Profile 2014 - Hanwha€¦ · Profile 2014 Currently under construction by Hanwha, the new city in...

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Profile

2014

Contents

/

Chairman’s Message / 02

Vision / 06

Quality Growth Inspired / 08

Quality Growth Expanded / 28

Profile / 35

Businesses / 47

Social Responsibility / 81

is dedicated toour employees,partners, and society.We help the environment byproducing renewable energyaround the world,and match our customers withconvenient financial servicesand premium shoppingand leisure experiences. thrives onour customers’ energy,and they prosper through ours.This is the heart of our“Quality Growth” vision.

02-03 Profile 2014

Chairman’s Message

Chairman’sMessage

has played an important leadership role in establishing the na-

tion’s key strategic industries, successfully overcoming waves of dynamic

market change 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 powered by three core pillars: manufacturing & con-

struction, finance, and services & leisure.

Despite the prolonged financial crisis encircling the globe, contin-

ues to expand with our shared vision of “Quality Growth.”

has been working hard to strengthen the global competencies of

our new businesses, while at the same time enhancing our business struc-

ture by focusing on specific businesses such as energy, chemicals, ad-

vanced materials and finance. This is how we will create a brighter future.

The acquisition of the solar energy business completed ’s total

vertical integration after it was first introduced as a new growth engine for

the company in 2010. And in 2012, the Group acquired Q.CELLS, a solar

system pioneer with truly state-of-the-art technology. It was renamed

and the breakthrough immediately vaulted us firmly into

the top tier of solar solution companies worldwide. With Germany in the

We will be the sustainable energyfor your future.

04-05 Profile 2014

Chairman’s Message

Seung Youn KimChairman

center, we are expanding to major markets around the world based on our

R&D network in Korea, America and China, while strengthening our techno-

logical competitiveness.

has also been attracting the attention of world-renowned compet-

itors in the construction sector after we signed a contract for USD 8 billion

to build a new city in Bismayah, Iraq. It is the single largest project ever won

by a Korean construction company. This important postwar rebuilding effort

will be long remembered as a project that brought hope to the Iraqi people.

is also extending business opportunities in the financial sector,

making great strides to expand our presence in overseas markets. Our first

overseas operation was established in Vietnam in 2009 under the

Life banner. The company is also providing advanced financial services in

China and Indonesia based on its experience and know-how acquired since

entering the Vietnamese market.

In the services & leisure sector, we have been striving to provide attractive

and personalized services by constantly renewing our offerings. will

continue to invest in its core growth industries and grow into a substantially

competitive company, deploying a strategy of “selection and concentration.”

As we look ahead, it is clear that the global economy is still under pressure

and we must remain vigilant and diligent as we face our challenges.

will continue to expand our global footprint, and extend our leadership in all

the areas in which we operate. And we will seek to make a difference in ev-

erything that we do.

Because above all, we know that we cannot achieve success alone.

wishes to grow together with local communities, our shareholders, part-

ners, and customers. Based on our group philosophy of going further to-

gether, we aim to see farther and think bigger as a leading and responsible

corporate citizen. Making a contribution to the prosperity of mankind and a

healthy future of the Earth is our calling and our very reason to exist. It’s a

mission that we have been reminding ourselves about continuously for the

past sixty years.

Please join us on this very meaningful journey.

Vision

Laying solid foundationsfor quality growth around the globe

Business Areas

MAnufACturing &ConstruCtion

We have been strengthening our key businesses, including solar energy, chemicals, materials, and overseas construction.

finAnCe

We provide total financial ser-vices and solutions including insurance, asset management, investments, and securities.

serviCes &Leisure

We are bringing new value and enjoyment to life as Korea’s foremost premium services and leisure provider.

Hanwha spirit and Core values

Behind our achievements is the spirit of “Trust and Loyalty.” The core values that unite us are “Challenge,

Dedication, and Integrity.” Together, these values form the driving force that innovates the corporate

culture and are the standards for how we will achieve our growth vision.

Challenge

Never be satisfied with the status quo. Pursue excellence through change and innovation.

Dedication

Be loyal to customers, the company, and colleagues. Strive to achieve ever-greater goals.

Integrity

Act honestly and fairly based on honor and principle.

Founded in 1952, is a global leader in a broad range of business spanning the spectrum of

manufacturing, construction, finance, services and leisure industries. consists of 51 domestic

affiliates and 113 overseas networks,* which together provide our numerous customers around the globe

with premier products and services. Continuously pushing forward, we are once again preparing to embark

on a new challenge and to take a major leap forward by aggressively investing in our new growth engines

of solar energy business, laying the foundation for quality growth that will contribute to making the world

a cleaner, eco-friendlier, and healthier place to live.

* As of December 31, 2013

overview

Our “Quality Growth 2020” vision embodies our commitment to be an industry leader in each of our exist-

ing business areas. We will continue to build a corporate culture that fosters mutual growth and prosper-

ity for our employees and all our stakeholders.

vision

Quality growth 2020

groWtHFoster businesses that drive

sustainable growth.

exCeLLenCePursue leadership

in each field of business.

trAnsforMAtionBuild a customer-centric,

results-driven corporate culture.

LoCALizAtion

Become a partner for growth in

local markets.

synergy

Foster synergy between affiliates

on all levels.

GLOBALSTRATEGY

NEWGROWTHENGINES

gLoBALizAtion

Focus on growth and value-added

businesses.

soLAr energy

Lead in responding to the challenges of

energy depletion and climate change.

HoListiCserviCes

Lead in enhancing every aspect of life from

financial security to leisure and health.

CHeMiCALs &

MAteriALs

Provide better values for the lives of mankind

through future technologies.

06-07 Profile 2014

Quality growthinspired /

sustainableenergy

sustainableCommunity

sustainableLife

Creating a brighter tomorrowfor everyone

08-09 Profile 2014

Quality Growth Inspired

10-11 Profile 2014


Leading the world’s solar energy industry

Sustainable Energy

/

1

Leveraging its long history of expertise in international commerce and its successful vertical integration, is taking on a global leadership position in the photovoltaic industry.

SolarValue ChainIntegration

Eq

uip

men

t

1.

Polysilicon

3.Development

EPC

Financing

O&M

2.Ingots / Wafers

Cells

Modules

EVA Sheet / Back Sheet

O’ahu Kalaeloa Renewable Energy Park in Hawaii5MW solar plant built by Hanwha Q CELLS USA

©Craig Kojima

12-13 Profile 2014


2.4gWsolar Cell Production Capacity

The launch of Hanwha Q CELLS propelled Hanwha’s growth into the world’s third-largest photovoltaic producer with an annual cell production capacity of 2.4GW, made up of Hanwha Q CELLS’ plants in Germany (200MW) and in Malaysia (900MW), as well as Hanwha SolarOne’s plant in China (1.3GW).

Production Capacity

Capacity

no.3

&

Through its top-tier quality solar products and services, Hanwha is rapidly building a trusted brand name and brand equity around the world. Launched in October 2012, Hanwha Q CELLS features some of the world’s best solar cell technologies and R&D capacity. 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.

global leaders in the photovoltaics industry

Quality

25 year Warranty Boasting globally-recognized product quality, Hanwha has earned the credibility and trust of our customers by offering a 25-year warranty for all module products.

14-15 Profile 2014


4 Countries

To remain a leading global solar company, we constantly explore new methods and technologies. At our four state-of-the-art R&D centers—located in Germany, Korea, China and Malaysia—we continue to set the standard in technology, economies of scale, and quality control. Current R&D projects include research into increasing efficiency and lowering costs. We are studying solar cells using cost-efficient silicon, ultra high-performance cells, and back contact solar cells, along with many other innovative products. New breakthroughs are introduced to production as soon as possible, resulting in innovative new products from Hanwha and its partners around the globe.

Global R&D Network

R&D

Over the last 60 years, we have established global marketing and sales organizations in more than 36 countries throughout Europe, Asia, and North America, enabling us to provide products and services that meet our customers’ diverse needs.

Global Sales &Marketing Network

Countries36+

16-17 Profile 2014


Building a brighter, happier future for everyone, everywhere

Sustainable Community

/

2

BismayahNew City Projectin Iraq

Housing complex developmentWater and sewage facility, incineration facility, roads

National housing construction100,000 units

Size 1,830haDesign & Build

(design, purchasing, and construction)

is building a new city in Bismayah, Iraq, which is approximately 10km southeast of the capital, Baghdad. By 2019, Hanwha will build out a residential complex of 100,000 units and the supporting urban infrastructure.


18-19 Profile 2014

Currently under construction by Hanwha, the new city in Bismayah, Iraq is the single largest 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 that includes 100,000 residential units.

Bismayah New City Project in Iraq

Largest & first

usD 8 Billion550,000 PersonsIn 2013, the Bismayah project was selected as an Exemplary Case for Creative Economy in Korea. The selection noted that the project will create 550,000 man-days annually over 7 years and provide co-development opportunities for 100 partner companies.

20-21 Profile 2014


Hanwha was awarded a contract in the Philippines to construct the world’s largest domed arena with a seating capacity of 50,000. Built on 74,000m2, the construction of the Philippine Arena was completed in May 2014.

Philippines Arena Project

Hanwha Engineering & Construction continues to solidify its market presence in the Middle East, having won 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 design to construction by Hanwha and it was successfully completed in 2010. In February 2014, Ma’aden awarded Hanwha a USD 935 million utility-scale chemical construction project, further confirming its capacity and technical ability.

Ma’aden Water and Power Plant Project in Saudi Arabia

160MWsteam turbine generator

40,000 m3/dayDesalination Plant

74,000m2

Japa

n

Chi

na

OFF

ICES

US

UK

Sustainable Life

/

3

Chi

na

Kor

eaU

SSU

BSI

DIA

RIE

S

Viet

nam

Indo

nesi

a

is committed to providing a total financial solution for our clients at each stage of their lives. We also seek continual growth through our expansion to overseas financial markets.

InsuranceLife insurance,indemnity insurance

SecuritiesBrokerage, trading, investment banking, asset management

Overseas businessVietnam, China, Indonesia

Asset managementStocks, bonds, ETF, derivatives, real estate, hedge funds, MMF


22-23 Profile 2014

Providing life solutions for a richer tomorrow

Total Financial Solution

24-25 Profile 2014


Sino-Korea Life in China

Sino-Korea Life began its operation in Zhejiang, China in January 2013. They offer 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-affiliate life insurers in the local market by 2015.

2015 top 3197Bancassurance Branches

3offices

(As of the end of December 2013)

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.

6,457financial Planners

34offices

(As of the end of December 2013)

At the Center of new growth

26-27 Profile 2014


Total Financial Solution

totalfinancial solutionHanwha Finance Plaza offers comprehensive financial solutions, ranging from life insurance to asset management. Hanwha’s experts provide customers with comprehensive, convenient, one-stop professional financial planning services.

Insurance

AssetManagement

Securities

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. We

are also adding asset management services.

To meet our customers’ needs, Hanwha Asset Management actively provides a variety of

asset classes.

28-29 Profile 2014

Quality Growth Expanded

SOUTHEASTASiA &MiddlEEAST

EUrOpE &AfricA

AMEricAScHinA

caring for planet Earth

Quality GrowthExpanded /

Tokyo

SaipanManila

Seoul

BangkokSamut PrakanPhnom PehnHo Chi Minh

Kuwait CityAl KhobarAbu Dhabi

Nagasaki

Sydney

Yangon

Almaty

New Delhi

Mumbai

Teheran

Dubai

Bismayah

Jakarta

Hanoi

Taipei

SelangorKuala LumpurSingapore

SelangorKuala LumpurSingapore

30-31 Profile 2014


197Bancassurance networks

new city 100,000 Housing Units

cell production900MW

34Sales network

Asia 5 Subsidiaries 13 Offices

Hanwha Life began sales in China in January 2013, working to improve the quality of financial services available through 3 offices and 197 bancassur-ance networks.

