdaemunno 4-ga
Tel: 82-2-6050-2400
Fax: 82-2-6050-0888
Hanwha TechM Co., Ltd.
www.hanwhatechm.co.kr
59 Seongsan-dong
Seongsan-gu, Changwon
Gyeongsangnam-do, Korea
Tel: 82-55-280-8825
Fax: 82-55-280-4664
Hanwha Polydreamer Co., Ltd.
www.hwpd.co.kr
581, Gangnam-daero
Seocho-gu, Seoul, Korea
Tel: 82-2-3014-0500
Fax: 82-2-3014-0599
Dream Pharma Corp.
www.dreampharma.co.kr
Tel: 82-2-729-4115
Fax: 82-2-729-4127
Hanwha Energy Corp.
hec.hanwha.co.kr
Tel: 82-2-729-3099
Fax: 82-2-729-3063
Asan Techno Valley Co., Ltd.
www.hcd21.co.kr
15th Floor, Seyoung Building
1038-2 Ingye-dong, Paldal-gu
Suwon, Gyeonggi-do, Korea
Tel: 82-31-8014-7000
Fax: 82-31-8014-7009
Seosan Techno Valley Co., Ltd.
www.hcd21.co.kr
Tel: 82-31-8014-7000
Fax: 82-31-8014-7009
Gimhae Techno Valley Co., Ltd.
www.hcd21.co.kr
5th Floor, Jeongwu Building
1118-4 Nae-dong, Gimhae
Gyeongsangnam-do, Korea
Tel: 82-55-320-5700
Fax: 82-55-320-5709
Gyeonggi Hwaseong Bio Valley
Co., Ltd.
www.hcd21.co.kr
Tel: 82-31-8014-7000
Fax: 82-31-8014-7009
FINANCE
Hanwha Life Insurance Co., Ltd.
www.hanwhalife.com
50, 63-ro
Yeongdeungpo-gu, Seoul, Korea
Tel: 82-2-789-6114
Fax: 82-2-784-7217
Hanwha
General Insurance Co., Ltd.
www.hwgeneralins.com
23-5 Yeouido-dong
Tel: 82-2-316-0565
Fax: 82-2-316-8443
Hanwha Hotels &
Resorts Co., Ltd.
www.hwrc.co.kr
Tel: 82-2-729-3849
Fax: 82-2-729-3879
Hanwha Galleria Co., Ltd.
www.hanwhagalleria.co.kr
Hanwha Life Building
92, Sejong-daero
Tel: 82-2-410-7114
Fax: 82-2-414-0025
Hanwha Timeworld Co., Ltd.
Timeworld Store
1036 Dunsan 2-dong
Seo-gu, Daejeon, Korea
Tel: 82-42-480-5000
Fax: 82-42-480-5544
Hanwha 63 City Corp.
www.63realty.co.kr
50, 63-ro
Tel: 82-2-789-6363
Fax: 82-2-789-5678
Hanwha S&C Co., Ltd.
www.hsnc.co.kr
Tel: 82-2-729-2100
Fax: 82-2-729-1979
Hanwha Station
Development Co., Ltd.
www.hwsd.co.kr
122-11 Bongnae-dong 2-ga
Tel: 82-2-390-4000
Fax: 82-2-390-4004
Hancomm Inc.
www.hancomm.co.kr
Hanwha Life Building
92, Sejong-daero
Tel: 82-2-6366-8400
Fax: 82-2-6366-8401
Hanwha Eagles
Professional Baseball Club
www.hanwhaeagles.co.kr
Hanbat Sports Complex
373 Daejongro
Jung-gu, Daejeon, Korea
Tel: 82-42-630-8200
Fax: 82-42-632-2929
Hanwha Investment &
Securities Co., Ltd.
www.koreastock.co.kr
23-5 Yeouido-dong
Tel: 82-2-3772-7000
Fax: 82-2-3772-7099
Bugil Foundation
www.bugil.hs.kr
San 11-1, Sinbu-dong, Cheonan
Chungcheongnam-do, Korea
Tel: 82-41-520-8866
Fax: 82-41-520-8889
Hanwha
Asset Management Co., Ltd.
www.hanwhafund.com
50, 63-ro
Tel: 82-2-6950-0000
Fax: 82-2-6950-0009
CHINA
Hanwha Investment Co., Ltd.
www.hanwhainvestment.co.kr
50, 63-ro
Tel: 82-2-559-2699
Fax: 82-2-559-2609
Hanwha Savings Bank
www.hanwhasbank.com
139 Bucheonno, Wonmi-gu
Bucheon, Gyeonggi-do, Korea
Tel: 82-32-657-5000
Fax: 82-32-666-2320
Hanwha China
Beijing Kerry Center
South Tower, 10th Floor
1 Guanghua Road, Chaoyang
Beijing 100020, China
Tel: 86-10-6583-7777
Fax: 86-10-6517-7919
Hanwha (H.K.) Co., Ltd.
Unit2709, The Center
99 Queen’s Road, Central
Hong Kong
Tel: 852-2529-9325
Fax: 852-2529-4678
Hanwha International
(Shanghai) Co., Ltd.
RM 2405/2406
Manpo International Plaza
No 500 West Yan An Road
Chang Ning District
Shanghai 200052, China
Tel: 86-21-6217-0096
Fax: 86-21-3209-2312
Hanwha Chemical Trading
Dawning Center, East Tower
19th Floor, 500 Hongbaoshi Road
Changning, Shanghai 201103, China
Tel: 86-21-6278-5556
Fax: 86-21-6278-8728
Hanwha Chemical
(Ningbo) Co., Ltd.
No.55, Huandao North Road
Daxie Development Zone
Ningbo, Zhejiang 315812, China
Tel: 86-574-8675-1088
Fax: 86-574-8675-1067
Hanwha SolarOne
(Qidong) Co., Ltd.
www.hanwha-solarone.com
888 Linyang Road, Qidong
Jiangsu 226200, China
Tel: 86-513-8360-6248
Fax: 86-513-8360-6376
Hanwha SolarOne
Technology Co., Ltd.
No. 66 Dapu Road,
Lianyungang ECO. & TECH.
Development Zone, China
Tel: 86-518-8115-1158
Fax: 86-518-8115-1211
Hanwha L&C
(Beijing) Co., Ltd.
Zhongguancun Science Park
(East Sector) Changping Zone
4 Lixiang Road
Tel: 86-10-6073-5588
Fax: 86-10-6073-5459
Hanwha L&C
Jiading Industrial Zone
1201 Xingrong Road
Tel: 86-21-3996-3996
Fax: 86-21-3996-3911
Hanwha L&C Trading
Tel: 86-21-3252-2291
Fax: 86-21-3252-2298
Sino-Korea Life Insurance
Co., Ltd.
24th Floor, TowerA UDC Building8
Xin Ye Rd, QianJiangCBD
Hangzhou, China 310016
Tel: 86-571-85837888
Fax: 86-571-85838999
Hanwha Investment &
Consulting (Shanghai) Co., Ltd.
Jin Mao Tower, Suite 2006A
88 Century Avenue, Pudong
Tel: 86-21-5049-0860
Fax: 86-21-5049-0865
Hanwha Corporation
Beijing Representative Office
Beijing Kerry Center, South Tower
10th Floor, 1 GuangHuaRoad
Chaoyang District
Tel: 86-10-6583-7978
Fax: 86-10-6583-7999
Hanwha Corporation
Guangzhou Representative
Office
Room 1903, West Tower
Fortune Plaza, #114-118
Tiyudong Road, Guangzhou, China
Tel: 86-20-3893-1567
Fax: 86-20-3893-2760
Hanwha Life
Tokyo Representative Office
Hanwha Building, 9th Floor
10-1, Shiba 4-chome
Minato-ku, Tokyo 108, Japan
Tel: 81-3-5441-5906
Fax: 81-3-5441-5921
Hanwha Corporation
Chongqing Representative
Office
Room 403, 4th Floor
Fortune Center A Building
No.2 Fortune Road, YuBei District
Chongqing, China
Tel: 86-23-6768-2871
Fax: 86-23-6768-1627
SOUTHEAST ASIA &
MIDDLE EAST
Hanwha Chemical
Tel: 86-10-6583-7960
Fax: 86-10-6583-7957, 7959
Think Biotech (Cambodia)
Co., Ltd.
#24 St. 337 Sangkat Boeung Kak I
Khan Tuol Kork
Phnom Penh, Cambodia
Tel: 855-23-990-214
Fax: 855-23-990-215
Hanwha Chemical
Shanghai Representative Office
Tel: 86-21-6278-5556
Fax: 86-21-6278-8728
Hanwha Chemical
Guangzhou Representative Office
Fortune Plaza, West Tower
Suite 1905, 116-118 Tiyudong Road
Guangzhou, China
Tel: 86-20-3893-1553
Fax: 86-20-3893-1546
Hanwha SolarOne
Shanghai Branch
1199 Minsheng Road,
Building 1, Room 1801
Tel: 86-21-3852-1596
Fax: 86-21-3852-1668
Hanwha TechM
Tel: 86-21-6209-9558
Fax: 86-21-6208-4752
Hanwha Life
Tel: 86-10-6583-7921
Fax: 86-10-6583-7925
Hanwha Investment & Securities
Jin Mao Tower, Suite 2007
88 Century Avenue, Pudong
Tel: 86-21-5049-0866
Fax: 86-21-5049-0869
JAPAN
Hanwha Q CELLS Japan Co., Ltd.
Hanwha Bldg. 8F, 10-1
Shiba-4 chome, Minato-ku
Tokyo 108, Japan
Tel: 81-3-5441-5900
Fax: 81-3-5441-5921
Acropark Golf Corp.
Tonegou 95, Kinkaitso, Nagasakisi
Nagasakiken, Japan
Tel: 81-95-884-3737
Fax: 81-95-884-2535
Hanwha International (S) Pte.
Ltd.
4 Shenton Way
#15-05/06 SGX 2 Center
Singapore 068807
Tel: 65-6227-3139
Fax: 65-6227-9337
Hanwha
Saudi Contracting Co., Ltd.
P.O. Box 31156, 31952
Eastern Cement Tower, Suite 506
King Fahd Road
Khobar-Dammam Highway
Al-Khobar, Saudi Arabia
Tel: 966-3-881-2193
Fax: 966-3-881-2199
Hanwha Chemical
Malaysia Sdn. Bhd.
