Hanwha Group | Introduction

Hanwha Group is one of South Korea's top ten chaebol s—or conglomerates—with diversified holdings stretching from explosives to retail to financial services and beyond. The group operates through a complex network of subsidiaries, many of which are publicly listed entities, including flagship company Hanwha Energy Corporation. Hanwha's operations are grouped under five major divisions:

Manufacture/Construction, Distribution/Leisure, Finance/Trade, SI/Communication, and Sports. Manufacture/Construction includes Hanwha Corporation's explosives production; Hanwha Chemical Corporation, which produces PVC; Hanwha L&C, which produces PVC-based products; H-Pharm Company, which produces non-prescription drugs and health and beauty products; and Hanwha Advanced Materials, a partnership with Solvay, which produces materials for the automobile and other industries. Distribution/Leisure comprises the company group's Hanwha Stores, which operates the seven-store Galleria Department Store chain, and Hanwha Resort Company, the largest leisure company in South Korea. Since 2002, Hanwha has made a push into the financial services market, grouping its 51 percent stake in former state-owned insurance group Korea Life under its Finance/Trade division.

The company also operates asset management and other insurance subsidiaries. The two remaining divisions, SI/Communication and Sports, include operations in the advertising and e-commerce sectors and ownership of the Hanwha Eagles professional baseball team. Hanwha, which emerged somewhat humbled from the economic debacle of the late 1990s, is led by chairman Kim Seung Yeon, son of the company's founder.

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