Hanwha Corp. trades steel, petrochemi-cals, machinery, and a multitude of other goods and services through local subsidi-aries in Japan, Singapore, Hong Kong, and India. It has branches in Vietnam, Indone-sia, Thailand, Taiwan, the UAE, the Philip-pines, and Myanmar, and is now expanding in Southeast Asia.

In May 2012, Hanwha E&C signed a USD 8 billion contract with Iraq’s National Invest-ment 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 infrastructure.

Hanwha Q CELLS’ photovoltaic plant in Malaysia began cell production in 2009 with an annual capacity of 900MW and became the hub of Hanwha Q CELLS’ photovoltaic production.

Hanwha Life Vietnam has been experienc-ing rapid growth since it began selling policies in April 2009. Hanwha Life further expanded into the Southeast Asian insur-ance market in December 2012 with the acquisition of a competitive insurance company in Indonesia.

/

SOUTHEAST ASiA & MiddlE EAST

We are tapping

new growth opportunities

in these regions for

all services ranging from

insurance to new urban

development and

plant construction projects.

Hanwha launched Hanwha China in June 2011, to manage Hanwha’s manufacture, trade, finance, and retail businesses in China, the biggest market in the world.

Beijing

Hangzhou

Guangzhou

Hong Kong

Chongqing

LianyungangZhangjiagangQidongShanghaiNingbo

cHinA /

In China,

the world’s largest market,

we have been expanding

our solar cell and module

and PVC production bases,

while also expanding

our business

in the financial sector.

pVc300,000-mtpyHanwha Chemical built a 300,000-mtpy PVC plant in China and began opera-tions in February 2011. It now serves as the global operating base for the rapidly growing Chinese PVC market.

1.3GW cell1.5GW Module As a global photovoltaics player, the com-pany has extensively expanded its pro-duction capacity, which today stands at 1.3GW for cells and 1.5GW for modules.

Synergy in china

San FranciscoSanta ClaraBakersfieldIrvine

New YorkCranbury

FranklinChicagoBremen

London (Ontario)

ForestOpelika

Sao Paulo

Miami

32-33 Profile 2014


/

EUrOpE &AfricA

LondonBerlinBitterfeld-WolfenEschbornIsmaning

WarsawChleboviceBudapestDiosd

Moscow

Athens

Istanbul

Johannesburg

AMEricAS/

chicagodevelopment project

Business Hub A premier provider of photovoltaic Solutions

lightweightAuto parts

High-qualityAuto parts

World’s leading pV r&d and production Site

Solar Sales & Marketing

Trading post

Hanwha International’s core trading business handles a wide variety of in-dustrial goods such as chemicals, steel, and machinery as well agricultural prod-ucts, and processed foods.

Hanwha E&C has successfully com-pleted 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 Q CELLS USA is a vertically in-tegrated photovoltaic solutions provider, from high performance solar modules to customized power plants. It has installed more than 130MW of capacity in North America, including the first utility-scale solar farm on a Superfund site.

Hanwha Advanced Materials produces lightweight automotive materials in the US, the center of the world’s auto mar-ket, to meet the growing automobile demand 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 Ad-vanced Materials’ Czech plant has its own assembly operations and supplies high quality auto parts to major global automakers.

Hanwha Q CELLS is headquartered in Germany and is one of the world’s leading photovoltaics companies. It has a unique setup of R&D and production with annual production of 200MW cells and 120MW modules, enabling the company to de-velop technologically leading products and innovative manufacturing methods.

Hanwha SolarOne continues to strength-en sales in major markets such as Ger-many and Italy, and especially in new strategic markets where demand for solar is peaking, such as the UK.

We are strategically

diversifying

our business portfolio

in the Americas,

including energy and

commodities investments,

property development,

and R&D in advanced materials.

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.

Aix-en-Provence

Global Network

Business Highlights

Business Areas

Financial Highlights

We’re building a better future through the businesses and markets in which we are engaged.

profile

34-35 Profile 2014

Profile

Global Network

Business Highlights

Business Areas

Financial Highlights

financial Highlights

net incomeSECTOR NET INCOME

2011 2012 2013

Manufacturing & Construction 417 255 353

Finance 485 537 406

Services & Leisure -4 118 110

Total 898 910 869

Total Stockholders’ EquitySECTOR TOTAL STOCKHOLDERS’ EQuITY

2011 2012 2013

Manufacturing & Construction 7,685 8,569 8,942

Finance 6,770 7,775 8,111

Services & Leisure 1,702 2,054 2,122

Total 16,157 18,398 19,175

Total liabilitiesSECTOR TOTAL LIABILITIES

2011 2012 2013


Finance 58,375 70,905 81,846


Total 71,556 86,049 97,865

’s stable and consolidated management system enhances value

by building a positive environment for our stakeholders and investors.

We will achieve a solid financial structure with our vision of “Quality Growth 2020” by

making rational investments and pioneering new markets.

in USD Millions

in USD Millions

Total AssetsSECTOR TOTAL ASSETS

2011 2012 2013


Finance 65,145 78,679 89,957


Total 87,713 104,447 117,040

Total Sales

2011 2012 2013

SECTOR TOTAL SALES

2011 2012 2013


Finance 16,367 15,839 18,649


Total 31,674 30,809 35,134

in USD Millions

in USD Millions in USD Millions

36-37 Profile 2014

Profile

Sales and net income are converted into US dollars at the average exchange rate of USD 1=KRW 1,094.70 in 2013, KRW 1,126.25 in 2012, and KRW 1,108.02 in 2011.Assets, liabilities, shareholder equity are converted into US dollars at the December 31 closing exchange rate of USD 1=KRW 1,045.00 in 2013, KRW 1,063.00 in 2012, and KRW 1,159.00 in 2011.

2011 2012 2013

2011 2012 2013

2011 2012 2013

2011 2012 2013

35,134 30,80931,674

117,040104,447

87,713

97,86586,049

71,556

19,17518,39816,157

869910898

Global Network

Business Highlights

Business Areas

11

7

10

9

9

1

1

3

5 2

6 &8

4

38-39 Profile 2014

Profile

Business Areas

Services & leisure 9

10

8

Manufacturing & construction 1

2

3

4

4 4

5

Yeochun NCC

finance 6

7

6

11

Global Network

Business Highlights

Business Highlights

40-41 Profile 2014

Profile

As a leader in the world’s solar energy industry,

completed a polysilicon plant

in 2013 and achieved vertical integration of

its polysilicon-cell & module-power generation

system. Based on this integrated system,

we have won large projects in

China, Japan, UK and South Africa,

further strengthening our position in the world

as a global solar energy expert.

The Bismayah New City Project in Iraq is

being carried out smoothly and according to

plan. is stepping up to win additional

reconstruction work in Iraq. has

begun its operations in China after commencing

business in Vietnam to position itself as a

global insurer.

Business profile

Our manufacturing & construction affiliates are strengthening their core competencies in rapidly growing new businesses. We strive to maintain world-class competency in different fields, such as chemicals, materials, defense industry applications, and aviation. In the construction sector, we won a USD 8 billion new city development project in Iraq in 2012, as well as other sizable projects around the world. Our vertically-integrated solar value chain positions us as an established global leader in the photo-voltaic industry.

Manufacturing &construction

finance Services &leisure

Business profile

Our financial affiliates continuously evolve their customer serv-ices to reflect today’s fast-changing capital markets and address individuals’ diverse financial objectives. In the life insurance sec-tor, we utilize our experience and expertise to provide reliable products to customers in Korea and Vietnam. In addition, we began operations in China and acquired an Indonesian life insur-ance company, realizing a plan to enter emerging markets in Asia. In the areas of insurance, asset management and securi-ties, customers have given us high ratings. We have been pro-viding stable financial asset management for our individual and corporate customers.

Business profile

’s services & leisure affiliates are constantly looking to create new and innovative ways to improve customer experi-ences. Our resort business is now in the middle of a major renova-tion cycle. This will include a new premium resort chain and a group of world-class aquariums across Korea named Aqua Planet spanning Yeosu, Jeju, and Ilsan. is also enhancing its status as Asia’s number one premium retailer.

2013 Salesin USD Millions



For the fiscal year running from April 1, 2012 to March 31, 2013

Global Network

42-43 Profile 2014

Profile

Global network

Major Overseas Subsidiaries & Affiliates

Irvine

Santa Clara

San Francisco

Bakersfield

Sao Paulo

Cranbury

New York

Selangor

Samut Prakan

Kuala Lumpur

Shanghai

Saipan

Taipei

Seoul

Tokyo

Nagasaki

Manila

New Delhi

Almaty

Qidong

Chlebovice

Berlin

Diosd

Mumbai

Bangkok

Yangon

Johannesburg

Abu Dhabi

Dubai

Budapest

Moscow

Sydney

Athens

Istanbul

Jakarta

Hong Kong

Singapore

Ho Chi Minh

Hanoi

Phnom Penh

Eschborn

Ismaning

Bitterfeld-Wolfen

London

Warsaw

Aix-en-Provence

Bremen

Opelika

Chicago

Miami

Chongqing

Hangzhou

Guangzhou

Beijing

Ningbo

Lianyungang

Zhangjiagang

Al Khobar

Kuwait City

Bismayah

Tehran

Forest

Franklin

London (Ontario)

With 51 domestic affiliates and

113 networks worldwide,* is

securing competencies across industries

and countries. The technology and

networks we built over the past sixty years have

allowed us to succeed on the global stage.

will continue to improve the

quality of life for its customers all over the globe

through strategic acquisitions and

establishing new ventures.*As of end of 2013

AmericasBrazil (Trading)

Canada Canada Development (Solar power system installation)

Canada (Solar downstream)

Canada Solar Canada (Sales and marketing)

uSA (Trading)

uSA Eagle Petroleum (Oilfield development)

uSA (Solar downstream)

uSA (Sales and marketing)

uSA (Bearing)

uSA America Development (Real estate development)

uSA Alabama (Auto parts)

uSA (Manufacturing and sales)

uSA (Auto parts)

uSA (Machine tool sales)

uSA (Investment)

chinaBeijing (Supporting Hanwha affiliates in China)

Beijing (Auto parts)

Hangzhou Sino-Korea Life (Life insurance)

Hong Kong (Trading)

Lianyungang Technology (PV ingots, wafers)

Ningbo (PVC resin)

Qidong (PV cell, module and R&D)

Shanghai (Trading)

Shanghai (Trading)

Shanghai Office (Sales and marketing)

Shanghai (Auto parts)

Suzhou (Manufacturing and sales)

Europe & AfricaCzech Republic (Auto parts)

France (Sales and marketing)

Germany (Trading)

Germany (PV cell, module, and R&D)

Germany Berlin Rep. Office (Sales and marketing)

Germany (Sales and marketing)

Asia, Middle East and OceaniaAustralia (Sales and marketing)

Cambodia Think Biotech (Reforestation)

Cambodia Amru and (Agriculture exports)

India (Trading)

Indonesia PT. (Life insurance)

Japan (Sales and marketing)

Japan (Golf club and resort operation)

Malaysia (Sales and marketing)

Malaysia (PV cell and R&D)

Saipan World Corporation (Resort operation)

Singapore (Trading)

Saudi Arabia (Engineering and construction)

Thailand (Alkali soluble resin)

Vietnam (Life insurance)

44-45 Profile 2014

Profile

KOREA

MANuFACTuRING &CONSTRuCTION

Hanwha Corp.www.hanwhacorp.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-1881Fax: 82-2-752-3475

Hanwha Chemical Corp.hcc.hanwha.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-2700Fax: 82-2-729-2999