Suite No 22.04, Level 22, Menara
Citibank 165, Jalan Ampang, 50450
Kuala Lumpur, Malaysia
Tel: 60-019-228-1601
Hanwha Chemical
(Thailand) Co., Ltd.
www.hanwhath.com
377 Moo 17, Bangna-Trad Road
Bangsaothong, Bangsaothong
Samut Prakan 10540, Thailand
Tel: 66-2-315-3204
Fax: 66-2-315-3591
Hanwha Q CELLS
Malaysia Sdn. Bhd.
Lot 1, Jalan SP 2, Seksyen 2
Selangor Science Park 2, 63300
Cyberjaya, Selangor, Malaysia
Tel: 60-3-83-15-00-00
Fax: 60-3-83-20-26-60
Hanwha Q CELLS
Australia Pty. Ltd.
Level 2, 56 Berry Street
North Sydney, NSW 2060, Australia
Tel: 61-2-9455-0017
Fax: 61-2-9455-0873
Hanwha Life Insurance
Vietnam Ltd.
Fideco Tower, 14th Floor
81-85 Ham Nghi Street
Dist. 1, Ho Chi Minh City, Vietnam
Tel: 84-8-3914-9100
Fax: 84-8-3914-9101
PT. Multicor Life Insurance
Ratu Plaza, Jl. Jend. Sudirman Kav.
9, Jakarta Pusat 10270, Indonesia
Tel: 62-21-8378-0882
Fax: 62-21-8372-0883
Seven Rivers Capital JSC
Nurly Tau Business Center
Building 1V, 4th Floor, Suite 403
13 Al-Farabi Avenue
Almaty 050059, Kazakhstan
Tel: 7-727-311-1065
Fax: 7-727-311-1076
Hanwha Corporation
Taipei Representative Office
8F-4, 207, Tun-Hwan Road
Taipei, Taiwan
Tel: 886-22-547-3355
Fax: 886-22-546-9955
Hanwha Corporation
Thailand Representative Office
Suite No.106, 10th Floor
Lake Rajada Office Complex
193/38 Rachadapisek Road
Klongtoey, Bangkok 10110, Thailand
Tel: 66-2661-9471~2
Fax: 66-2661-9263
Hanwha Corporation
Yangon Representative Office
Myawaddy Bank Complex Tower<B>
Rm. B-502 No. 151
Corner of Wartan Rd. & Bo Gyoke
Aung San Rd. Lanmadaw Township
Yangon, Myanmar
Tel: 95-1-230-1350
Hanwha Corporation
Jakarta Representative Office
S.Widjojo Building 9th Floor
JL.Jend. Sudirman 71
Jakarta 12190, Indonesia
Tel: 62-21-520-5815
Fax: 62-21-520-5810
Hanwha Corporation
Ho Chi Minh Representative Office
Saigon Riverside Office Center
15th Floor, Room 1504 2A-4A Ton Duc
Thang St., Dist.1., HCMC, Vietnam
Tel: 84-8-3822-7301
Fax: 84-8-3822-7302
Hanwha Corporation
Manila Representative Office
168 Golden Rock Bldg.
4th Floor Unit 4022 168 Salcedo St.
Legaspi Village, Makati City
Philippines 1229
Tel: 63-2-840-1330
Fax: 63-2-893-9482
Hanwha Corporation
Almaty Representative Office
Room 48, 10th Floor
4a Nurly-Tau business center,
7 Alfarabi Prospect
Almaty, Kazakhstan, 050059
Tel: 7-727-311-0273, 0274
Fax: 7-727-311-0275
Hanwha Corporation
Dubai Representative Office
2401, JBC-5 Building, Cluster W
Jumeirah Lakes Towers (JLT)
PO Box 478381, Dubai, UAE.
Tel: 971-4-360-2936
Hanwha Corporation
Iran Office
No.6, 7th Floor. Sayeh Building
Valiasr St., Tehran, Iran
Tel: 98-21-2204-4274
Hanwha Corporation
Mumbai Liaison Office
N0.35, 3rd Floor, Maker Chamber III
Nariman Point, Mumbai, 400 021
Tel: 91-22-2204-3720
Fax: 91-22-2204-3719
Hanwha E&C Abu Dhabi
Representative Office
Blue Tower, Block-B
Mezzanine 5&6 Floors
Muroor Road, Abu Dhabi, UAE
Tel: 971-2-643-1003
Fax: 971-2-643-1004
Hanwha E&C
Kuwait Representative Office
Al-Madeena Tower 2, 23rd Floor
Plot 42, Block 11
Fahed Al-Salem Street, Qibla
Kuwait City, Kuwait
Tel: 965-2291-5601~3
Hanwha E&C
Iraq Representative Office
Kud Gate, Highway No. 7,
Bismayah, Baghdad, Iraq
Tel: 82-2-729-4972
Hanwha Chemical
New Delhi Liaison Office
Surya Kiran Building, Suite 806
#19, Kasturba Gandhi Marg
New Delhi 110001, India
Tel: 91-11-4308-5500
Fax: 91-11-4308-5555
AMERICAS
Hanwha International LLC
2559 Route 130
Cranbury, NJ 08512, USA
Tel: 1-609-655-2500
Fax: 1-609-655-0711
Eagle Petroleum LLC
Triangle Building, Suite 220
5201 California Avenue
Bakersfield, CA 93309, USA
Tel: 1-661-873-4684
Fax: 1-661-873-4689
Hanwha Internacional
do Brasil Ltda.
Centro Profissional Shopping
Morumbi Av Roque Petroni Junior
1089 Conj-1003 Sao Paulo-SPCep:04707-000
Tel: 55-11-3033-5940
Fax: 55-11-3033-5950
Hanwha L&C Alabama LLC
www.hanwhacomposites.com
4400 North Park Drive
Opelika, AL 36801, USA
Tel: 1-334-741-7725
Fax: 1-334-741-7796
Hanwha TechM
Hungary Co., Ltd.
MGM Co., Ltd., Gyar u. 2
Diosd 2049, Hungary
Tel: 36-23-546-301
Fax: 36-23-382-822
Hanwha L&C Canada Inc.
2860 Innovation Drive
London, Ontario N6M 0C5, Canada
Tel: 1-519-451-6600
Fax: 1-519-457-9641
Hanwha Bank
Hungary Co.,Ltd.
www.hanwhabank.hu
Rakoczi ut 1-3
Budapest 1088, Hungary
Tel: 36-1-429-9400
Fax: 36-1-429-9402
Hanwha Azdel Inc.
2000 Enterprise Drive
Forest, VA 24551, USA
Tel: 1-434-386-4055
Fax: 1-434-385-6532
Hanwha Machinery America
Inc.
9750 South Oakwood Park Drive
Franklin, WI 53132, USA
Tel: 1-414-421-2300
Fax: 1-414-421-2380
Hanwha Life Investment
(America) Ltd.
575 Lexington Avenue, Suite 2860
New York, NY 10022, USA
Tel: 1-212-308-7501
Fax: 1-212-308-7502
World Corporation
P.O. Box 500066
Saipan, MP 96950, USA
Tel: 1-670-234-5900
Fax: 1-670-234-5909
Hanwha TechM
Milwaukee Representative
Office
9750 Oakwood Park Drive
Franklin, WI 53132, USA
Tel: 1-262-373-1600
Fax: 1-262-373-1111
Universal Bearings LLC
www.univbrg.com
431 North Birkey Drive
Bremen, IN 46506, USA
Tel: 1-574-546-2261
Fax: 1-574-546-5085
Hanwha TechM
Detroit Representative Office
1407 Allen Drive, Suite F
Troy, MI 48083, USA
Tel: 1-248-588-1242
Fax: 1-248-588-1246
Hanwha America
Development Inc.
225 N. Columbus Drive, Suite 100
Chicago, IL 60610, USA
Tel: 1-312-469-8093
Fax: 1-312-255-8280
Hanwha Life
New York Representative Office
575 Lexington Avenue, Suite 2860
New York, NY 10022, USA
Tel: 1-212-308-7501
Fax: 1-212-308-7502
Hanwha Q CELLS USA Corp.
8001 Irvine Center Drive, Suite 1250
Irvine, CA 92618, USA
Tel: 1-949-748-5996
Fax: 1-949-748-5974
96 Federal Street, 2nd Floor
San Francisco, CA 94107, USA
Tel: 1-415-541-9300
Fax: 1-415-541-9301
EUROPE
Hanwha Europe GmbH
www.hanwha.de
Mergenthalerallee 79-81
65760 Eschborn, Germany
Tel: 49-6196-5016-0
Fax: 49-6196-5016-90
Hanwha Solar America LLC
2424 Walsh Avenue
Santa Clara, CA 95051 USA
Tel: 1-408-841-4161
Fax: 1-408-841-4162
Hanwha Q CELLS GmbH
www.q-cells.com
Sonnenallee17-21
06766 Bitterfeld-Wolfen, Germany
Tel: 49-3494-6699-0
Fax: 49-3494-6699-199
Hanwha SolarOne USA Inc.
2424 Walsh Avenue
Santa Clara, CA 95051, USA
Tel: 1-408-841-4175
Fax: 1-408-841-4162
Hanwha SolarOne GmbH
Oskar Messter Strasse 13
85737 Ismaning, Germany
Tel: 49-89-2175-667-30
Fax: 49-89-2175-667-399
Hanwha Q CELLS Canada Inc.
2860 Innovation Drive London
Ontario N6M 0C5, Canada
Tel: 1-519-457-8325
Fax: 1-519-457-9641
Hanwha L&C Czech s.r.o.
www.hanwhacz.cz
Příborská 280, Frýdek-Místek
Chlebovice 739 42, Czech Republic
Tel: 420-552-304-615
Fax: 420-595-178-280
Hanwha L&C USA LLC
2839 Paces Ferry Road, Suite 200
Atlanta, GA 30339, USA
Tel: 1-770-431-6112
Fax: 1-770-431-6135
Hanwha Life London
Representative Office
City Tower, Level 8
40 Basinghall Street
London EC2V 5DE, UK
Tel: 44-207-826-4020
Fax: 44-207-7826-4029
Hanwha Europe
Warsaw Representative Office
Curtis Plaza 18 Wolska Str., 02-675
Warsaw, Poland
Tel: 48-660-282-940
Fax: 48-660-700-810
Hanwha Europe
Istanbul Representative Office
General Ali Rıza Gürcan Cd.