Hanwha Engineering &Construction Corp.www.hwenc.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-2255Fax: 82-2-729-2302

Hanwha Q CELLS Korea Corp.www.hanwha.com/solar86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-2700Fax: 82-2-729-3003

Hanwha Advanced MaterialsCorp.www.hwam.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-5700Fax: 82-2-729-1461

Yeochun NCC Co., Ltd.www.yncc.co.krKorea Chamber of Commerce & Industry Building, 8th Floor39, Sejong-daeroJung-gu, Seoul, KoreaTel: 82-2-6050-2400Fax: 82-2-6050-0888

Hanwha TechM Co., Ltd.www.hanwhatechm.co.kr9, Sungsanpaechong-roSeongsan-gu, Changwon Gyeongsangnam-do, KoreaTel: 82-55-280-8825Fax: 82-55-280-4664

Hanwha Polydreamer Co., Ltd.www.hwpd.co.krPureun Building, 7th Floor581, Gangnam-daeroSeocho-gu, Seoul, KoreaTel: 82-2-3014-0500Fax: 82-2-3014-0599

Dream Pharma Corp.www.dreampharma.co.krHanwha Building, 6th Floor109, Sogong-ro, Jung-guSeoul, KoreaTel: 82-2-728-7402Fax: 82-2-728-7493

Hanwha Energy Corp.hec.hanwha.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-3099Fax: 82-2-729-3063

Asan Techno Valley Co., Ltd.www.hcd21.co.krSeyoung Building, 15th Floor199, Gwongwang-ro, Paldal-gu Suwon, Gyeonggi-do, Korea Tel: 82-31-8014-7000Fax: 82-31-8014-7009

Seosan Techno Valley Co., Ltd.www.hcd21.co.krSeyoung Building, 15th Floor199, Gwongwang-ro, Paldal-gu Suwon, Gyeonggi-do, Korea Tel: 82-31-8014-7000Fax: 82-31-8014-7009

Gimhae Techno Valley Co., Ltd.www.hcd21.co.krJeongwu Building, 5th Floor55, Naeoejungang-ro, GimhaeGyeongsangnam-do, KoreaTel: 82-55-320-5700Fax: 82-55-320-5709

Gyeonggi Hwaseong Bio Valley Co., Ltd.www.hcd21.co.krSeyoung Building, 15th Floor199, Gwongwang-ro, Paldal-gu Suwon, Gyeonggi-do, Korea Tel: 82-31-8014-7000Fax: 82-31-8014-7009

FINANCEHanwha Life Insurance Co., Ltd.www.hanwhalife.com50, 63-roYeongdeungpo-gu, Seoul, KoreaTel: 82-2-789-6114Fax: 82-2-784-7217

HanwhaGeneral Insurance Co., Ltd.www.hwgeneralins.com56, Yeoui-daeroYeongdeungpo-gu, Seoul, KoreaTel: 82-2-316-0565Fax: 82-2-316-8443

HanwhaAsset Management Co., Ltd.www.hanwhafund.com50, 63-ro Yeongdeungpo-gu, Seoul, KoreaTel: 82-2-6950-0000Fax: 82-2-6950-0009

Hanwha Investment &Securities Co., Ltd.www.koreastock.co.kr56, Yeoui-daeroYeongdeungpo-gu, Seoul, KoreaTel: 82-2-3772-7000Fax: 82-2-3772-7099

Hanwha Investment Co., Ltd.www.hanwhainvestment.co.kr50, 63-ro Yeongdeungpo-gu, Seoul, KoreaTel: 82-2-559-2699Fax: 82-2-559-2609

Hanwha Savings Bankwww.hanwhasbank.com139, Bucheonno, Wonmi-guBucheon, Gyeonggi-do, KoreaTel: 82-32-657-5000Fax: 82-32-666-2320

SERVICES & LEISuREHanwha Hotels &Resorts Co., Ltd.www.hwrc.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-3849Fax: 82-2-729-3879

Hanwha Galleria Co., Ltd.www.hanwhagalleria.co.krHanwha Life Building92, Sejong-daeroJung-gu, Seoul, KoreaTel: 82-2-410-7114Fax: 82-2-414-0025

Hanwha Galleria TimeworldCo., Ltd.www.hanwhagalleria.co.krTimeworld Store211, Daedeok-daeroSeo-gu, Daejeon, KoreaTel: 82-42-480-5000Fax: 82-42-480-5544

Hanwha 63 City Corp.www.63realty.co.kr50, 63-roYeongdeungpo-gu, Seoul, KoreaTel: 82-2-789-6363Fax: 82-2-789-5678

Hanwha S&C Co., Ltd.www.hsnc.co.kr86, Cheonggyecheon-roJung-gu, Seoul, KoreaTel: 82-2-729-2100Fax: 82-2-729-1979

Hanwha StationDevelopment Co., Ltd.www.hwsd.co.kr405, Hangang-daeroJung-gu, Seoul, KoreaTel: 82-2-390-4000Fax: 82-2-390-4004

Hancomm Inc.www.hancomm.co.krHanwha Life Building92, Sejong-daeroJung-gu, Seoul, KoreaTel: 82-2-6366-8400Fax: 82-2-6366-8401

Hanwha EaglesProfessional Baseball Clubwww.hanwhaeagles.co.krHanbat Sports Complex373, Daejong-roJung-gu, Daejeon, Korea Tel: 82-42-630-8200Fax: 82-42-632-2929

Bugil Foundationwww.bugil.hs.krSan 11-1, Sinbu-dong, CheonanChungcheongnam-do, KoreaTel: 82-41-520-8866Fax: 82-41-520-8889

CHINAHanwha ChinaBeijing Kerry CenterSouth Tower, 10th Floor1 Guanghua Road, Chaoyang Beijing 100020, ChinaTel: 86-10-6583-7777Fax: 86-10-6517-7919

Hanwha (H.K.) Co., Ltd.Unit2709, The Center99 Queen’s Road, CentralHong KongTel: 852-2529-9325Fax: 852-2529-4678

Hanwha (H.K.) Co., Ltd.Shanghai RepresentativeOfficeRM 2405/2406Manpo International PlazaNo 500 West Yan An RoadChang Ning DistrictShanghai 200052, ChinaTel: 86-21-6217-0096Fax: 86-21-3209-2312

Hanwha Chemical Trading(Shanghai) Co., Ltd.Dawning Center, East Tower19th Floor, 500 Hongbaoshi RoadChangning, Shanghai 201103, ChinaTel: 86-21-6278-5556 Fax: 86-21-6278-8728

Hanwha Chemical(Ningbo) Co., Ltd.No.55, Huandao North RoadDaxie Development Zone Ningbo, Zhejiang 315812, ChinaTel: 86-574-8675-1088Fax: 86-574-8675-1067Hanwha SolarOne(Qidong) Co., Ltd.www.hanwha-solarone.com888 Linyang Road, QidongJiangsu 226200, ChinaTel: 86-513-8360-6222Fax: 86-513-8360-6376

Hanwha SolarOne (Shanghai)Co., Ltd.Room 605-606, Yongda International Tower 2277 Longyang Road, Pudong Shanghai 201204, ChinaTel: 86-21-3852-1666Fax: 86-21-3852-1668

Hanwha SolarOneTechnology Co., Ltd.66 Dapu RoadLianyungang ECO & TECH.Development Zone, LianyungangJiangsu 222069, ChinaTel: 86-518-8115-1111Fax: 86-518-8115-1211

Hanwha Advanced Materials(Beijing) Co., Ltd.Zhongguancun Science Park(East Sector) Changping Zone4 Lixiang RoadBeijing 102200, ChinaTel: 86-10-6073-5588Fax: 86-10-6073-5459

Hanwha Advanced Materials(Shanghai) Co., Ltd.Jiading Industrial Zone1201 Xingrong RoadShanghai 201807, ChinaTel: 86-21-3996-3996Fax: 86-21-3996-3911

Hanwha TechM (Suzhou)Co., Ltd.North Side of Sigang Segment Zhangyang Road, Zhangjiagang Economic and Technology Development Zone, Zhangjiagang Jiangsu 215600, ChinaTel: 86-512-8959-8910Fax: 86-512-8959-8365

Sino-Korea Life InsuranceCo., Ltd.24th Floor, Tower A UDC Building8 Xin Ye Rd, QianJiangCBDHangzhou 310016, China Tel: 86-571-8583-7888Fax: 86-571-8583-8999

Hanwha Life(A Liaison Office in Hong Kong)Unit 2709, 27th Floor, The Center99 Queen’s Road, Central, HKTel: 852-2169-0612Fax: 852-2529-4698

Hanwha CorporationBeijing Representative OfficeBeijing Kerry Center, South Tower10th Floor, 1 GuangHua Road Chaoyang DistrictBeijing 100020, ChinaTel: 86-10-6583-7978Fax: 86-10-6583-7999

Hanwha CorporationGuangzhou RepresentativeOfficeRoom 1903, West TowerFortune Plaza, #114-118Tiyudong Road, Guangzhou, China Tel: 86-20-3893-1567Fax: 86-20-3893-2760

Hanwha CorporationChongqing RepresentativeOfficeRm 24, 12/F, No. 9Du Hui Shou Zhan, No 6XinGai Avenue, YuBei District Chongqing, ChinaTel: 86-23-6768-2871Fax: 86-23-6768-1627

Hanwha ChemicalBeijing Representative OfficeBeijing Kerry CenterSouth Tower, 10th Floor1 Guanghua Road, ChaoyangBeijing 100020, ChinaTel: 86-10-6583-7960Fax: 86-10-6583-7957, 7959

Hanwha ChemicalShanghai Representative OfficeDawning Center, East Tower19th Floor, 500 Hongbaoshi RoadChangning, Shanghai 201103, ChinaTel: 86-21-6278-5556Fax: 86-21-6278-8728

Hanwha ChemicalGuangzhou Representative OfficeFortune Plaza, West TowerSuite 1905, 116-118 Tiyudong RoadGuangzhou, ChinaTel: 86-20-3893-1553Fax: 86-20-3893-1546

Hanwha LifeBeijing Representative OfficeBeijing Kerry CenterSouth Tower, 10th Floor1 Guanghua Road, ChaoyangBeijing 100020, ChinaTel: 86-10-6583-7921Fax: 86-10-6583-7925

JAPANHanwha Q CELLS Japan Co., Ltd.Hanwha Building, 8th Floor 10-1, Shiba-4 chome, Minato-ku Tokyo 108, Japan Tel: 81-3-5441-5900Fax: 81-3-5441-5921

Acropark Golf Corp.Tonegou 95, Kinkaitso, NagasakisiNagasakiken, JapanTel: 81-95-884-3737Fax: 81-95-884-2535

Hanwha LifeTokyo Representative OfficeHanwha Building, 9th Floor10-1, Shiba 4-chomeMinato-ku, Tokyo 108, JapanTel: 81-3-5441-5906Fax: 81-3-5441-5921

SOuTHEAST ASIA & MIDDLE EAST

Hanwha International (S) Pte.Ltd.4 Shenton Way #15-05/06 SGX 2 CenterSingapore 068807 Tel: 65-6227-3139Fax: 65-6227-9337

Think Biotech (Cambodia)Co., Ltd.#24 St. 337 Sangkat Boeung Kak I Khan Tuol Kork Phnom Penh, CambodiaTel: 855-23-990-214Fax: 855-23-990-215

Amru and Hanwha InternationalCo., Ltd.#15, Phum Boeung Salang Sangkat Russei KeoKhan Russei Keo, Phnom Penh CambodiaTel : 855-23-990-987

PT. Hanwha Mining ServicesIndonesiaMenara Citicon. Unit F2, 11th Floor JL. Letjen S. Parman Kav. 72 Jakarta 11410, IndonesiaTel : 62-21-2930-8840~1Fax : 62-21-2930-8837

Hanwha ChemicalMalaysia Sdn. Bhd.Suite No 22.04, Level 22, Menara Citibank 165, Jalan Ampang Kuala Lumpur 50450, MalaysiaTel: 60-019-228-1601

Hanwha Chemical(Thailand) Co., Ltd.www.hanwhath.com377 Moo 17, Bangna-Trad RoadBangsaothong, BangsaothongSamut Prakan 10540, ThailandTel: 66-2-315-3204Fax: 66-2-315-3591

HanwhaSaudi Contracting Co., Ltd.P.O. Box 31156, 31952Eastern Cement Tower, Suite 506King Fahd RoadKhobar-Dammam HighwayAl-Khobar, Saudi ArabiaTel: 966-3-881-2193Fax: 966-3-881-2199

Hanwha Q CELLS MalaysiaLot 1, Jalan SP 2, Seksyen 2 Selangor Science Park 2, Cyberjaya Selangor 63300, MalaysiaTel: 60-3-83-15-00-00Fax: 60-3-83-20-26-60

Hanwha Q CELLSAustralia Pty. Ltd.Level 2, 56 Berry StreetNew South Wales 2060, Australia Tel: 61-2-9455-0017Fax: 61-2-9455-0873

Hanwha Life Insurance Vietnam Ltd.Fideco Tower, 14th Floor81-85 Ham Nghi StreetDist. 1, Ho Chi Minh City, VietnamTel: 84-8-3914-9100Fax: 84-8-3914-9101

PT. Hanwha Life Insurance IndonesiaRatu Plaza, Jl. Jend. Sudirman Kav. 9 Jakarta Pusat 10270, IndonesiaTel: 62-21-8378-0882Fax: 62-21-8372-0883

Hanwha CorporationTaipei Representative Office8F-4, 207, Tun-Hwan Road Taipei, Taiwan Tel: 886-22-547-3355Fax: 886-22-546-9955

Hanwha CorporationBangkok Representative OfficeSuite No.101, 10th FloorLake Rajada Office Complex193/38 Rachadapisek RoadKlongtoey, Bangkok 10110, ThailandTel: 66-2661-9471~2Fax: 66-2661-9263

Hanwha CorporationYangon Representative OfficeMyawaddy Bank Complex Tower<B> Rm. B-502 No. 151 Corner of Wartan Rd. & Bo Gyoke Aung San Rd. Lanmadaw Township Yangon, MyanmarTel: 95-1-230-1350

Hanwha CorporationJakarta Representative OfficeS.Widjojo Building 9th Floor JL.Jend. Sudirman 71 Jakarta 12190, IndonesiaTel: 62-21-520-5815Fax: 62-21-520-5810

Hanwha CorporationHo Chi Minh Representative OfficeSaigon Riverside Office Center 15th Floor, Room 1504 2A-4A Ton Duc Thang St., Dist.1., HCMC, Vietnam Tel: 84-8-3822-7301Fax: 84-8-3822-7302

Hanwha CorporationManila Representative Office168 Golden Rock Building 4th Floor Unit 4022 168 Salcedo St.Legaspi Village, Makati City 1229 Philippines Tel: 63-2-840-1330Fax: 63-2-893-9482

Hanwha CorporationAlmaty Representative OfficeRoom 48, 10th Floor 4a Nurly-Tau business center, 7 Alfarabi ProspectAlmaty 050059, KazakhstanTel: 7-727-311-0273, 0274Fax: 7-727-311-0275

Hanwha CorporationDubai Representative Office2401, JBC-5 Building, Cluster W Jumeirah Lakes Towers (JLT)PO Box 478381, Dubai, UAE.Tel: 971-4-360-2936Fax: 971-4-434-2193

Hanwha CorporationTeheran OfficeNo.6, 7th Floor. Sayeh BuildingValiasr St., Tehran, IranTel: 98-21-2204-4274Fax: 98-21-2204-0872

Hanwha InternationalIndia Pvt. Ltd.N0.35, 3rd Floor, Maker Chamber IIINariman Point, Mumbai 400021, IndiaTel: 91-22-2204-3720Fax: 91-22-2204-3719

Hanwha ChemicalNew Delhi Liaison OfficeSurya Kiran Building, Suite 806#19, Kasturba Gandhi MargNew Delhi 110001, IndiaTel: 91-11-4308-5500Fax: 91-11-4308-5555

Hanwha E&C Abu DhabiRepresentative OfficeBlue Tower, Block-BMezzanine 5&6 FloorsMuroor Road, Abu Dhabi, UAETel: 971-2-643-1003Fax: 971-2-643-1004

Hanwha E&CKuwait Representative OfficeAl-Madeena Tower 2, 23rd FloorPlot 42, Block 11Fahed Al-Salem Street, QiblaKuwait City, Kuwait Tel: 965-2291-5601~3

Hanwha E&CIraq Representative OfficeKud Gate, Highway No. 7, Bismayah, Baghdad, IraqTel: 82-2-729-4972

AMERICASHanwha International LLC2559 Route 130Cranbury, NJ 08512, USATel: 1-609-655-2500Fax: 1-609-655-0711

Eagle Petroleum LLCTriangle Building, Suite 2205201 California AvenueBakersfield, CA 93309, USATel: 1-661-873-4684Fax: 1-661-873-4689

Hanwha Internacionaldo Brasil Ltda.Centro Profissional Shopping Morumbi Av Roque Petroni Junior1089 Conj-1003 Sao Paulo-SP-Cep: 04707-000, BrazilTel: 55-11-3033-5940Fax: 55-11-3033-5950

universal Bearings LLCwww.univbrg.com431 North Birkey DriveBremen, IN 46506, USATel: 1-574-546-2261Fax: 1-574-546-5085

Hanwha AmericaDevelopment Inc.225 N. Columbus Drive, Suite 100Chicago, IL 60610, USATel: 1-312-469-8093Fax: 1-312-255-8280

Hanwha CanadaDevelopment Inc.2860 Innovation DriveLondon ON. N6M 0C5, Canada Tel: 1-519-451-6600

Hanwha Solar America LLC2424 Walsh AvenueSanta Clara, CA 95051, USATel: 1-408-841-4175Fax: 1-408-841-4162

Hanwha Q CELLS uSA95 Federal Street, 2nd FloorSan Francisco, CA 94107, USATel: 1-415-541-9300Fax: 1-415-541-9301

Hanwha Q CELLS Canada2860 Innovation DriveLondon, Ontario N6M-0C5CanadaTel: 1-519-457-8325

Hanwha SolarOne uSA Inc.2424 Walsh AvenueSanta Clara, CA 95051, USATel: 1-408-841-4235Fax: 1-408-841-4162

Hanwha Solar Canada Inc.2860 Innovation Drive LondonOntario N6M 0C5, CanadaTel: 1-519-457-8325Fax: 1-519-457-9641

Hanwha Advanced Materials Alabama LLCwww.hanwhacomposites.com4400 North Park DriveOpelika, AL 36801, USATel: 1-334-741-7725Fax: 1-334-741-7796

Hanwha TechM uSA LLC1500 East Highwood Pontiac, MI 48340, USATel: 1-248-588-1242Fax: 1-248-588-1246

Hanwha Azdel Inc.2000 Enterprise DriveForest, VA 24551, USATel: 1-434-386-4055Fax: 1-434-385-6532

Hanwha Machinery AmericaInc.9750 South Oakwood Park DriveFranklin, WI 53132, USATel: 1-414-421-2300Fax: 1-414-421-2380

Hanwha Life Investment(America) Ltd.575 Lexington Avenue, Suite 2860New York, NY 10022, USATel: 1-201-308-7944Fax: 1-212-308-7502

World CorporationP.O. Box 500066Saipan, MP 96950, USATel: 1-670-234-5900Fax: 1-670-234-5909

Hanwha TechMMilwaukee RepresentativeOffice9750 South Oakwood Park Drive Franklin, WI 53132, USATel: 1-414-421-2300Fax: 1-414-421-2380

Hanwha LifeNew York Representative Office575 Lexington Avenue, Suite 2860New York, NY 10022, USATel: 1-212-308-3690Fax: 1-212-308-7502

EuROPE

Hanwha Europe GmbHwww.hanwha.deMergenthalerallee 79-8165760 Eschborn, Germany Tel: 49-6196-5016-0Fax: 49-6196-5016-90

Hanwha Q CELLS GmbHwww.q-cells.comSonnenallee17-21 06766 Bitterfeld-Wolfen, GermanyTel: 49-3493-6699-0 Fax: 49-3494-6699-199

Hanwha SolarOne GmbHOskar Messter Strasse 1385737 Ismaning, GermanyTel: 49-89-2175-6673-0Fax: 49-89-2175-6673-99

Hanwha Advanced MaterialsCzech s.r.o.www.hanwhacz.czPříborská 280, Frýdek-MístekChlebovice 739 42, Czech RepublicTel: 420-552-304-615Fax: 420-595-178-280

Hanwha TechMHungary Co., Ltd.MGM Co., Ltd., Gyar u. 2Diosd 2049, HungaryTel: 36-23-546-301Fax: 36-23-382-822

Hanwha Life Co., Ltd.City Tower, Level 640 Basinghall StreetLondon EC2V 5DE, U.KTel: 44-207-826-4021Fax: 44-207-7826-4029

Hanwha EuropeWarsaw Representative OfficeCurtis Plaza 18 Wolska Str., 02-675 Warsaw, PolandTel: 48-660-282-940Fax: 48-660-700-810

Hanwha EuropeIstanbul Representative OfficeGeneral Ali Rıza Gürcan Cd. Merter İş Merkezi No.2 Ofis:48 Merter - İstanbul, TurkeyTel: 90-212-481-4271Fax: 90-212-482-7987

Hanwha CorporationAthens Representative OfficeRizariou 2A and Mikras Asias 66 Chalandri, 15233, Athens, Greece Tel: 30-210-685-8280Fax: 30-210-685-8240

Hanwha EuropeBudapest Representative OfficeDayka Gabor U.3 Rubin Business Center, Room204, 1118Budapest, HungaryTel: 36-1-319-3236Fax: 36-1-319-3234

Hanwha CorporationMoscow Representative OfficeLeninsky Prospekt 113 / 1Park Place Business CenterOffice 212DMoscow 117198, RussiaTel: 7-495-662-3001, 3002Fax: 7-495-662-3003

Hanwha Q CELLSBerlin Representative OfficeLorenzweg 5, 12099Berlin, GermanyTel: 49-3493-6699-0Fax: 49-3494-6699-23000

Hanwha Q CELLS France Office Immeuble le CALYPSO25, Rue de la petite Duranne13100 AIX EN PROVENCE, France

AFRICA

Hanwha CorporationExternal Profit Company(Johannesburg)Grayston Office Park, Block 5128 Peter Road, Sandown 2196 Johannesburg Republic of South Africa Tel: 27-11-326-5100Fax: 27-11-326-5102

Global directory

Manufacturing&Construction

Finance

Services&Leisure

Businesses

46-47 Profile 2014

Profile

Oct. 1952 Founded as Korea Explosives (currently Hanwha Corp.)