Merter İş Merkezi No.2 Ofis:48
Merter - İstanbul, Turkey
Tel: 90-212-481-4271
Fax: 90-212-482-7987
Hanwha Corporation
Athens Representative Office
Rizariou 2A and Mikras Asias 66
Chalandri, 15233, Athens, Greece
Tel: 30-210-685-8280
Fax: 30-210-685-8240
Hanwha Europe
Budapest Representative Office
Dayka Gabor U.3 Rubin Business
Center, Room204, 1118
Budapest, Hungary
Tel: 36-1-319-3236
Fax: 36-1-319-3234
Hanwha Corporation
Moscow Representative Office
Leninsky Prospekt 113 / 1
Park Place Business Center
Office 212D
Moscow 117198, Russia
Tel: 7-495-662-3001, 3002
Fax: 7-495-662-3003
Hanwha Q CELLS
Berlin Representative Office
Lorenzweg 5, 12099
Berlin, Germany
Tel: 49-3493-6699-0
Fax: 49-3494-6699-23000
AFRICA
Hanwha Corporation
External Profit Company
(Johannesburg)
Grayston Office Park, Block 5
128 Peter Road,
Sandown 2196 Johannesburg
Republic of South Africa
Tel: 27-11-326-5100
Fax: 27-11-326-5102
46-47
Profile 2013
Profile
Jan. 2000 Acquired Dongyang Department Store (currently Hanwha Timeworld)
Mar. 2000 Established Hanwha Venture Capital
History
Oct. 2000 Held 1st Seoul International Fireworks Festival
Mar. 2001 Established Daedeok Techno Valley
Dec.2001Hanwha Corp. acquired Daewoo Electronics’ defense industry unit
(currently Gumi plant)
Dec.2002 Acquired Korea Life Insurance (currently Hanwha Life), Shindongah
Businesses
Fire & Marine Insurance (currently Hanwha General Insurance), and
63 City (currently Hanwha 63 City)
Oct. 1952 Founded as Korea Explosives (currently Hanwha Corp.)
Oct. 1955 Acquired explosives factory in Incheon
May 2003 Sold stake in FAG-Hanwha Bearings to a joint venture
Jun. 1959Localized production of explosives
May 2004 Hanwha L&C plant completed in Beijing
May 2005 Sold stake in Korea Independent Energy Corporation to Posco
Aug.2005 Hanwha Life subsidiary established in New York
Jan. 1964 Acquired Shinhan Bearing Industrial
Apr. 2006 Hanwha E&C subsidiary established in Saudi Arabia
Aug.1965 Established Korea Hwasung Industrial
May 2006 Hanwha L&C plant completed in Alabama, USA
Jul. 2006 Established Asan Techno Valley
(currently Hanwha Chemical and Hanwha L&C)
Jul. 1966 Established Taepyung Trading
Aug.2006 Hanwha L&C plant completed in Shanghai
Feb. 2007 Established Seosan Techno Valley
(currently Hanwha Corp. Trading Division)
Sep.1968 Acquired Cheil Fire & Marine Insurance
Nov.2007 Hanwha L&C acquired Azdel, Inc. of the USA
Nov.1969 Established Kyungin Energy
Feb. 2008 Hanwha Investment & Securities established Hanwha Investment &
Consulting (Shanghai) Co. Ltd.
Jun. 2008 Hanwha General Insurance acquired First Fire & Marine Insurance
Dec.1972 Established Hankook Plastics Industrial
Nov.1973 Established Taepyung Development
(currently Hanwha Hotels & Resorts)
Sep.1974 Established Union Polymer (currently Hanwha Polydreamer)
May 1975Established Bugil Foundation May 1976 Acquired Sungdo Securitie
(currently Hanwha Investment & Securities)
Aug.1981 Seung Youn Kim appointed second Hanwha chairman
Dec.1982 Took control of Hanyang Chemical and Dow Chemical Korea
Dec.1983 Established Samhee Communications (currently Hancomm)
Dec.1985 Acquired Junga Group (currently Hanwha Hotels & Resorts)
Mar. 1986 Founded Bingrae Eagles (currently Hanwha Eagles)
Sep.1986 Acquired Hanyang Stores (currently Hanwha Galleria)
May 1988 Hankook Plastics Industrial merged into Hanyang Chemical
Jun. 2008Held the 1st Hanwha Chairman’s Cup National Shooting Championship
Nov.2008 Opened the new Hanwha Human Resources Development Center
Apr. 2009 Hanwha Life launched operations in Vietnam
Manufacturing
&
Construction
Aug.2009 Hanwha L&C plant completed in Canada
Oct. 2009 Hanwha L&C plant completed in Czech Republic
Dec.2009 Daedeok Techno Valley completed
Dec.2009 Consolidated Hanwha General Insurance launched
Jan. 2010 Established Gyeonggi Hwaseong Bio Valley
Jan. 2010 Consolidated Hanwha Hotels & Resorts launched
Mar. 2010Hanwha Life listed on stock market
Finance
Jun. 2010Hanwha Investment & Securities acquired Prudential Investment &
Securities and Prudential Asset Management
Aug.2010 Acquired 49.99% equity stake in Solarfun Power Holdings of China
Dec.2010Opened Galleria Center City in Cheonan, Korea
Jan. 2011 Solarfun Power Holdings renamed Hanwha SolarOne
Jan. 2011 Launched Hanwha Golf Team
Oct. 1992 Korea Explosives Group renamed Hanwha Group
Dec.1995 Acquired Central Pharmaceutical (currently Dream Pharma)
Jan. 1996 Acquired Hungary’s Endo-Suez Budapest Bank
(currently Hanwha Bank Hungary)
Mar. 1997 Founded Bugil Girls’ High School
Dec.1997 Sold Hanwha BSF Urethane to BSF of Germany
Oct. 1998 Established FAG-Hanwha Bearings
Aug.1999Sold Hanwha Energy’s oil refinery unit and Hanwha Energy Plaza to Hyundai Oil Refinery
Oct. 1999 Hanwha Eagles won the Korean Professional
Baseball Championship Series
Dec.1999 Established Yeochun NCC
Feb. 2011 Hanwha Chemical Ningbo PVC plant launched
commercial operations
Mar. 2011 Established Hanwha Solar America
Apr. 2011 Established Hanwha SolarEnergy (currently Hanwha Q CELLS Korea)
May 2011 Announced new core values of challenge, dedication, and integrity
Jun. 2011 Established Hanwha China in Beijing
Sep. 2011Hosted the 2011 KLPGA Hanwha Finance Classic
Sep. 2011Consolidated Hanwha Asset Management launched
Seb. 2012 Hanwha Investment & Securities formed by merging
Hanwha Securities and Hanwha Investment & Securities
Oct. 2012
Korea Life Insurance changed name to Hanwha Life
Oct. 2012
Launched Hanwha Q CELLS by acquiring a German company
called Q.CELLS
Nov. 2012 Launched Hanwha Energy by merging the Yeosu Cogeneration
Plants and the Gunjang Cogeneration Plant
Dec. 2012 Sino-Korea Life, a joint venture of Hanwha Life and Zhejiang International Business Group, began operations
Mar. 2013 Hanwha SolarEnergy changed its name to Hanwha Q CELLS Korea
Services
&
Leisure
48-49
Profile 2013
Businesses
Manufacturing
&
Construction
Yeochun NCC
Manufacturing &
Construction
50-51
Profile 2013
Manufacturing &
Construction
Businesses
Profile &
Outlook
We’re committed to invest in tomorrow’s
technologies for the sustainable
quality growth of mankind.
’s manufacturing and construction businesses are
, a leading, global photovoltaic module
driving a new wave of quality growth by developing key tech-
manufacturer, is also concentrating on developing advanced
nologies that will power tomorrow’s high-tech growth industries.
ingots and cells technologies in the upstream and strengthen-
As the parent company of the
ing its module and systems R&D capabilities in the midstream
Group,
has played a key role in facilitating
’s
remarkable global growth. Leveraging its six decades of expertise in the development and manufacturing of explosives
for industrial and military applications, the company is diversifying its product portfolio, including precision weapon systems,
aerial/land/underwater unmanned vehicles, and specialized
industrial explosives for mining sites. At its trading division,
is heavily focusing on investing in commodities and mining, making foreign direct investments, and
forming strategic alliances with key global players in trading.
continues to enjoy out-
efforts were rewarded in 2012 when the company’s modules
passed the “Long-Term Sequential Test” conducted by TÜV
Rheinland.
(formerly Hanwha So-
larEnergy) completed the 2.24 MW rooftop solar power plant,
Korea’s largest at the time, in 2011 and is currently pursuing
solar power projects in North America, Europe, and Asia.
The launch of
strengthened
industry.
in 2012 has significantly
’s competitiveness in the photovoltaics
became the world’s third-largest cell pro-
ducer by adding Q CELLS’ 1.0 GW cell production capacity
to
’s existing annual cell production capac-
ity of 1.3 GW.
technology and mutual trust with its partners. In Korea, the
grated services from R&D to production and system installa-
provides a full array of inte-
company is leading the construction in architecturally inspired
tion.
modern style with advanced amenities by building over 43,000
Germany and Malaysia, and subsidiaries in the United States,
residential units across the nation. It is also building a solid
Australia, Canada, and Japan.
contracts from public sector projects, plants to commercial
buildings in Korea. Overseas, the company is winning orders
for chemical and power plants, particularly with major success
in the Middle East. One prominent example includes the signing of a formal contract in May 2012 for a USD 8 billion new
city development project in Bismayah, Iraq.
is heavily investing in renewable energy
and biopharmaceuticals as its next growth engine. The company’s biopharmaceuticals business completed the development and clinical trials of HD203, an antibody biosimilar for
the treatment of rheumatoid arthritis. The company is also
opening a new production site for antibody medications in the
Osong Life Sciences Complex. Led by
,a
joint venture plant in Saudi Arabia, scheduled for completion
by 2013, will produce EVA, low-density polyethylene, and wire
and cables to meet the rising demand in the Middle East.
Designed to operate at a long
distance from its operator and
within 100 meters of its target,
this small unmanned robot
performs precision surveillance
and reconnaissance operations
through a remote control.
segment of the solar value chain. The company’s dedicated
standing growth both domestically and globally, based on its
pipeline of projects by winning a broad range of construction
Smart
Surveillance
Robot
has an R&D center and plants in
recently completed the construction of facilities
at its G-Tech Eumseong Plant for EVA sheet and advanced
electronic materials production. The company is actively investing in key high value-added technologies. Examples include
advanced electronics, lightweight automotive, and eco-friendly construction materials.
Autonomous
Underwater
Vehicles
Equipped with functions to
conduct reconnaissance in open
seas and at sea beds near ports,
these autonomous underwater
vehicles can also search for and
remove underwater mines and
draw detailed bathymetric maps.
52-53
Profile 2013
Manufacturing &
Construction
Businesses
EVA
Resin
Traditionally used in packaging
applications, value-added EVA resin
with a vinyl acetate monomer content of
15% to 40% is now used to make solar
modules and coatings.