Oct. 1955 Acquired explosives factory in Incheon

Jun. 1959 Localized production of explosives

Jan. 1964 Acquired Shinhan Bearing Industrial

Aug. 1965 Established Korea Hwasung Industrial

(currently Hanwha Chemical and Hanwha Advanced Materials)

Jul. 1966 Established Taepyung Trading

(currently Hanwha Corp. Trading Division)

Sep. 1968 Acquired Cheil Fire & Marine Insurance

Nov. 1969 Established Kyungin Energy

Dec. 1972 Established Hankook Plastics Industrial

Nov. 1973 Established Taepyung Development (currently Hanwha Hotels & Resorts)

Sep. 1974 Established Union Polymer (currently Hanwha Polydreamer)

May 1975 Established Bugil Foundation

May 1976 Acquired Sungdo Securities (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

Oct. 1992 Korea Explosives Group renamed Hanwha Group

Dec. 1995 Acquired Central Pharmaceutical (currently Dream Pharma)

Mar. 1997 Founded Bugil Girls’ High School

Dec. 1997 Sold Hanwha BSF Urethane to BSF of Germany

Oct. 1998 Established FAG-Hanwha Bearings

Aug. 1999 Sold 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

Jan. 2000 Acquired Dongyang Department Store

(currently Hanwha Galleria Timeworld)

Mar. 2000 Established Hanwha Venture Capital

Oct. 2000 Held 1st Seoul International Fireworks Festival

Mar. 2001 Established Daedeok Techno Valley

Dec. 2001 Hanwha Corp. acquired Daewoo Electronics’ defense industry unit (currently Gumi plant)

Dec. 2002 Acquired Korea Life Insurance (currently Hanwha Life), Shindongah Fire & Marine Insurance (currently Hanwha General Insurance), and 63 City (currently Hanwha 63 City)

May 2003 Sold stake in FAG-Hanwha Bearings to a joint venture

May 2004 Hanwha Advanced Materials plant completed in Beijing

May 2005 Sold stake in Korea Independent Energy Corporation to Posco

Aug. 2005 Hanwha Life subsidiary established in New York

Apr. 2006 Hanwha E&C subsidiary established in Saudi Arabia

May 2006 Hanwha Advanced Materials plant completed in Alabama, USA

Jul. 2006 Established Asan Techno Valley

Aug. 2006 Hanwha Advanced Materials plant completed in Shanghai

Feb. 2007 Established Seosan Techno Valley

Nov. 2007 Hanwha Advanced Materials acquired Azdel, Inc. of the USA

Jun. 2008 Hanwha General Insurance acquired First Fire & Marine Insurance

Jun. 2008 Held 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

Aug. 2009 Hanwha Advanced Materials plant completed in Canada

Oct. 2009 Hanwha Advanced Materials 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. 2010 Hanwha Life listed on stock market

Jun. 2010 Hanwha Investment & Securities acquired Prudential Investment &

Securities and Prudential Asset Management

Aug. 2010 Acquired a 49.99% equity stake in Solarfun Power Holdings of China

Dec. 2010 Opened Galleria Center City in Cheonan, Korea

Jan. 2011 Solarfun Power Holdings renamed Hanwha SolarOne

Jan. 2011 Launched Hanwha Golf Team

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. 2011 Hosted the 2011 KLPGA Hanwha Finance Classic

Sep. 2011 A consolidated Hanwha Asset Management launched

May 2012 Hanwha Engineering & Construction wins Bismayah New City Project

in Iraq (USD 8 billion)

Sep. 2012 Hanwha Investment & Securities formed by merging Hanwha Securities and Hanwha Investment & Securities

Oct. 2012 Korea Life Insurance changes 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 changes name to Hanwha Q CELLS Korea

Apr. 2013 Beans & Berries becomes a social enterprise

Jul. 2013 Hanwha Engineering & Construction voted within the Top 10 for construction ability assessment in Korea

Feb. 2014 Hanwha Q CELLS wins 24.3MW solar energy plant project in UK

Mar. 2014 Hanwha SolarOne signs an MOU with the Wuxi New District Administrative Committee in China to develop 100MW of PV projects

History

Manufacturing&Construction

Manufacturing &Construction

48-49 Profile 2014 Businesses

Yeochun NCC

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.

50-51 Profile 2014

Manufacturing &ConstructionBusinesses

’s manufacturing and construction businesses are

driving a new wave of quality growth by developing key tech-

nologies that will power tomorrow’s high-tech growth industries.

Leveraging more than six decades of expertise in the develop-

ment and manufacturing of industrial explosives, as well as our

many successes in overseas markets,

plans to expand our global mining services.

’s trading division operates through 32

world-wide subsidiaries and offices. In addition to the trading

business, it focuses on new growth engine businesses like the

renewable energy industry and country marketing and con-

centrates on value chain business expansion.

is a leading petrochemical company and

the first in Korea to produce PVC. The chemical maker is now

pushing forward to new business areas such as renewable

energy while its petrochemical business is expanding its foot-

hold in the global market thanks to its competitive, specialized

value-added products. was also the first

Korean chemical company to enter the Middle Eastern market,

completing the construction of a plant in Saudi Arabia in 2014

that produces ethylene vinyl acetate (EVA), low density poly-

ethylene (LDPE), and wire & cable compound (W&C). The new

plant has 200,000 tons of annual capacity and is very com-

petitive on cost. also built a plant at the

Yeosu National Industrial Complex that produces polysilicon,

a basic material for the photovoltaic industry. The plant has an

annual production capacity of 10,000 tons and started opera-

tion in 2014. The company is also focusing on developing

carbon nanotube manufacturing and application technologies

and is promoting the commercialization of various value-add-

ed, state-of-the-art materials.

continues to enjoy out-

standing growth. The company has won numerous orders,

particularly in the Middle East, where it has considerable suc-

cess. 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.

Since 2012, has shown proven ability in

offering a wide range of high quality photovoltaic products,

and integrated solutions from R&D to system installation and

solar power plant development. The launch of

in 2012 significantly strengthened ’s glob-

al competitiveness in its production size, boasting 2.4GW a

year. ’ strong competencies in solar energy

have been enhanced with its widely recognized R&D center,

manufacturing plants in Germany and Malaysia, as well as sub-

sidiaries in the United States, Australia, and Japan. By 2014,

’ production capacity will reach 1.3GW.

is a global photovoltaic module manufac-

turer that seeks to secure leading original technology in the

midstream segment, ranging from ingots to modules. It con-

centrates primarily on strengthening R&D capabilities. The

company’s dedicated efforts were rewarded in 2012 when the

company’s modules passed the “Long-Term Sequential Test”

conducted by TÜV Rheinland of Germany.

is also promoting its solar energy development business

in North America, Europe, and Asia. It built an 18MW solar

energy plant in Portugal in 2013 and partnered with companies

in Thailand and Japan.

is a competitive futures busi-

ness dealing with composite materials for automotive weight

reduction, electronics components, and EVA sheets and back

sheets used for solar modules. It is working hard to enhance

its status as a global auto parts manufacturer and distributor

through its domestic and overseas production systems and

facilities. A significant achievement that was acclaimed through-

out the industry was its development of the world’s first hybrid

type front bumper beam for automobiles.

Profile &Outlook

We’re committed to invest in tomorrow’s technologies for the sustainable quality growth of mankind.

52-53 Profile 2014


SolarCells &Modules

Hanwha Q CELLS boasts the world’s highest-quality 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.

EVAResin

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.

XLPECableCompound

Widely used in power transmission cables, our cross-linked polyethylene is designed for reliable insulation in extra-high-voltage applications.

GMTAutoParts

GMT is a composite material in the form of a plate where polypropylene resin is covered with glass fiber. It is as strong as steel, but 20 to 25% lighter. It reduces the weight of automobiles when used for parts such as plastic bumpers, undercovers, or backrests.

54-55 Profile 2014


NingboPVCPlant

Hanwha Chemical Ningbo PVC plant in Zhejiang, China, was completed in 2010 and began commercial production of 300,000 tons a year since 2011. By accumulating valuable skills and improved processes, productivity increased to 330,000 tons a year, allowing the company to target the PVC market in China with its outstanding quality.

56-57 Profile 2014


KSLV-I Kick-Motor

We developed the two-stage solid fuel thruster engine for use by Naro, Korea’s first space rocket.Hanwha Corporation has been playing a key role in the future of Korea’s aerospace industries.

www.hanwhacorp.co.kr

Major Businesses Manufacturing: Industial explosives, defense equipmentTrading: Petroleum, petrochemicals, metals, chemicals, machinery, general merchandise, resource development

2013 Total Sales USD 4,879 million

2013 Total Assets USD 6,007 million

is the parent company of

Group. Since it was founded in 1952, the company has grown

into a diversified manufacturing and trading firm serving the

global marketplace.

was the first localized producer of

dynamite in 1959. This enabled the company to emerge as

a leading supplier of explosives for industrial use and fire-

processed articles that are safe and reliable. The company

leads differentiated services and businesses such as chem-

ical business manufacturing and the selling of various ingre-

dients for industrial explosives, the cladding business (which

produces new materials by mixing dissimilar metals), and the

fireworks business.

Recently, the company started promoting the globalization

of its industrial explosives, winning a mine servicing contract

in Indonesia and exporting a plant to Vietnam. The company

aims to expand its market presence in key markets such as

Australia, and in emerging markets throughout Central and

South America, and Central Asia.

Since 1974, has been a key private

sector participant in the Korean government’s defense in-

dustrialization program. It has been producing precision de-

fense systems, guided systems, unmanned underwater ve-

hicles, and navigation equipment to improve our national

defense. The company also has produced advanced tech-

nologies for unmanned systems.

will continue to be a leading defense company, pre-

paring for the future with advanced technology and contribut-

ing to the growth of the country and society.

The trading division within plays a

critical role as the backbone of the Group’s global sales,

operating through a network of eight trading corporations,

nineteen branches, and five resource development branches.

The company sources and delivers world-class value encom-

passing oil, petrochemicals, construction materials, steels,

foods, paper, machinery, automobile/heavy equipment, coal,

solar modules, and defense articles. It also tries to secure

new growth engines and business models from overseas

reforestation projects, agriculture businesses, and real estate

development.

CNC Lathes(Swiss Turn Type)

Hanwha TechM’s knowledge base and innovative technologies in the machine tool field allow the company to partner with leading overseas companies. It produces parts for various industries — automotive medical, electronics — that require precise composite processing in different diameters (ø0.8-38).

hcc.hanwha.co.kr

Major Businesses PE, PVC, CA, photovoltaics, nanotechnology



was the first company in Korea to produce

PVC, LDPE, linear low-density polyethylene, and chlor-alkali.

Since its establishment in 1965, it has been manufacturing

basic petrochemical products that have served as the founda-

tion of different industries for the past half century.

has driven the growth of the Korean chemical in-

dustry, and is now increasing strategic investments to meet

growing demand in the global market.

has completed a PVC plant in Ningbo in China’s Zhejiang

province with an annual capacity of 300,000 tons, and an

alkali soluble resin plant in Bang Phli, Thailand with an an-

nual capacity of 17,000 tons. was also

the first Korean chemicals company to enter the Middle East-

ern market, completing the construction of a plant in Saudi

Arabia which will soon begin producing ethylene vinyl acetate

(EVA), low density polyethylene (LDPE), and wire & cable com-

pound in 2014. The new plant has an annual production ca-

pacity of 200,000 tons and is highly cost-competitive. Mean-

while, is expanding its business to growth

industries such as photovoltaics and nanotechnology to be-

come a global chemical company. As part of Group’s

efforts to develop the photovoltaic business as a new future

growth engine, the chemical maker acquired global photovol-

taic companies to enhance its competitiveness.

built a polysilicon plant within the Yeosu

National Industrial Complex with 10,000 tons of annual capac-

ity and started production in the first half of 2014. For the

photovoltaic business, the petrochemical company is build-

ing on the advantages of its affiliated companies while con-

tinuing to invest in nanotechnology-based application tech-

nologies including carbon nanotube and graphene.

58-59 Profile 2014


www.hanwha.com/solar

Major Businesses Solar power plant development, construction, operation, and maintenance

2013 Total Sales USD 83 million

2013 Total Assets USD 155 million

Founded in April 2011, aims to

become a global leader in the solar downstream market,

delivering integrated solar power plant solutions encompass-

ing development, construction, and operation. Beginning with

the completion of a rooftop solar power plant in Changwon

in November 2011, the company has been creating innovative

and environmentally-friendly approaches to the construction

of solar power plants. For example, it is using unused land

such as drainage pump stations, unused roads, and sewage

treatment centers. This business model is being acknowledged

for its contribution to the development of Korea’s solar pow-

er industry.

The company has succeeded in developing solar power gen-

eration projects overseas. The company signed an agreement

to build a large-scale 18MW solar power plant in Lisbon and

Setubal, Portugal in November 2013, where 74,000 modules

were installed on an area of 1,110,000m2, the size of 155

soccer fields. With the completion of the project, the plant is

expected to supply about 37GWh of electricity on an annual

basis, enough to power 6,200 households. The company is

also pursuing other local partnerships and project acquisition

opportunities to sustain its competitive advantage around the

world, including in Japan and Thailand. The company is also

studying entry into new and rising markets in Indonesia and

Uzbekistan, which are experiencing a rapid rise in power

consumption due to economic growth and industrialization.

With its accumulated knowledge,

will provide optimal solutions to its clients and lead Asia’s

solar power business.

www.hanwha-solarone.com

Major Businesses PV ingots/wafers, cells, modules, EPC/ total solutions



is a leading global photovoltaic (PV) mod-

ule manufacturer, providing cost-competitive, high quality PV

modules for residential, commercial, and utility scale projects

with a module production capacity of 1.5GW as of 2013.

As ’s affiliate, the company plays a key role in

’s efforts to build a vertically-integrated solar value

chain, covering the midstream of ingots to cells and modules.

The company maintains a strong presence worldwide, with

a global business network spanning Europe, North America,

Asia, South America, Africa and the Middle East. As a leading

provider of solar energy solutions in its own right, the com-

pany is penetrating into the solar power generation business

in China.

In January 2014, became one of the

world’s first PV companies to receive Product Carbon Foot-

print Certification based on ISO 14067, issued by TÜV Rhein-

land, a global provider of technical, safety and certification

services. The company is also the second PV manufacturer

in the world to pass TÜV Rheinland’s stringent Long-Term

Sequential Test. In addition, ’s Research

and Development Laboratory was awarded the VDE Test

Data Acceptance Program certificate in 2013.

In October 2013, surpassed the 4GW

mark for global shipments of PV modules for the first time. In

2013, ’s shipped 1.3 GW in modules glob-

ally, with approximately 300MW sent to Japan. The com-

pany has also identified 1.0GW in downstream business

potential in China, which mostly includes strategic partner-

ships with Chinese state-owned enterprises (SOE), local

government and Chinese business groups, respectively.

Originally founded in 1999, became a

member of the Group in October 2012. With its

wide array of the world’s leading solar power technologies,

provides its clients with a full solution

across the photovoltaic (PV) value chain.

will increase its annual production capac-

ity from its plants in Germany and Malaysia to a total of 1.3GW

in 2014. In addition to offering leading PV modules, the com-

pany offers a wide range of experience and services in solar

system solutions, including project development, engineering,

procurement & construction (EPC), and financing solutions for

solar power systems. It plays a significant role in ’s

vertical integration in the PV business, combining with

’s polysilicon business, ’s mod-

ule business, and ’s power gen-

eration business.

The launch of makes a global

PV leader, with an annual cell production capacity of 2.4GW,

consisting of 1.1GW from its plants in Germany and Malaysia

and 1.3GW from its plant in China.

’ R&D Center in Germany is the world’s

most competitive, its Q.ANTUM high-powered cell technol-

ogy and other advanced cell technologies such as anti-PID

and hot spot protection. is committed to sustain

and further strengthen its technology leadership by leverag-

ing its global PV R&D network that consists of facilities in the

Germany, China, Malaysia, and Korea.

contracted with Japan’s largest solar plant

to provide modules in February 2013. In addition, the com-

pany completed the construction of a 5MW solar plant in

Kalaeloa Renewable Energy Park in Ohau, Hawaii in Decem-

ber 2013, the initial project of the company’s 24MW solar

projects in Hawaii. These projects have contributed to further

strengthening the company´s global presence and footprint

in the industry.

www.q-cells.com

Major Businesses Photovoltaic solutions from modules to systems to projects and services

Capitalizing on its extensive experience and technologies in

every area of construction, is rapidly growing

into a global player at an annual average growth rate of 20%

since 2002.

has also become a prominent leader in hous-

ing construction, building more than 40,000 “Dream & Green”

prestige apartments throughout Korea and a series of “Gal-

leria Forêt” luxury high-rise commercial and residential build-

ings in Seoul. Another major project is the

Dream & Green Incheon EcoMetro, the nation’s largest urban

development project to date, consisting of about 12,000

residential units.

became the first Korean contractor to be li-

censed to build private-sector water treatment plants, after

developing the nation’s first advanced membrane filtration

water treatment technology. In addition, it is developing build-

ing-integrated photovoltaic (BIPV) and zero-emission solar

housing (ZESH).

Globally, the company is winning contracts for the construction

of power and petrochemical plants in the Middle East and North

Africa and developing large-scale real estate projects in the

Americas. In 2011, won a USD 1.25 billion EPC

order for the Yanbu II power and water project in Saudi Arabia.

It won Saudi Aramco’s USD 600 million marine terminal con-

struction project in 2012 as well as Saudi Ma’aden’s USD 935

million chemical plant construction project in 2014, both prov-

ing the company’s technical ability and competencies.

In May 2012, the company also signed a contract for a USD

8 billion new city project, the largest project ever won by a

Korean construction company overseas, to build approxi-

mately 100,000 homes in Iraq.

After a series of successful winning orders since 2008,

was ranked 88th on the list of Global Contrac-

tors announced in 2013. Its goal is to become a world-re-

nowned construction company by 2020 with a vision to “De-

sign the World.”

www.hwenc.co.kr

Major Businesses Construction and residential complexes, large-scale development, industrial plants, civil engineering and water treatment



Manufacturing &Construction


www.hwpd.co.kr

Major Businesses PVC coated fabrics, packaging materials,masterbatch and compounds, smart window



Established in 2003 from the merger of Hanwha Polymer and

Samjin Chemical, is a major Korean

maker of PVC coated fabrics and packaging materials.

The company sells its extensive lineup of high quality products

for the leisure, signage, construction, transportation, food,

household, and personal care industries in over 60 countries

worldwide. It acquired key patents and technologies for sec-

ondary battery parts in 2013 and is now working towards

commercialization. The company is improving its existing

product areas, enabling it to expand into the electricity and

electronics industries and transforming into an expert in func-

tional materials through the adoption of new technology to

improve the material’s functionality.

www.dreampharma.co.kr

Major Businesses Pharmaceuticals, biosimilars, health and beauty products



Founded in 1999, has developed a broad

range of high-quality prescription and over-the-counter drugs,

medical equipment, and skincare products. It is currently

focusing on developing new medications for high blood pres-

sure and hyperlipidemia. It is investing heavily in innovative

technology to fuel its growth. In July 2013, it obtained FDA

approval for BONVIVA PLUS, an incrementally modified drug

for the treatment of osteoporosis. It also entered a supply

agreement with Korea Roche, the Korean branch of Roche,

a global biopharmaceutical company. In addition, the com-

pany is now collaborating closely with on

a therapeutic antibody biosimilar.

www.hanwhatechm.co.kr

Major Businesses Industrial furnaces, factory automation systems, engine/transmission assembly, machine tools, solar and rechargeable batteries, aviation components



As a leading manufacturer of global machine equipment,

produces a wide range of complex indus-

trial machinery and tools using proprietary technology. Found-

ed in 1953 as a small industrial bearing maker, the company

has become a manufacturer of industrial furnaces, factory

automation systems, engine/transmission assembly, and CNC

lathes, and is a leader in Korea’s industrial facilities area.

added an aviation division to its portfolio in

2012. The company successfully developed thrust vector and

altitude control systems for the Korea Space Launch Vehicle-1

(Naro-1). Anticipating continuous future growth, it established

local production facilities in China and the US that are equipped

with a global response system.

has made great strides to become a glob-

al technology and machinery leader by strengthening its core

competencies in existing businesses, exploring new growth

engines, and expanding its global presence.

successfully developed Dae-

deok Techno Valley between 2001 and 2009, and is now a

leading private construction company specialized in the de-

velopment of multi-functional high-tech complexes.

’s successes at

(2,984,000m2, 300 enterprises, 8,000 households, scheduled

to be completed in 2014), (1,994,000m2,

200 enterprises, 6,000 households, completed in April 2014),

(1,522,000m2, 200 enterprises, sched-

uled to be completed in 2016), and

(1,745,000m2, 200 enterprises, scheduled to be

completed in 2016), have been benchmarked as exemplary

development models.

www.hcd21.co.kr

Major Businesses Real estate development

Project value _USD 632 million

_USD 325 million

_USD 498 million

_USD 488 million

Yeochun NCCwww.yncc.co.kr

Major Businesses Petrochemical feedstock production



Yeochun NCC operates the world’s leading naphtha cracking

facility in the Yeosu National Industrial Complex on the south-

ern 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 annually

produces 1.91 million tons of ethylene, 970,000 tons of pro-

pylene, and 2.32 million tons of various petrochemical feed-

stocks, including benzene, toluene, xylene, styrene monomer,

and butadiene.

With fully automated and optimized production processes of

high-purity feedstocks, this state-of-the-art facility provides

affiliates a competitive edge to produce high-qual-

ity downstream petrochemical products.

hec.hanwha.co.kr

Major Businesses Steam and electricity generation



Formed through the merger of Yeosu Cogeneration and Gun-

jang Cogeneration in 2012, is an environ-

mentally friendly company that pursues a sustainable business

model. With the production of a 373MW, 1700 ton state-of-

the-art cogeneration plant, it has been providing a stable

supply of high-quality electricity and ultra-high-pressure steam

to companies in the Yeosu and Gunsan National Industrial

Complexes.

The company promotes the growth of clean technology com-

panies in the two complexes by supplying competitively priced,

high quality, and reliable utilities services.

As an integrated utility center operating in Korea,

seeks to become a leader of the industry and will

continue to do its utmost to contribute to increasing com-

petitiveness overall in the energy industry.

www.hwam.co.kr

Major Businesses Automotive materials, electronic materials, solar materials



is now in the process of

transforming itself into a global manufacturer of advanced

materials.

Since the company entered the auto parts manufacturing in-

dustry in 1986, has been

supplying global automakers with a variety of interior and ex-

terior auto components made from lightweight materials such

as glass fiber mat-reinforced thermoplastic (GMT), lightweight

reinforced thermoplastic, and expandable polypropylene. Since

its acquisition of US-based thermoplastic composite maker

Azdel in 2007, the company has strengthened its position as

a global materials and components supplier. The company is

currently providing its products to leading automakers by es-

tablishing subsidiaries in the United States, China, and Czech

Republic.

In response to increasing demand for lightweight complex

materials, the company plans to expand production facilities

in its overseas subsidiaries. In 2013, the SuperLite production

line was constructed in Korea to ensure a production base

for exporting to automobile markets in Asia.

In May 2014, the company developed a technology used for

making hybrid-type front bumper beams for automobiles. The

technology is the first of its kind in the world. The breakthrough,

which was widely recognized in the industry, involves inserting

steel frames inside GMT to reinforce anti-crash performance

while also making the material even lighter.

The company’s electronic materials business has grown sig-

nificantly within since it suc-

cessfully localized flexible copper clad laminate technology

and its production, along with the tremendous growth of the

electronics industry in Korea. The company is currently mass-

producing an independently developed core material called

ITO film, and is marketing to the major touch screen panel

module companies in Korea and China.

also localized the production of EVA sheets for

photovoltaic module encapsulation in 2010, and now plays an

essential role in the Group’s solar energy business.