XLPE
Cable
Compound
Solar
Cells &
Modules
Widely used in power
transmission cables, our crosslinked polyethylene is designed
for reliable insulation in extrahigh-voltage applications.
Hanwha Q CELLS boasts the world’s highestquality cells and modules. Its solar system
stabilization technologies, such as Anti-PID
and Hot Spot Protection, lead the industry in
terms of efficiency, safety, and reliability.
HD203
Biosimilar
Projected to be the industry’s first
commercialized Enbrel biosimilar,
HD203 will provide rheumatoid
arthritis treatment at a more
affordable price for millions of
patients worldwide.
54-55
Profile 2013
Ningbo
PVC
Plant
Businesses
Completed in 2010,
the 300,000-mtpy plant is targeting
the Chinese PVC market with
high-quality and cost-competitive
products.
Manufacturing &
Construction
56-57
Profile 2013
Manufacturing &
Construction
Businesses
GMT
Auto
Parts
Ideal for auto parts, glass fiber
mat-reinforced thermoplastic is
a lightweight composite material
with hardness comparable to
cold-rolled steel.
Nutrunners
HanStone®
Quartz
Surfaces
Composed of 99%
natural quartz, eco-friendly
HanStone® Quartz surfaces
are designed to last a lifetime.
Designed to automate the assembly
process of transmissions and
subassemblies, these precision
machines are guaranteed to meet
optimal torque requirements.
58-59
Profile 2013
Businesses
Manufacturing &
Construction
Headquarter
Plant
Supplying markets worldwide,
the Qidong plant has its
production capacities of cells
and modules to 1.3 GW and
1.5 GW respectively.
Hanwha Q CELLS provides customers
and partners with a wide range of total
solutions for the PV industry, from the
production of cells and modules to the
construction of photovoltaic power plants.
Its R&D Center in Germany leads the
world in advanced cell architecture and
production process technologies.
60-61
Profile 2013
Manufacturing &
Construction
Businesses
www.hanwhacorp.co.kr
Major Businesses
Manufacturing: Explosives, defense equipment, auto parts
Trading: Petroleum, petrochemicals, metals, chemicals,
machinery, general merchandise, resource development
www.hwenc.co.kr
2012 Total Sales USD 4,654 million
Major Businesses
Civil works, industrial plants, commercial projects,
residential complexes, project development
2012 Total Assets USD 5,595 million
Group. Founded in 1952, the company has grown over the
past six decades into a diversified manufacturing and trading
firm serving the global marketplace.
The company’s manufacturing division began to shape up
when it succeeded in the localized production of nitroglycerin and dynamite in 1959. This enabled the company to
emerge as Korea’s leading supplier of industrial explosives
for construction, demolition, cladding (a process of bonding
different metals by high pressure from explosion), fireworks,
fire-suppression systems, and other applications. The company has expanded its market presence in key emerging
Major Businesses
Synthetic Resin, inorganic chemicals, photovoltaics,
biopharmaceuticals, nanotechnology
Major Businesses
Solar cell and module production, solar system solutions
Originally founded in 1999,
a member of the
is one of Asia’s leading chemical produc-
Capitalizing on its extensive experience and technologies in
every area of construction,
www.q-cells.com
is rapidly growing
into a global player at an annual average growth rate of 20%
since 2002.
ers. Founded in 1965,
was the first com-
pany in Korea to localize the production of polyvinyl chloride
(PVC), low-density polyethylene (LDPE), linear low-density
polyethylene, and chlor alkali. The company has played a key
role in the nation’s industrial development over the past four
has also become a prominent leader in hous-
decades. In recent years, the company has made strategic
ing construction, building more than 40,000 “Dream & Green”
investments to meet growing demands in key overseas mar-
prestige apartments throughout Korea and a series of “Gal-
kets, completing a PVC plant with an annual production ca-
leria Forêt” luxury high-rise commercial and residential buildings
pacity of 300,000 tons in China and an alkali solution resin
in Seoul. Another major project is the
Dream & Green
plant with an annual production capacity of 16,500 tons in
Incheon EcoMetro, the nation’s largest urban development
Thailand, and constructing an ethylene vinyl acetate, LDPE,
project to date, consisting of about 12,000 residential units.
wire & cable plant in Saudi Arabia through a joint-venture.
markets such as Indonesia and Vietnam, and it is now seek-
became the first Korean contractor to be li-
Today, the company is investing heavily in renewable energy,
ing new growth in Central Asia, Central and South America,
censed to build private-sector water treatment plants, after
biopharmaceuticals, and nanotechnology to fuel its future
Africa, and Australia.
developing the nation’s first advanced membrane filtration
growth as a leading global chemical company. In anticipation
As one of the key private sector participants in the Korean
water treatment technology. In addition, it is developing
of the surging growth in demand for photovoltaics, the com-
building-integrated photovoltaics and zero-emission solar
pany completed its polysilicon plant in 2013, and is scheduled
housing technologies.
to begin the commercial production of polysilicon in 2014,
government’s defense industrialization program,
has supplied explosives and control systems.
with an annual production capacity of 10,000 metric tons.
The company is now developing small unmanned aerial/land/
Globally, the company is winning contracts for the construc-
underwater vehicles. Through internal R&D programs and
tion of power and petrochemical plants in the Middle East
In the area of biopharmaceuticals, the company completed
external collaboration with leading payers in the industry, the
and North Africa and developing large-scale real estate proj-
the development and clinical trials of HD203, a therapeutic
company will continue to maintain its leadership as a major
ects in the Americas.
has won a USD 1.25
antibody biosimilar for rheumatoid arthritis. The commercial-
defense company in Korea, leading the development of future
billion EPC order for the Yanbu II power and water project in
ization of HD203 is now scheduled for 2013. The company
advanced weapons systems.
Saudi Arabia during the first half of 2011, and the company
is also aggressively investing in carbon nanotube, graphene,
was also awarded in November 2012 a USD 600 million ma-
and other application materials.
The trading division within
is
’s global sales infrastructure with a network of twelve
subsidiaries and nineteen offices in key markets around the
globe. From raw materials to finished goods, the company
rine terminal construction project from Saudi Aramco, the
world’s biggest oil producer. In May 2012, the company also
Group in October 2012. With its
provides its clients a full solution across the photovoltaics
value chain.
In addition to its annual cell production capacity of 1.0 GW
from plants in Germany and Malaysia,
also offers a wide range of experience and expertise in solar
system solutions, including the engineering, procurement,
and construction of solar power systems. It will play a significant role in
sources and delivers world-class value in a wide variety of
approximately 100,000 homes in Iraq.
fields encompassing oil, petrochemicals, steels, chemicals,
After a series of successful winning orders since 2008,
meats, grains, paper, heavy equipment and precision machin-
was ranked 101st in the 2012 Top Global Con-
ery among others. The company continues to expand its pres-
tractors List compiled by Engineering News-Record. The
ence strategically across the entire value chain as it positions
company will continue to focus on enhancing its competitive-
itself for even greater global growth in the decades to come.
ness in its core business operations, including public infrastructure, and redevelopment and reconstruction projects in
’s goal to complete its vertical integra-
tion in the photovoltaics business, combining with
’s polysilicon business,
’s mod-
ule business, and
’s power gen-
eration business.
The launch of
makes
the world’s
third-largest photovoltaics player, with an annual cell production capacity of 2.3 GW, consisting of 1.0 GW from its plants in
Germany and Malaysia and 1.3 GW from
’s
plant in China.
’ R&D Center in Germany features world’s
leading competitiveness with its Q.ANTUM high-powered cell
technology along with other advanced cell technologies such
as anti-PID and hot spot protection. In addition,
,
’s advanced research institute in
Silicon Valley, develops disruptive high-value-added cell architectures.
is committed to sustain and further
strengthen its technology leadership by leveraging its global
photovoltaics R&D network that consists of facilities in the
United States, Germany, China, Malaysia, and Korea.
signed a contract in late 2012 to
signed a contract for a USD 8 billion new city project to build
Korea and overseas.
recently became
wide array of world’s leading technologies,
is the parent company of
hcc.hanwha.co.kr
supply modules to an 82 MW project, Japan’s largest photovoltaics power plant, developed by Marubeni Corp. The
first module shipment began in February 2013, further strengthening
’ global presence and quality.
62-63
Profile 2013
Manufacturing &
Construction
Businesses
Yeochun NCC
www.hanwha-solarone.com
www.hanwhasolar.com
www.hlcc.co.kr
www.yncc.co.kr
Major Businesses
PV ingots/wafers, cells, modules, EPC/ total solutions
2012 Total Assets USD 1.5 billion
2012 Total Sales USD 59 million
Major Businesses
Composite lightweight automotive materials, electronic
materials, photovoltaics materials, decorative materials,
construction materials
Major Businesses
Petrochemical feedstock production
2012 Total Sales USD 590.4 million
Major Businesses
Solar power plant development, construction,
operation, and maintenance
2012 Total Assets USD 154 million
is a leading global manufacturer of PV
crystalline modules for residential, commercial, and utility-
(formerly Hanwha SolarEnergy)
scale projects with a module production capacity of 1.5 GW
is the leading company in the downstream segment of
is now in the process of transforming itself into
’s global solar power business. Founded in April
a global manufacturer of high-tech materials. Founded in 1965,
affili-
2011, the company aims to become a global leader in the
the company develops and supplies global automakers with
acquired a 49.99%
solar downstream, delivering integrated solar power plant
a variety of interior and exterior auto components made from
solutions encompassing development, construction, and
lightweight materials such as glass fiber mat-reinforced ther-
operation.
moplastic (GMT), lightweight reinforced thermoplastic (LWRT),
as of 2012.
Established in 2004, the company became a
ate in 2010, when
equity stake.
As a
affiliate, the company plays a key role in
and expandable polypropylene (EPP).
’s efforts to build a vertically-integrated solar value
The company completed the 2.24 MW rooftop solar power
chain, covering the midstream of ingots to cells and modules.
plant, Korea’s largest at the time, in November 2011. It plans
Since its acquisition of US-based thermoplastic composite
A leading provider of solar energy solutions in its own right,
to pioneer new economical and sustainable solar downstream
maker Azdel in 2007, the company has strengthened its posi-
the company is closely collaborating with
applications by building solar power plants, utilizing idle lands
tion as a global materials and components supplier to leading
such as drainage pump stations, water sewage works, and
automakers by establishing subsidiaries in the United States,
wastelands among others.
China, and Czech Republic.