Finance

Finance62-63 Profile 2014 Businesses

Hanwha Life was the first among Korea’s large-scale life insurers to launch an online life insurance, Onsure, in 2013. It continues to expand the market through channel diversification.


provides a complete financial services platform of

insurance, asset management, securities and banking prod-

ucts, and ensures greater value creation for individual and

institutional clients by continuously adapting to today’s rap-

idly evolving capital markets.

, Korea’s first life insurer, is opening a new chap-

ter as one of the prominent, emerging leaders in the global

market as a part of ’s financial sector globalization

strategy. Anticipating growth opportunities in China and emerg-

ing markets in Southeast Asia, is expanding its

local footprint in the region. In January 2013,

formed Sino-Korea Life, a joint venture with Zhejiang Interna-

tional Business Group, and began operations with the vision

to grow Sino-Korea Life into one of the top three foreign-affil-

iated companies in Zhejiang, China by 2015. The company is

beginning operations of a local life insurance company in In-

donesia, and now has 8 branches in 6 different countries. Its

sustainable growth is the key to providing impeccable cus-

tomer-centric services and to enhancing shareholder value.

continues to innovate internally

to advance its business affairs and enhance core competen-

cies. The company is improving its system infrastructure and

strengthening its underwriting practices.

also has improved customer service by providing

sales support and improved customer complaint handling. It

also has made it easier for customers to electronically provide

signatures using mobile devices such as smartphones and

tablet PCs. The company’s relentless efforts to provide cus-

tomer-centric services have been well acknowledged by Ko-

rean government institutions.

was awarded three major service quality certificates (CCM

Certification, Call Center Service KS Certification, Certificate

of Excellent Service Quality) by Korean government agencies,

and the company aims to continue to maximize organiza-

tional performance to increase corporate value.

enhances customer value by

offering a full range of financial instruments, including stocks,

bonds, hedge funds, real estate, and ETFs. The company has

high industry expertise, broad knowhow, and a systematic man-

agement system for its fund management services as well as

product development, research, compliance, and risk manage-

ment. strives to reinforce and

extend partnerships with major institutions in order to maintain

its position as a top Korean asset management company.

As Korea’s 2nd largest asset management company,

endeavors to strengthen its position as

Korea’s most renowned asset management company by pro-

viding industry-leading products and services, and by effec-

tively communicating with customers.

has been successful with

customer investment with its capital markets expertise. The

company maintains a leading position by conducting profes-

sional and unbiased research to provide investment strategies

and corporate analysis, offering innovative financial solutions

and risk management to improve investor performance, and

securing expertise through a wide range of investment bank-

ing, equities, bonds, derivatives, and trading.

Company operations regarding fund sales have been evalu-

ated by the Financial Supervisory Service of Korea as top-notch.

Korea Exchange has also acknowledged the company for

stellar performance on compliance which is based on its ef-

forts for consumer protection.

Profile &Outlook

We’re committed to providing our clients with security and peace of mind.

www.hwgeneralins.com

Major Businesses Long-term, auto, property insurance, mortgages and personal loans

FY 2012 Total Sales USD 4,376 million

FY 2012 Total Assets USD 7,547 million



is the first Korean insurance

company to begin business solely funded by domestic cap-

ital. Since its establishment, it has been enhancing its com-

prehensive portfolio of insurance and loan products and

customer protection systems to improve the quality of ser-

vices and customer value.

The company is committed to improving customer value and

minimizing customer complaints. All job processes have been

standardized and focused on the customer, and detailed

quality criteria were established to achieve customer-centric

management.

Its efforts have been recognized with service quality certifi-

cates: CCM Certification, Call Center Service KS Certification,

and the Certificate of Excellent Service Quality. The com-

pany is making great strides to expand profitability of blue-chip

areas such as long term, auto, and general insurance, build-

ing a risk-based management structure, advancing the com-

pensation process to create contracts consistently, and fur-

ther strengthening the responsible management system in

each business area.

Since February 2012, when

received a credit rating of B++ from A.M. Best, it has been

acknowledged for its financial stability and growth potential.

It maintains an A+ rating in Korea based on its settlement

capability.

It also introduced an electronic signature system to support

sales, handle customer complaints, and provide customer

service for the first time in the insurance business arena, mak-

ing it easier for customers to perform tasks with their mobile

devices such as smartphones and tablet PCs.

The company expects to improve reliability further through

stronger Customer Relationship Management, and by provid-

ing customized and advanced products and services through

continuous service development.

is Korea’s first and second-largest life insurer.

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.

As of the end of December 2013, had obtained

an industry-leading solvency ratio of 244%. It also received a

sterling AAA credit rating from Korea’s top three rating agen-

cies, Korea Ratings, Nice Investor Service Co., Ltd., and Korea

Investors Service, Inc., for the past seven consecutive years.

’s value has been recognized through various

certificates and awards from government organizations and

other customer satisfaction survey firms. ranked

top in the life insurance sector of the Korea Service Awards

hosted by the Korea Standards Association for four con-

secutive years through 2013. It also ranked highest in fund

sales based on mystery shopper evaluations conducted by

the Financial Supervisory Service. For the 2013 Korea Service

Quality Index survey managed by Korea Management Asset

Consulting, it was at the top for customer service and call

centers for the fourth consecutive year. Its ARS service man-

agement was also rated highly. The Fair Trade Commission

has also awarded for its outstanding perfor-

mance in “customer-centric management” for four years.

has set out its new vision of becoming “a

global insurance company, growing together with customers”

and is strategically expanding its global presence in key over-

seas markets such as Tokyo, London, Beijing, and New York.

The company is also working hard to become a leading

global insurer in China and in emerging markets in Southeast

Asia. In April 2009, began insurance sales in

Vietnam, and in January 2013, the company also launched

Sino-Korea Life, a joint venture with Zhejiang International

Business Group. Also, with the acquisition of an Indonesian

life insurance company in December 2012, it is now planning

to officially begin operations in Indonesia.

www.hanwhalife.com

Major Businesses Life insurance, asset management, mortgage loans, personal loans

FY 2012 Total Sales USD 13,186 million




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.


Finance


www.hanwhainvestment.co.kr

Major Businesses Private equity and venture capital

FY 2012 Total Sales USD 8 million

FY 2012 Total Assets USD 55 million



Established in 2000, focuses on man-

aging venture funds and private equity funds for the nation’s

major pension funds and institutional investors. It is becoming

Korea’s representative PE/VC house. It is using ’s

knowledge in manufacturing, services, and finance accumu-

lated over more than 60 years to explore special opportunities

in growth capital execution and buyout. It is also making

strides to become a leading investment company across Asia

through overseas investment.

www.hanwhasbank.com

Major Businesses Deposits, commercial and personal loans, bonds with warrants, convertible bonds





, founded in 1997, was incorporated

under the Group after recapitalization by

in 2008, and has become one of the most stable savings

banks in the industry despite the challenging market environ-

ment. has become a leading bank,

extending the fundamental roles of microfinance institutions

and supporting small and medium-sized businesses. The bank

strives to benefit its clients and society as a whole by develop-

ing new products and expanding in niche markets. Its risk

management system enables us to perform the role of a sound

financial institution faithfully. is com-

mitted to providing its individual and business clients with top

quality financial products and services.

is Korea’s top-tier asset

management services provider, offering a full spectrum of

financial services and products including brokerage and ac-

quisition of equities, bonds, derivatives, sales of various fi-

nancial products, and asset management services. Since its

establishment in 1962, it has been well positioned as a reliable

partner.

Delivering high quality services and value creation to clients is

the highest priority at .

The company offers extensive market analysis, innovative

solutions development, and risk management operations. A

group of highly-trained private and investment bankers at

are at the forefront of Korea’s dynamic financial

market, delivering premier services to ’s retail and

institutional clients. Through its call centers, it provides sat-

isfactory service to customers. In 2013,

was acknowledged for its reliability and ranked

highest for sales in its company evaluation conducted by the

Financial Supervisory Service and Korea Investors Protection

Foundation. It was also recognized by the Korea Exchange

for compliance.

www.koreastock.co.kr

Major Businesses Securities brokerage and underwriting, asset management





is the 2nd largest asset man-

agement company in terms of AUM. The company offers a

full range of financial instruments, including stocks, bonds,

MMFs, fund of funds, social overhead capital, derivatives,

real estate, hedge funds, and ETFs, in both domestic and

overseas capital markets. The company is committed to pro-

viding investors with new investment solutions based on

rigorous research, disciplined portfolio management, trans-

parency and integrity.

’s disciplined approach to asset management has

been recognized by numerous industry awards in Korea,

including the Excellence Prize at the 2014 Korea Fund Awards

for the Long-Term Corporate Bond Funds, the Grand

Prize at the 5th Asia Fund Awards for the Global

Healthcare Fund, and the Best Overseas Fund Prize at the

2013 Money Today Korea Fund Awards for the Ja-

pan Core Fund. The company also received the Grand Over-

seas Fund Prize and the Grand Domestic Fund Prize at the

2013 Herald Business Fund Awards, for the Stra-

tegic Income Fund and Long-Term Corporate Bond

Funds, respectively.

aspires to become a top-tier

asset management firm in the broader Asian capital market

and is strategically channeling its resources to develop various

overseas funds and set medium-and long-term plans for lo-

calization in key countries.

www.hanwhafund.com

Major Businesses Asset management





Services&Leisure

Services &Leisure


Profile &Outlook

We’re committed to making life richer and more enjoyable.

Services &Leisure


Galleria Luxury Hall provides its customers with an unparalleled shopping experience as Asia’s number one premium retailer.

’s services and leisure business makes different at-

tempts to increase customer value while focusing on becom-

ing a leading global leisure company.

has strengthened its position as

Korea’s top resort operator through continuous renovation. In

2011, the company completed major renovations at the main

complex of its flagship Sorano facility in Seorak, followed by

the renovation of Paros in Daecheon and Tivoli in Haeundae.

In 2013, inspired by the purest lake in Europe, Annecy in the

Alps, Hanwha Resort in Sanjeong Lake was renovated into

Hanwha Resort/Sanjeong Lake Annecy.

’ Saipan World Resort was designed so that every

room has an ocean view.

THE PLAZA has received a wide variety of Korean and inter-

national media praise for its creative designs, unparalleled

customer service, and state-of-the-art operating systems: true

hallmarks of a luxury boutique hotel. It has been selected as

Asia’s top hotel by Smart Travel Asia and TripAdvisor, and

firmly established itself as a global hotel company. “63 Con-

vention 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 ambitious plans to

become a global player in the aquarium industry. In 2012, the

company opened Aqua Planet Yeosu, an eco-friendly aquar-

ium, and Aqua Planet Jeju, the largest such facility in Asia.

Aqua Planet Ilsan opened in April 2014, joining ’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.

With the vision of Asia’s number one premium retailer,

has taken a number of bold steps to distinguish itself

from competitors, including the renewal of Luxury Hall West

in 2014. It expects to build an optimized premium network in

Korea and provide customers with unmatched shopping ex-

periences.

The company has strategic plans to enhance its core compe-

tencies by strengthening its merchandizing and marketing

practices and adding directly-imported and private-brand prod-

ucts to its portfolio to ensure shoppers a wide range of special-

ized, high-end shopping experiences. The company is also

enhancing its online shopping services by incorporating new

IT trends such as social media and smart devices.

Besides Seoul Station, also

successfully built a station in the Cheongnyangni area –

175,000m2 in size and created a new shopping complex in

northeastern Seoul. ’s knowl-

edge will help the company grow into Korea’s number one

real estate development and management company for mu-

nicipal building management, M&As, sales contents expansion,

lease and operation system.