Developing solar power generation projects is an active
The company’s electronic materials business has grown sig-
global pursuit spanning North America, Europe, and Asia.
nificantly within
world to pass the very stringent “Long-Term Sequential Test”
For example, the company signed an agreement with Marti-
the flexible copper clad laminate (FCCL) technology and its
conducted by TÜV Rheinland of Germany, a widely-respect-
fer Solar to build a large-scale 17.6 MW solar power plant in
production, along with the tremendous growth of the electron-
ed third-party organization that certifies the quality and reli-
Lisbon, Portugal in May 2012.
ics industry in Korea. In 2012, the company entered the touch
ability of solar modules.
According to the terms of the partnership,
, the US-based R&D center, and
to grow
’s solar power generation business
in North America, Europe, and beyond.
is the second PV manufacturer in the
since it successfully localized
screen panel market, and it is now supplying key components
such as ITO (Indium Tin Oxide) glass and ITO film for smart
signed an agreement
will provide a full turnkey solution including engineering,
to supply modules for a 155 MW project in South Africa, the
procurement, construction, operations and maintenance for
largest-ever module export contract in the company’s his-
the project. With the completion of the project at the end of
has also localized the production of EVA (Eth-
tory. South Africa is one of the key newly-emerging markets
2012, the plant will supply about 33 GWh of electricity on an
ylene Vinyl Acetate) sheets for photovoltaic module encapsu-
where the company is active. It was also designated by GTM
annual basis, enough to power 8,800 households. The com-
lation and is now investing to expand production capacity to
Research, the United States market research firm, as one of
pany is also pursuing other local partnerships and project
100,000 tons on an annual basis by 2020, as it aims to become
the eight companies likely to survive and lead the industry in
acquisition opportunities to sustain its competitive advantage
a top-3 global player in the field.
2015 when the solar business is expected to re-emerge as
around the world.
a thriving industry.
By leveraging
In December 2012,
mobile devices.
In the construction materials business, the company operates
’s fully vertical value-chain from poly-
silicon production to solar power plant construction,
will provide optimal solutions to diverse energy challenges. The company plans to build more than 200
MW of solar power production each year to become a global leader in the solar power industry.
plants in Korea and Canada to produce HanStone® Quartz
surfaces for domestic and North American markets.
Yeochun NCC operates the world’s leading naphtha cracking
facility in the Yeosu National Industrial Complex on the southern tip of the Korean peninsula. Established in 1999 from the
merger of naphtha cracking facilities owned by
and
Daelim, this highly competitive 50:50 joint venture produces
1.91 million tons of ethylene, 970,000 tons of propylene, and
2.32 million tons of various petrochemical feedstocks including benzene, toluene, xylene, styrene monomer, and butadiene each year.
With fully automated and optimized production processes of
high-purity feedstocks, the state-of-the-art facility provides
affiliates a competitive edge to produce high-quality downstream petrochemical products.
64-65
Profile 2013
Manufacturing &
Construction
Businesses
www.hanwhatechm.co.kr
www.hwpd.co.kr
hec.hanwha.co.kr
www.hcd21.co.kr
Major Businesses
Industrial furnaces, factory automation systems,
machine tools, solar and rechargeable batteries, aviation
components
Major Businesses
PVC coated fabrics, packaging materials,
masterbatch and compounds, smart window
Major Businesses
Steam and electricity generation
Major Businesses
Real estate development
Project value USD 301 million
is a mixed-use residential-industrial
provides a stable supply of high-quality
complex development in Seosan, Korea. The development
is a major Korean maker of PVC
electricity and ultra-high-pressure steam to companies in the
project began in 2007 by
founded in 1953 as a small industrial bear-
coated fabrics and packaging materials. Established in 2003
Yeosu and Gunjang National Industrial Complexes. Formed
Korea Development Bank, under the 65:20:15 joint-venture
ing maker, has grown into one of Korea’s leading manufactur-
from the merger of Hanwha Polymer and Samjin Chemical,
through the merger of Yeosu Cogeneration and Gunjang Co-
partnership. This 1,994,000 sqm eco-friendly town, scheduled
ers of industrial machinery and systems integrators. The
this ISO 9002- and ISO 14001-certified company today sells
generation in 2012, the company is promoting the growth of
for completion in 2013, will have approximately 6,000 residen-
company now develops and manufactures industrial fur-
its extensive lineup of high quality products for the leisure,
cleantech companies in the two complexes through supply-
tial units and host more than 200 light industrial manufactur-
naces, factory automation systems, and CNC lathes, enabling
signage, construction, transportation, food, household, and
ing competitively priced, high quality, and reliable utilities
ers from the auto, machinery, and electronics industries.
customers to achieve greater productivity and improvement
personal care industries in over 60 countries worldwide. In
services.
in quality around the world. Today, the company is focusing
2009, the company launched the
on developing manufacturing equipment solutions for the
solution, a product that has won acclaim for its UV resistance
cleantech industry such as photovoltaics and rechargeable
and long lifetime.
Plan PVC roofing
batteries. It is also actively engaged in seeking new growth
www.hcd21.co.kr
engines from its own R&D institute.
In an effort to maximize synergies among
www.hcd21.co.kr
affiliates
2012. The successful development of thrust vector and altitude
Major Businesses
Major Businesses
through integration of key competencies in machinery,
added an aviation division to its portfolio in
, the city of Seosan, and
www.dreampharma.co.kr
control systems for the Korea Space Launch Vehicle-1 dem-
Major Businesses
Pharmaceuticals, biosimilars, health and beauty products
onstrated the company’s ability to deliver sophisticated tech-
owns and manages a mixed-use resi-
and the city of Gimhae as a joint-venture special purpose
nology and products able to endure high altitude and high-
dential-industrial complex development in Asan, Korea.
company to develop an industrial complex in Gimhae, Korea.
Founded in 2006 by
, the city of Asan, and Korea
Scheduled to begin construction in 2013, the complex will
Development Bank, this 65:20:15 joint-venture special purpose
host more than 200 manufacturers from the auto, machinery,
and other high-tech industries on a 1,653,000 sqm site.
level vibrations in a zero gravity environment.
was established in 2009 by
The company has made great strides to become a “Global
is an innovative pharmaceutical company
company is currently constructing its namesake development
Engineering Partner” creating a brighter future together by
and the leading anti-obesity drug maker in Korea. Founded
for completion in 2013. The 2,984,000 sqm eco-friendly town
strengthening the core competencies in its existing busi-
in 1999, the company has developed a broad range of high-
will have approximately 8,000 residential units and host more
nesses, exploring new growth engines, and expanding its
quality prescription and over-the-counter drugs, medical
than 300 light industrial manufacturers operating in the metal
global presence.
equipment, and skincare products. It is currently focusing on
fabrication, electronics, electric utility, and auto industries.
the development of new medications for the treatment of
illnesses such as high blood pressure and hyperlipidemia,
where
sees a promising future. It is investing
heavily in innovative technology to fuel its growth. The company is now collaborating closely with
for the production of a therapeutic antibody biosimilar.
www.hcd21.co.kr
Major Businesses
was founded in 2010 by
as a special purpose company to develop an industrial complex in Hwaseong, Korea. The construction will begin
in 2013. The completed complex will host more than 200 companies in the biotechnology and other high-tech sectors on a
site of 1,745,000 sqm.
66-67
Finance
Profile 2013
Finance
Businesses
68-69
Finance
Profile 2013
Businesses
Profile &
Outlook
We’re committed to providing
our customers with security and
peace of mind.
The
, a complete financial service
platform of insurance, securities, asset management and bank-
was formed in September
2012 with the merger of Hanwha Securities and
ing products, ensures greater value creation for individual and
. The combination has established
institutional clients by continuously adapting to today’s rapid-
a solid foundation for the company to become one of the
ly-evolving capital markets.
top-tier brokerage services providers in Korea.
, Korea’s first life insurer, is opening its new
chapter as one of the prominent, emerging leaders in the
global market. In anticipating growth opportunities in China
and emerging markets in Southeast Asia,
is
expanding its local footprint in the region. In December 2012,
formed Sino-Korea Life, a joint venture with
Zhejiang International Business Group, and began operations
with the vision to grow Sino-Korea Life into one of the top 3
foreign-affiliated companies in Zhejiang, China by 2015. The
company also acquired Multicor Life Insurance in Indonesia
in late 2012 and will begin operations as a
-affiliated
is strategically expanding its local
and regional branch networks and strengthening its core competencies in investment banking, fixed-income and wholesale
and institutional sales.
In January 2013, the company launched its premier private
banking service product, the Elite Advisor(“ELISOR”) to take a
leading position in the highly competitive private banking market. The ELISOR platform is supported by the company’s extensive institutional knowhow and experience in equity, fixed
income, and fund management. This will become a signature
product at
.
company in 2013. With its recent expansion in Asia,
Ranking third in Korea,
has built a global network of eight offices in six countries.
a broad range of financial products for retail and institutional
offers
recognizes that within its global expansion, sus-
investors including equities, bonds, derivatives, real assets,
tainable quality growth is the key to providing impeccable cus-
hedge funds, and ETFs. The company is actively improving
tomer-centric services and to enhancing shareholder value.
its infrastructure and bringing in high-caliber investment pro-
is making good strides to become a top-tier non-life insurer by improving its system infrastructure and strengthening its underwriting practices. In addition, the company is introducing a new generation of customer
service tools to meet rapidly changing customers’ needs.
In January 2012,
was the first
in the industry to introduce an e-signature system, offering
users a “one-stop” service experience from premium calculation to payment processing. The company’s relentless efforts
to provide customer-centric service have been well received
by our customers, and the Fair Trade Commission has awarded
its Consumer Centered
Management Certification for three consecutive years from
2010 to 2012.
fessionals to maintain and enhance its industry leadership by
further strengthening its competencies in product development, research, portfolio management, compliance, and risk
management.
strives to de-
liver uncompromised, high quality services to every client it
serves. Not only is the company fully committed to delivering
high rates of return on clients’ investments, but also to winning
their trust and confidence in
agement company.
as a leading asset man-
Hanwha Finance Network is
committed to providing financial
security for its customers to live
their dreams and to share those
dreams with the next generation.
70-71
Finance
Profile 2013
Businesses
www.hanwhalife.com
Major Businesses
Life insurance, asset management, mortgage loans,
personal loans
www.hwgeneralins.com
Major Businesses
Auto and property insurance, pension plans,
mortgage loans, personal loans
FY 2011 Total Sales USD 10,039 million
FY 2011 Total Assets USD 64,764 million
(Applied K-IFRS)
is the nation’s first and second-largest life insurer in Korea. Founded in 1946, the company has been a
well-respected industry leader since the beginning and
opened a new chapter for growth with a historic IPO in March 2010.
with the acquisition of First Fire & Marine Insurance in December 2009. The company is enhancing its comprehensive
portfolio of insurance and loan products, improving the qual-
had assets of USD 70.7 billion with sales of USD
12.1 billion at the end of December 2012, and an industryleading solvency ratio of 247% as of the end of March 2013.
It has also received a sterling AAA credit rating from Korea’s
top three rating agencies for the past six consecutive years.
ranked top in the life insurance sector of the
ity of services to grow with customers and to become a
prominent leading non-life insurer in Korea.
Today, the company is making great strides in improving
management excellence, profitability, and customer experience to better position itself in new growth fields in the industry. More specifically,
is laying
Korea Service Awards hosted by the Korea Standards As-
a solid foundation for new growth and profitability through
sociation for three consecutive years through 2012. It also
strategic allocation of human and financial resources, supe-
ranked number one in the Korea Service Quality Index for
rior operating efficiency, loss ratio reductions in long-term
customer service and call centers for the past three years.
and auto insurance, and IT-based mobile services for cus-
The Fair Trade Commission awarded
tomer convenience.
for its
outstanding performance in “customer-centric management”
from 2010 to 2012.
In addition to growth-focused initiatives such as sales channel diversification and solid business execution,
Based on a strong foundation,
has set out its
is committing itself to being an socially
new vision of becoming “a global insurance company, grow-
responsible, global minded company under the vision of “Qual-
ing together with customers” and strategically expanded its
ity Growth 2020.”
global presence into key overseas markets such as Tokyo,
London, Beijing, and New York.
The dynamic growth in Asia is of great importance to
’s global strategy and the company has been expanding
its presence in China and the emerging markets in Southeast
Asia. In April 2009,
Founded in 1946, Korea’s oldest
non-life insurer is a pioneer in
using the latest Internet and
mobile technologies to serve
customers anytime, anywhere.
, founded in 1946, is the oldest
non-life insurer in Korea, and entered a new chapter of growth
began insurance sales in
Vietnam and the company also launched Sino-Korea Life, a
joint venture with Zhejiang International Business Group, which
began operations in December 2012. Most recently, Multicor
Life Insurance in Indonesia was acquired by
will begin operations in 2013.
and
72-73
Finance
Profile 2013
Businesses
www.koreastock.co.kr
www.hanwhafund.com
Major Businesses
Securities brokerage and underwriting,
asset management
Major Businesses
Asset managementt
FY 2011 Total Assets USD 93 million
FY 2011 Total Sales USD 28 million
www.hanwhainvestment.co.kr
www.hanwhasbank.com
Major Businesses
Investments in and management support for
small and medium-sized companies
Major Businesses
Deposits, commercial and personal loans,
bonds with warrants, convertible bonds
specializes in providing growth capital
, founded in 1997, was incorporated
was formed in September
and advisory services to small and medium-sized enterprises
under the
Group after recapitalization by
is paving the way to be-
2011 through the merger of Hanwha Investment Trust Man-
come a Korea’s top-tier asset management services pro-
(SMEs). Established in 2000, the company has focused on
in 2008, and has become one of the most stable savings
agement and Prudential Asset Management (Korea), and the
vider offering a full spectrum of financial services and prod-
identifying and fostering venture-stage SMEs with promising
banks in the industry despite challenging market environments.
combined company has now grown into the industry’s third
ucts. After the merger of Hanwha Securities and
technologies in emerging growth areas such as IT, contents,
With assets of over USD 721 million,
largest in Korea. The company offers a full range of financial
renewable energy, and biotechnology in Korea. In addition to
provides a full range of specialized banking services for individuals and small and medium-sized business.
, the combined company manages
instruments for retail and institutional investors including stocks,
total assets of USD 35.3 billion for individual and institutional
venture investments,
bonds, MMFs, funds of funds, social overhead capitals, de-
clients, and it is striving to become one of the top five asset
practices by forming SME-sector focused private equity funds
rivatives, real estate, hedge funds, and ETFs in both domes-
in 2011. The company is currently managing a portfolio of 19
tic and overseas capital markets.
funds including venture funds, private equity funds, and Chi-
Following its successful integration after the merger,
na funds.
managers in Korea by 2020. It is relentlessly focused on strengthening its core competencies in investment banking and securities and to identifying the next set of growth engines.
is strategically channeling its resources
High quality services and value creation to clients are the
and focus to become a top-tier asset management firm in the
highest priority at
. To
broader Asian capital markets beyond Korea. In particular, the
successfully carry out its mission, the company is further
company is committed to providing unsurpassed services to
reinforcing its extensive market analysis, innovative solutions
institutional investors based on rigorous research, disciplined
development, and risk management operations. A group of
portfolio management, transparency, and integrity.
highly-trained private and investment bankers at
are at the forefront of Korea’s dynamic financial market to
deliver premier services to
’s retail and institutional
clients.
’s relentless pursuit of disciplined asset management
was recognized by numerous industry awards in Korea; 2012
Korea Fund Awards for
Pension 60 Umbrella Invest-
ment Trust KM1, Best Overseas Fund Prize at the 2012 Her-
The next phase of growth will come from overseas markets.
has already established
ald Business Fund Awards in the Alternative Investments
category for
Strategic Income Fund, and Best Fund
its presence in Shanghai, China and the company is accelerat-
Prize at the 12th Zeroin Fund Awards for
ing its expansion in key emerging markets in Southeast Asia to
Corporate Bond-Type Fund.
become the premier securities firm with a global presence.
Long-Term
expanded its
Socially responsible growth is of great importance to
.
, a member of the
, is committed to providing its individual and business clients with top quality financial products and services
for stable and sustainable growth.
74-75
Profile 2013
Services
&
Leisure
Businesses
Services &
Leisure
76-77
Profile 2013
Services &
Leisure
Businesses
Profile &
Outlook
We’re committed to make
life richer and more enjoyable.
’s services and leisure businesses include retail, hos-
took a number of bold steps in 2012 to
pitality, resorts, IT services, property development, and adver-
distinguish itself from competitors, including the launch of
tising. Its goal is to meet and exceed the evolving and increas-
Gourmet 494, which many regard as Korea’s best grocerant
ingly complex needs of consumers around the globe through
(grocery/restaurant combination) and has already become an
innovative and genuine services that surprise and delight cus-
iconic venue in Seoul. The company continues to provide its
tomers and create lasting and cherished memories.
customers with the world’s most exclusive brands and high-
has strengthened its position as
Korea’s top resort operator with modernization of older fa-
ly tailored services enabling an unparalleled shopping experience as a Korea’s premier fashion and lifestyle venue.
cilities to ensure superior visitor experiences and satisfaction.
has set its strategic plans to enhance its
In 2011, the company completed major renovations to the
core competencies by strengthening its merchandizing and
main complex of its flagship Seorak Resort, followed by the
marketing practices and adding directly-imported brands and
renovation of Hanwha Resort Daecheon. In 2012, Hanwha
private-brand products to its portfolio to ensure shoppers a
Resort Haeundae was transformed into a hotel-style business
wide range of specialized, high-end shopping experiences.
resort called “Tivoli.” These on-going renovation projects pro-
In addition, the company is enhancing its online shopping
vide more recreation and activity facilities to customers.
services by incorporating new IT trends such as SNS and
THE PLAZA has received a wide variety of Korean and international media praise for its creative designs, unparalleled
customer service, and state-of-the-art operating systems: true
hallmarks of a luxury boutique hotel. THE PLAZA is also Korea’s
first independent hotel brand to become affiliated with Delta
Air Lines.
“63 Convention Center” in the 63 Building has been transformed
into a premium meeting and banquet facility with spectacular
views of the Han River.
has laid out its ambitious plans
to become a global player in the aquarium industry. In 2012,
the company opened Aqua Planet Yeosu, an eco-friendly
aquarium, and Aqua Planet Jeju, the largest such facility in
Asia. Aqua Planet Ilsan will join
’s two other premier
aquariums in 2014.
’s state-of-the-art aquariums also operate marine
research centers to study rare marine species in an effort to
conserve marine environments in Korea. The centers also
study breeding techniques.
smart devices.
The Galleria Luxury Hall
provides its customers with
an unparalleled shopping
experience as Korea’s premier
department store.
78-79
Profile 2013
Businesses
Services &
Leisure
As Korea’s premier and largest resort
operator, Hanwha Hotels & Resorts
operates twelve directly-run condominiums
and golf courses with constant renovation
and re-conditioning of our facilities for
customers’ full satisfaction.
We have operated 63 Seaworld,
Korea’s first public aquarium, since
1985. In 2012, we opened Aqua
Planet Yeosu, an eco-friendly
aquarium, and Aqua Planet Jeju,
the largest such facility in Asia.
80-81
Profile 2013
Businesses
Completely renovated in 2010,
the luxurious and exquisite
Grand Ballroom features every
fine detail to host memorable
events for up to 2,000 guests.
Services &
Leisure
After a comprehensive
renovation, this 400-room
landmark in the heart of Seoul
reopened in November 2010 as
a chic, luxury boutique hotel.
82-83
Profile 2013
Businesses
Services &
Leisure
www.hwrc.co.kr
Opened in 2010, this upscale
resort in Taean on Korea’s west
coast features 56 guest units
and a 27-hole course designed
by Annika Sorenstam.
Major Businesses
Resorts, hotels, leisure, food service
owns and operates an international network of hospitality and leisure businesses. The
company began as the developer of Korea’s first resort condominium project in 1979 and grew rapidly after joining
in 1986. In 2009, it merged with Hanwha Development and
, which created a diversified busi-
ness portfolio including hotel, resort, fine and gourmet restaurants, banquet services, and leisure attractions.
, a major player in Korea’s hospitality industry, owns and operates Seoul’s 400-guestroom
luxury boutique hotel, THE PLAZA, and Korea’s largest condominium chain across 12 properties with a total of over 4,800
guestrooms.
Major Businesses
Retail, fashion, food and beverage
Founded in 1976,
made the historic open-
ing of Korea’s first luxury department store dedicated to a
collection of the world’s top brands in Seoul. A prime shopping attraction for both locals and foreign tourists, it hosts
the industry’s largest number of luxury brand stores and a
wide range of exquisite services.
Gourmet 494, a premium food boutique in its Luxury Hall,
has introduced a new gourmet experience by connecting a
market, offering carefully hand-picked food ingredients, to a
collection of state-of–the-art food and beverage facilities.
Located in prime locations across the country, the company
also offers its customers a suite of sophisticated shopping
opportunities. The Galleria Center City stores, opened in
Cheonan and Asan in December 2010, have become regional landmarks.
The company is also actively expanding its international presence. It has partnerships with Resort Condominiums International, Tianlun Condominiums, the BIP Country Club and
Spa in China, Prince Hotels & Resorts in Japan, and the
Golden Horse Hotel and Mines Wellness Hotel in Malaysia.
directly operates a number of high-end
luxury brands. The company will keep a keen focus on trends
in the premium shopping sector, add more private-brand
products, and increase its portfolio of exclusive brands.
also operates the Ocean Palace
Golf Club and Resort in Nagasaki, Japan and the Saipan
World Resort. The company owns and operates premier
public and private golf courses in Japan and Korea with a
total of 126 holes.
is also very active in the leisure
industry. The company operates 63 City attractions such as
Major Businesses
Retail, fashion
63 Art Hall and IMAX Theater, 63 Wax Museum, and 63
SeaWorld aquarium in Seoul. In addition, the company also
operates a number of themed destinations and resort attractions across Korea including Seorak Waterpia, Gyeongju
operates the Galleria Timeworld depart-
Springdome water parks, Jeju Therapy Center, Royal Saddle
ment store in Daejeon located in the central part of Korea.
equestrian society, Seorak Cinerama film lot, and Jade Gar-
Galleria Timeworld hosted the area’s first Louis Vuitton and
den in Chuncheon.
Gucci stores in 2008 and first Prada store in 2011, cementing
has its own dining, catering, and
banquet businesses, and the company also manages over
300 dining facilities across Korea under the Foodist brand.
its status as the premier high-end shopping destination in the
greater Daejeon metropolitan region. This regional landmark is
also a cultural hub, housing the region’s largest musical theater,
a multiplex cinema, a state-of-the-art fitness center, and a community center that caters to a broad range of hobbies and interests with over 400 seasonal programs during the year.
84-85
Profile 2013
Services &
Leisure
Businesses
Social
Responsibility
www.63realty.co.kr
Major Businesses
Property management, renewable energy solutions
www.hwsd.co.kr
Major Businesses
Commercial development, property management
manages an impressive portfolio of properties across Korea for both
affiliates and numerous
other clients, including Seoul’s landmark 63 Building, the nation’s tallest commercial property, owned by
Founded in 1986 and a
.
affiliate since 2002, the
company has a quarter-century of expertise encompassing
every aspect of property management including consulting,
leasing, maintenance, and renovation. The company also
provides state-of-the-art solar and geothermal energy solutions
to the residential and commercial markets. This synergistic
portfolio of businesses and nationwide network are keys to
the company’s continued growth and leadership in Korea’s
is the developer and manager of two major commercial railway stations in Seoul. The
company’s first project was the privately financed development
Social
Contribution
of Seoul Station in the heart of Korea’s capital. Completed in
2003, the station complex hosts a multitude of commercial
facilities including an urban outlet and a discount store, as
well as a variety of food and beverage facilities. In 2010, the
company completed the Cheongnyangni Station project with
175,000sqm of commercial floor space at this logistics hub
in the northeastern part of Seoul.
Solar
Sharing
property management sector.
www.hancomm.co.kr
www.hsnc.co.kr
Major Businesses
Integrated marketing communications services
Major Businesses
Integrated IT business services
provides world-class IT solutions and services to the financial, manufacturing, construction, retail,
service, and education industries. Established in 2001, the
company’s comprehensive business portfolio encompasses
IT consulting, IT outsourcing, system integration, and elearning as well as intelligent home, building, and city solutions.
Acquiring the IT industry’s most prestigious recognition such
as CMMI Level 5 Certificate, ISO 9001, ISO 20000, and ISO
27001 certifications, the company provides its customers
with impeccable IT solutions and services around the world.
has also successfully implemented a number
of public IT projects in China, Vietnam, and Malaysia, laying the
foundation for its global expansion in key emerging markets.
Supporting
Sports
Launched in 1983,
is one of Korea’s top advertis-
ing agencies. The company’s vision, “Excellence in Creative
Brand Communications,” reflects its commitment to consis-
Environmental
Responsibility
tently deliver tailored solutions that are original, innovative, and
strategic. In February 2013, it signed a strategic alliance with
global ad agency Young & Rubicam, a WPP company, the
world’s largest communication services group. Under the
motto of “Creative People, Creative Excellence,” the company provides integrated marketing communication services
encompassing every aspect from marketing consulting, re-
Winning
Partnerships
search, promotion, and media services to ad planning, production, and media placement, which enable brands to creatively and effectively engage their target audience.
Human
Resources
86-87
Profile 2013
Social Responsibility
Our
focus on
community is
making
a brighter
tomorrow.
Sponsoring sports
We believe in positive forces and a sense of community that sports bring to our community as
sports help people unite through collective team
spirit and good spirited individual competition.
For this reason, we actively sponsor various team
sports and less popular sports, and operate a
professional baseball team. Now we are extending our sponsorship programs to include soccer,
basketball, and baseball in Europe, North America, and other parts of the world.
Sharing energy for life
We are committed to fulfilling our corporate social
responsibilities in such areas as social welfare,
arts and culture, public services, and foreign aid.
Led by the Hanwha Social Responsibility Center,
we take our corporate citizenly duty to our communities seriously and operate our community
outreach programs transparently to support
more than six hundred programs at over seventy
workplaces across Korea and around the world.
Going further, together
Sharing expertise in
solar energy
We have become a leader in educating, sharing, and installing of solar panels and systems
around the world with the goal of lessening the
threat of desertification. We have installed solar
power generating systems at a number of community service facilities as a part of this effort.
At Hanwha, we believe in going further together
rather than alone. Over the past six decades,
we have built mutual respect and trust with
many of our partners as we share our expertise,
resources, and success with them.
88-89
Profile 2013
Solar
Sharing
Social
Contribution
We carry out our social responsibilities as a responsible
is defining a new example of corporate giving
corporate citizen, and encourage our employees to
in the area of environmental sustainability by donating
actively participate in such endeavors.
solar energy generation facilities to our communities.
Serving with Excellence
Public service Within the communities in which
We established the operating framework for our
we operate, we also support the development
is creatively making eco-friendly social
impact of solar energy by operating a solar
community involvement programs on our 50th
of eco-friendly social enterprises. We have fund-
contributions to our communities. Among them,
power system installed on its roof to supply clean
HAPPY SUNSHINE
raised the public’s awareness of the positive
anniversary in 2002 and created the
ed eighteen small businesses for their growth,
the most renowned program to date is the com-
power for the aquatic support system at the
Social Responsibility Center on our 55th anni-
also assisting these eco-friendly enterprises with
pany’s Happy Sunshine campaign which donates
facility.
versary in 2007. A designated team of employ-
their financing, product development, promotion
solar power generation systems to community
ees at each
and marketing, and business development. In
affiliate works with local
1
Supporting earthquake relief
service facilities throughout Korea.
nonprofit organizations to develop, implement
addition, together with the Korea Advanced In-
The first solar power system through the Happy
also participated in the relief efforts
and evaluate programs that meet the needs of
stitute of Science and Technology, we offer a
Sunshine campaign was installed in March 2012
after the earthquake that struck Japan in 2011
local communities. There are currently more than
mini-MBA program for entrepreneurs of these
and fifty-six more solar power systems have been
by donating emergency aids supplies and con-
six hundred on-going programs being sup-
companies to educate them and improve their
installed across Korea since then. Over the next
struction materials and installing 12 KW solar
ported at over seventy
competencies. In the area of formal education,
ten years,
plans to donate and build
power systems at a number of schools in the
we established the Bugil Academy to nurture
more than five hundred additional solar systems
area including the Taneichi kindergarten school
across the country.
in Iwate.
HELPING THE FIGHT AGAINST
Solar education for the public
workplaces
across Korea.
future leaders, and Bugil Academy has now beMAJOR SOCIAL CONTRIBUTIONS
Social welfare We teach music, the fine arts,
come one of the most prestigious private high
2
schools in Korea.
performing arts, and crafts to children from lowincome families through a Group-wide volunteer
Supporting future young leaders
program called “Happy Tomorrows:
In 2011,
began sponsoring the
[1] We donate some 50,000 braille calendars to the visually impaired each year.
[2] Seoul International Fireworks Festival
2
donated solar panels for Green Build-
DESERTIFICATION
As a responsible, global corporate citizen,
er Media’s experiential exhibit, the VISION House®
[1] The Happy Sunshine campaign donates
has joined the global fight against de-
at Walt Disney World Resort to support a dem-
solar power systems at community welfare
sertification. In collaboration with the United
onstration of sustainable energy benefits to the
public.
Plus Arts.” In 2011, we were awarded the grand
Science Challenge, a project aimed
prize at the Mecenat Conference and Awards in
at discovering future talent in the science and
Nations Convention to Combat Desertification,
recognition for our program’s contribution to the
technology fields, the largest of its kind in Korea.
agreed with the provincial government
development and promotion of arts and culture
Its aim is to identify young science talent through
of Ningxia, China in 2011 to donate solar modules
in Korea. In 2012, we hosted a symposium featur-
a national science fair for high school students
and to build a solar power plants in the Mu Us
ing experts from the academic, arts and culture
and to nurture these promising science students
region in Lingwu City. This program is a unique
worlds under the theme of “Educational Achieve-
so that they can become well-respected and
public-private partnership which offers a frame-
ments to Date.” We have also been donating braille
distinguished scientists in the future who can
work for sustainable and long-term solutions to
calendars to the visually impaired since 2000.
compete alongside other top scientists of the
fighting desertification. The plant now provides
world. The company also launched the Wing
an hourly generation capacity of 80 KW, enough
Sharers Leadership Conference in 2012, intro-
to power a 3,200 sqm tree nursery in the Baijitan
ducing a new model of mentoring and training
Nature Reserve in Lingwu City for reforestation
for global talent development. The conference
of an 855-hectare area of the Mu Us Desert.
Arts and culture We support and sponsor a broad
range of arts and cultural events like the “Symphony Festival” which has become Korea’s leading classical music festival since 2000. Each fall,
we also sponsor the Seoul International Fireworks
Festival, one of the year’s most anticipated events
held along the Han River that attracts over a million visitors.
brings together Harvard University undergraduates with high school students from underpriv-
Operating an eco-friendly
ileged backgrounds where the high school
aquarium
students are encouraged to learn, discuss and
debate on various topics.
1
opened the
Aqua Planet
Yeosu during Expo 2012 in Yeosu, Korea. Open
year round,
Aqua Planet Yeosu has
®
sustainable model for anti-desertification
Solar panels donated to the
City of Davos
The World Economic Forum, best known for its
annual summit of global leaders and thinkers held
in Davos, Switzerland, addresses pressing key
issues facing the world such as “environmental
sustainability.”
facilities.
[2] Hanwha demonstrates a creative and
donated solar modules
to the City of Davos to install a solar power system on the rooftop of the Davos Congress Centre and at the adjacent swimming pool, creating
enough solar energy to offset more than 20 tons
of CO2 emissions each year.
methods by using solar energy.
90-91
Profile 2013
Supporting
Sports
Environmental
Responsibility
Sports are another form of natural, sustainable energy for our communities.
We focus on reducing both environmental load, and
Through its worldwide sponsorship in sports,
associated direct and indirect costs by adopting
endeavors to share
the value of its solar business and its commitment to all sources of
low-carbon energy sources and eco-friendly procedures.
sustainable energy, through the sponsorship and promotion of sports.
SPONSORING SPORTS WORLDWIDE
Partnering for
home run ball by Giants players travels during home
Acting sustainably
supports sports around the world be-
games. These funds have been used to provide
Led by the
cause they contribute to healthier lifestyles and
solar powered energy to their Columbia Park Boys
we have been taking proactive actions to imple-
We ensure that our partners also implement the
help bring diverse communities together.
and Girls Clubhouse.
ment sustainable management practices on
highest level of safety and environmental stan-
environmental, safety, health, and energy issues.
dards in their business by rewarding companies
We also participated in a voluntary disclosure of
for meeting our guidelines. We also provide the
greenhouse gas emissions, through the Carbon
necessary training and consulting services so
Disclosure Project, to demonstrate our group-
that they can be more environmentally friendly.
wide commitment to transparent, eco-friendly
In 2012, our green purchasing program expens-
management.
es increased by 4% over the year to USD 39.4
Soccer We took our first step in sports marketing
Basketball
in Germany, the world’s largest solar energy gen-
26th annual FIBA Asia Championship, one of the
eration market, by signing a two-year agreement
world’s most exciting basketball tournaments.
was a proud sponsor of the
1
to become the official sponsor of Hamburg SV, for
which Korean soccer player Heung-Min Son plays,
Operating and Assisting
in August 2011. As a part of our community con-
Sports Teams in Korea
tribution efforts in partnership with Hamburg SV,
owns the
Eco Institute since 2001,
We launched the Eco
, one of Ko-
we installed solar power systems on the rooftop
rea’s favorite professional baseball clubs estab-
of Osterbek School in Hamburg to provide the
lished in 1986. We also promote less popular
school with clean power and to help the students
sports such as shooting and horseback riding.
learn about the value of renewable energy.
For example, we have supported the Galleria
We also signed an official sponsorship deal with
Shooting Team since 2001 and we have culti-
Juventus F.C. of the Italian Serie A, which won the
vated the talents of world-class marksmen by
[1] The LED sign powered by Hanwha’s
providing them with opportunities to compete and
solar panels at AT&T Park, home of the San
defeated record and also competed well in the
by sponsoring the
UEFA Champions League. In addition, we spon-
tional Shooting Championship since 2008. In golf,
sored Bolton Wanderers of the English Premier
we founded
League.
the
2
Way Committee
a greener supply chain
million.
has contributed to
to establish standard corporate governance pro-
reducing greenhouse gas emissions through its
cedures, and made a noticeable impact on our
Green Galleria program since 2011 by incentiv-
production procedures, operating efficiency,
izing customers with gift certificates for avoiding
waste reduction, and energy efficiency across
the use of plastic bags and purchasing low-
business operations within
carbon, eco-friendly products.
.
Eco-friendly R&D and
Reducing greenhouse gases
Francisco Giants
[2] The rooftop solar modules installed at
cleantech businesses
and wastes
produces environmentally-
Since 1999, we have expanded our focus to
Osterberk School in Hamburg to help the
friendly plasticizers with dioctyl terephthalate to
reduce our waste production by recycling. We
students learn about the value of renewable
replace phthalate esters, and continues to de-
have also installed water saving equipment in
velop fundamental technologies to capture and
our office buildings, our hotels, and resorts.
store hydrogen, an abundant, high potential al-
In 2012, we reduced our energy consumption by
ternative energy source on Earth.
24,457 TOE, saving USD 12.8 million, up 160%
We are also actively engaging in key cleantech
over the previous year. Our production of green-
the 2012 World Series Championship, its 7th World
industry areas such as photovoltaics, energy
house gas emissions went down drastically by
Series title. Giants fans will soon be able to enjoy
storage, and eco-friendly advanced materials.
more than 53,000 tons, a 145% annual improve-
their home games at AT&T Park partly powered
completed the 2.24
ment. Our waste disposal and treatment expens-
Serie A title in the 2011-2012 season with an un-
Baseball We became the official solar partner of
the San Francisco Giants in April 2012 for a fiveyear sponsorship. The San Francisco Giants won
by solar modules donated by
We operated the
.
Green Team program,
Chairman’s Cup Nain 2011 and hosted
Finance Classic. In the same year,
member at the time So-Yeon
Ryu won the US Women’s Open with a dramatic
come-from-behind finish.
energy
MW rooftop solar power plant, Korea’s largest
at the time, in 2011.
plans to in-
a campaign to collect recyclable garbage after the
crease its production capacity of low-energy-
7th inning, in 2012.
consuming flexible copper clad laminate (FCCL)
also supported the
Boys and Girls Club of San Francisco, an organization that offers youth a safe place to learn and
grow, by donating one dollar for every foot that a
to expand its electronic materials business.
1
es were also reduced by USD 0.98 million.
2
[1] Hanwha Q CELLS headquarters
[2] FCCL production line at Hanwha L&C
92-93
Profile 2013
Winning
Partnerships
Human
Resources
We strongly believe in achieving sustainable, mutual growth
Hiring and cultivating human capital is essential to achieving
by “Going Further, Together” with our valuable partners around
our Quality Growth 2020 vision. Our highly-motivated people are
the world rather than “going faster, alone.”
the foundation of our strength and a beginning of our brighter future.
Commitment to mutual growth
Korea’s Fair Trade Commission. Through this
Sharing values
Cultivating world-class leaders
We are committed to dealing with all types of
program, we have successfully implemented a
Regular recruiting programs, internship programs,
In addition to our standard training programs,
small- and medium-sized enterprises(“SMEs”)
number of win-win growth initiatives such as
and ongoing specialist recruitment in Korea and
we also support a variety of advanced degree
partners fairly and collaboratively. We help them
financial assistance, flexible payment terms,
abroad are actively participated by our CEOs
programs to train
grow their businesses by strengthening their
technology development and support, quality
and senior executives. We strive to hire people
lead us in the increasingly competitive global
competencies. In October 2011, we set out ma-
improvements, IP rights protection, and profes-
who relentlessly challenge themselves for inno-
market. These programs include MBA and
jor principles to promote and sustain mutual
sional training. We consistently evaluate our
vative and creative ideas. People who pursue
other post-graduate programs at leading univer-
growth with our partners: to not compete in busi-
progress and make improvements to ensure that
excellence through challenge and innovation,
sities around the world. We also sponsor par-
nesses suited for SMEs, to increase support for
we are channeling our corporate resources ef-
People who are loyal to customers, colleagues,
ticipation in advanced management, executive
our SME partners, to install an eco-friendly busi-
ficiently to maximize the positive impact on our
and company, People who work hard to achieve
MBA, and Sloan Fellowship programs at schools
ness structure, to expand our eco-friendly com-
shared growth.
goals of their own, the community’s, and the
such as MIT, Stanford, and the London Business
Group’s.
School for key personnel with executive leader-
One of our key recruiting tools is campus visits
ship potential.
munity programs, to establish charitable foundations, and to implement sustainable growth
strategies.
1
has launched the “Building A
Greater Workplace” campaign. The company’s
customer service experts visit corporate clients
Building winning partnerships
Mutual respect and shared vision with
2
and public organizations, offering them compli’s
partner companies has made our remarkable
growth and achievements possible. We active-
’s top talent that will
to major universities. We also actively offer internOur overseas regional specialist and market
mentary customer service advice and training
to promote a more positive and healthier work-
[1] We regularly visit partner companies to
ing environment.
evaluate our partnership outreach programs.
[2] Public ceremony to uphold the principles
Training strategically
pioneer team programs provide yet another op-
With a belief that hiring and training quality peo-
portunity for professional growth. The regional
ple is essential to our future, we operate a broad
specialist program sends employees to strategic
signed an MOU with a Meis-
of fair trade and win-win collaboration with
range of training programs. These include orien-
markets around the world, enabling them to get
frequent meetings between the CEOs of differ-
ter High School in Seoul to provide specialized
our small- and medium-sized business
tation courses for both new and experienced
the practical experience that will equip them to
ent
affiliates and leaders of our partners,
vocational training and job placement activities
partners
hires, leadership courses and specialized training
effectively manage local investment and expan-
to improve our business practices, resolve any
at the school by offering students training class-
from the early days in their career at
sion. The market pioneer team program sends
challenges facing us, and thus build winning
es in chemicals, machinery, and electricity. Par-
At the end of 2012, we built our human resourc-
large teams to emerging markets to evaluate
partnerships.
ticipants in this “
Class”
es infrastructure to meet the demands of the
potential business opportunities.
programs often receive career opportunities at
globalization of our business. The new human
and
tablish venues to share
’s expertise and
best practices with our partner companies by
providing joint venture opportunities, technology/IP transfer, and favorable commercial terms.
Leading by example
All of
’s leading affiliates have executed
a “Fair Trade and Mutual Growth” agreement
with their business partners in collaboration with
.
2
Fostering specialists
ship programs for university students.
ly engage with our partner companies, including
launched “Win-Win Cooperation Council” to es-
1
.
resources system ensures all our employees to
be fairly evaluated based on performance.
In March 2013,
changed the employ-
ment status of more than 1,900 of our non-regular workers to full-time employees, a first among
Korea’s top ten business groups, living up to our
shared values: “Trust and Loyalty” and “Going
Further, Together.”
[1] Hanwha Human Resources Development Center plays a key role in instilling our
core values of challenge, dedication, and
integrity in our people.
[2] Our investment in training begins with
orientation for new hires and continues
throughout each employee’s career.
94
Quality Growth
Profile 2013
World class talent, innovative technologies,
and trusted partnership are cornerstones of
’s vision of “Quality Growth 2020,”
which motivates, inspires, and drives us to dream
beyond our imaginations.
www.hanwha.com
April 2013
Published by Hanwha Group Management & Planning H.Q.
This profile has been produced
using the Forest Stewardship
Council certified paper and printing
method to protect forest resources.

Profile - SolarBaba

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