Services &Leisure


Based on 27 years of experience from operating the 63 Seaworld, Aqua Planets in Yeosu, Jeju, and Ilsan were launched, building the largest aquarium belt in the nation.

As Korea’s premier and largest resort operator, Hanwha Hotels & Resorts operates twelve directly-run condominiums and golf courses, with constant renovation of our facilities for full customer satisfaction.

63 CONVENTION CENTER boasts a luxurious and exquisite Grand Ballroom which features every fine detail required to host memorable events such as weddings, special events, family parties and also to host corporate conferences and corporate events.

Services &LeisureBusinesses

THE PLAZA is located in the heart of Seoul, and it provides sentimental designs and exquisite services, corresponding to its motto “Stay in Style” as a luxury boutique hotel.

76-77 Profile 2014

Services &Leisure


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.

www.hanwhagalleria.co.kr

Major Businesses Retail, fashion, food and beverage


2013Total Assets USD 1,631 million

Founded in 1976, was Korea’s first luxury

department store, importing a series of high end brands from

overseas. It has become a “hot spot” for tourists and emerged

as one of the hottest destinations for fashion and style in Asia.

Galleria Luxury Hall West, which was reopened in March 2014,

was the first open-space type department store in Korea. Lo-

cated in prime locations across the country, the company also

offers its customers a suite of sophisticated shopping oppor-

tunities. It operates under a long term vision of being Asia’s

number one premium retailer, providing special customers with

special experiences and pioneering trends. In 2014, it also be-

gan operating airport duty free stores, which are projected to

become a new growth engine for the company.

owns and operates an interna-

tional network of hospitality and leisure businesses. The

company began as the developer of Korea’s first resort con-

dominium project in 1979 and grew rapidly after joining

in 1986. In 2009, it merged with Hanwha Develop-

ment and , which created a diversified busi-

ness portfolio including hotels, resorts, gourmet restaurants,

banquet services, and leisure attractions.

, a major player in Korea’s hos-

pitality industry, owns and operates Seoul’s 410-guestroom

luxury boutique hotel, THE PLAZA, and Korea’s largest con-

dominium chain across 12 properties with a total of over 4,800

guestrooms.

The company is also actively expanding overseas with part-

nerships 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. It also operates the Ocean

Palace Golf Club and Resort in Nagasaki, Japan and the

Saipan World Resort. The company owns and operates pre-

mier public and private golf courses in Japan and Korea with

a total of 126 holes. In addition, the company operates a

number of themed destinations and resort attractions across

Korea, including Seorak Waterpia, Gyeongju Springdome

water parks, Jeju Therapy Center, Royal Saddle Equestrian

Society, Seorak Cinerama Film Lot, and Jade Garden in Chun-

cheon. The company operates the premium 63 Restaurant

and 63 Convention Center within the 63 Building, providing

the best service to customers.

The company opened Aqua Planets in Yeosu, Jeju, and Ilsan,

giving home to rare marine species and valuable marine bio-

logical research.

also has its own dining, catering,

and banquet businesses, with over 300 dining facilities across

Korea, and manages a state-of-the-art distribution system.

www.hwrc.co.kr

Major Businesses Resorts, hotels, leisure, food services



is the largest high-end depart-

ment store in the central part of Korea. It specializes in luxu-

rious fashion brands from around the world, hosting the area’s

first Louis Vuitton, Gucci, and Prada stores, and cementing

its status as the premier high-end shopping destination in

Daejeon. This regional landmark is also a cultural hub, hous-

ing a community center that caters to a broad range of ac-

tivities with over 400 seasonal programs during the year.

www.hanwhagalleria.co.kr

Major Businesses Retail, fashion



SocialResponsibility

Services &Leisure


www.63realty.co.kr

Major Businesses Property management, renewable energy solutions



manages buildings and real estate prop-

erty including the 63 Building, a landmark of Seoul, for

’s affiliates and other numerous clients. Founded in

1986 and acquired as a affiliate in 2002, the com-

pany has accumulated significant know-how in the areas of

property management services; consulting, leasing, and fa-

cility maintenance. The company also provides state-of-the-

art solar and geothermal energy solutions to the residential

and commercial markets. This synergistic business portfolio

and nationwide network have been the keys to the company’s

continuous growth, and it will continue to innovate itself to

satisfy customers and stand as Korea’s number one prop-

erty management expert.

www.hsnc.co.kr

Major Businesses Integrated IT business services



Founded in 2001, provides world-class IT so-

lutions and services to the financial, manufacturing, construc-

tion, service, and education industries by synthesizing smart

technology and creative ideas. Based on a comprehensive

data center built with cutting edge infrastructure, it has ac-

quired the IT industry’s most prestigious recognition, such

as CMMI Level 5 Certificate, ISO 9001, ISO 20000, and ISO

27001 certification. With high-end technology, the company

provides its customers with impeccable IT solutions and ser-

vices around the world. Furthermore, the company leads the

IT convergence market with its comprehensive business

portfolio encompassing building and road, industrial automa-

tion, home network, energy demand management systems,

and intelligent water pipe network solutions.

www.hancomm.co.kr

Major Businesses Integrated marketing communications services



is one of Korea’s top advertising agencies. The

company provides integrated marketing services encompass-

ing every aspect from market consulting, research, promotion,

and digital interactive marketing, as well as ad planning, produc-

tion, and media placement. This enables clients to creatively

and effectively engage their target audience. Since its establish-

ment in 1983, the company has grown into a creative expertise

group in Korea and continues to secure a strong position as a

“communication solutions partner” providing creative, innova-

tive, and strategic solutions of the utmost quality.

www.hwsd.co.kr

Major Businesses Commercial development, property management



is the developer and man-

ager of two major commercial railway stations in Seoul. The

company successfully developed the station complex for Seoul

Station and Cheongnyangni Station, the logistics hub in the

northeastern part of Seoul. With this expertise, the company

will become a professional commercial facility development

and operation company.

SocialContribution

SolarSharing

EnvironmentalResponsibility

SupportingSports

WinningPartnerships

HumanResources

82-83 Profile 2014 Social Responsibility

Ourfocus oncommunity ismakinga brightertomorrow.

SHaRing EnERgy fOR LifEWe are committed to fulfilling our corporate social responsibility in such areas as social welfare, arts and culture, public services, and foreign aid. Led by the Hanwha Social Responsibility Center, our more than 70 workplaces in Korea and worldwide strive to share the energy of life with our neighbors, communities, and the world.

SHaRing ExPERtiSE inSOLaR EnERgyWe have become a leader in educating, sharing and installing solar power facilities around the world with the goal of lessening the threat of climate change and sharing the value of renewable energy. We have installed solar power generating systems at a number of community service facilities as a part of this effort.

SPOnSORing SPORtSWe believe in the positive force and sense of com-munity that sports bring to our community. Sports unite people through collective team spirit and good spirited individual competition. For this reason, we actively sponsor various team sports and less popu-lar sports, and operate a professional baseball team. Now we are extending our sponsorship to baseball and soccer teams in Europe and North America.

gOing fuRtHER tOgEtHERAt Hanwha, we believe in going further together rather than faster 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.

Social Responsibility

Serving wiTh excellence

On our 50th anniversary in 2002, re-

organized our outreach programs and made

them even more effective. In 2007,

also established the Social Respon-

sibility Center. A designated team of employees

at each affiliate works with local non-

profit organizations to implement programs that

meet the needs of local communities.

MAjor SociAl conTriBuTionS

Volunteer work teaches music, fine

arts, performing arts, and crafts to children from

low-income families through a group-wide vol-

unteer program. In 2011, was award-

ed the grand prize at the Mecenat Conference

and Awards in recognition of the program. In

2012, hosted a symposium featuring

experts from the academic, arts and culture

worlds under the theme of “Educational Achieve-

ments to Date.”

Arts and culture also supports and

sponsors a broad range of arts and cultural events

like the Symphony Festival, which holds 20 con-

certs every year. Since 2000, it has become

Korea’s leading classical music festival. Each fall,

also sponsors the Seoul International

Fireworks Festival with more than one million

spectators taking part along the Han River.

Public Service Within the communities where

operates, also supports the

development of eco-friendly social enterprises,

funding 18 small businesses in 2012 and 20 in

2013, while also assisting eco-friendly enter-

prises with financing, product development,

marketing, and business development. In addi-

tion, together with the Korea Advanced Institute

of Science and Technology, offers

business management programs for social en-

trepreneurs as a means to contribute to enhanc-

ing their management competencies and in-

vigorating the landscape for social enterprises.

has also been producing free braille

calendars for the visually impaired since 2000.

SupporTing fuTure young leAderS

In 2011, began sponsoring the

Science Challenge for discovering

future talent in the science and technology fields.

Its aim is to identify young science talent through

a national science fair for high school students

and to nurture these promising science students

so that they can become well-respected and

distinguished scientists in the future who can

compete alongside other top scientists of the

world. also launched the Wing Sharers

Leadership Conference in 2012, introducing a

new model of mentoring and training for global

talent development. The conference brings to-

gether Harvard University undergraduates with

high school students from underprivileged back-

grounds where the high school students are

encouraged to learn, discuss and debate on

various topics.

SocialContributionWe carry out our social responsibilities as a responsible

corporate citizen, and encourage our employees to

actively participate in such endeavors.

hAppy SunShine

The most renowned program to date is our Hap-

py Sunshine campaign, which donates power

generation systems to communities in Korea. 86

systems have been installed and over the next

ten years, plans to donate more than

500 additional ones.

expanded the Happy Sunshine pro-

gram overseas, installing in December 2013 a

30KW rooftop photovoltaic equipment in an el-

ementary school in Hubei, China in partnership

with the China Youth Development Foundation.

The goal was to improve the schools and teach

the value of renewable energy.

helping The fighT AgAinST

deSerTificATion

In collaboration with the UN Convention to Com-

bat Desertification, donated a solar

power plant, providing power to a 3,200 m2 tree

nursery for reforestation of the Mu Us Desert.

also planted 230,000 trees in the Na-

ture Conservation Area in Tujiin Nars, Selenge,

Mongolia to create the first Solar For-

est in 2012. In September 2013, the second

Solar Forest was built in the Mu Us

Desert in Lingwu City, China. ’s anti-

desertification efforts contribute to water purifi-

cation and pest control.

operATing An eco-friendly AquAriuM

opened Aqua Planet Yeosu

during Expo 2012 in Yeosu, Korea. Open year

round, Aqua Planet Yeosu has raised

the public’s awareness of the positive impact of

solar energy by operating a solar power system

installed on its roof to supply clean power for the

aquatic support system at the facility.

SolAr pAnelS donATed To The

ciTy of dAvoS

The World Economic Forum, held annually in

Davos, Switzerland, addresses key issues facing

the world such as environmental sustainability.

The PV modules donated to the City of Davos

by have a capacity of 340KW,

equivalent to reducing 20 tons of CO2 emissions

per year.

SolAr educATion for The puBlic

offers solar energy classes on a quar-

terly basis with the Korean Federation for Envi-

ronmental Movement. The goal is to teach the

need for eco-friendly renewable energy, the fun-

damentals of solar power, and ways to install

solar panels. also visited

elementary schools and social welfare centers

and offers opportunities to assemble solar-

powered cars to 1,800 children from 26 elemen-

tary schools and 4 institutions.

SupporTing eArThquAke relief

also participated in the relief efforts

after the earthquake that struck Japan in 2011

by donating emergency aid supplies and con-

struction materials and installing 12KW solar

power systems at a number of schools in the

area, including the Taneichi kindergarten school

in Iwate.

1

2

[1] The Happy Sunshine campaign donates

solar power systems to community welfare

facilities.

[2] Donation of photovoltaic modules to the

World Economic Forum Congress Center

in Davos, Switzerland

SolarSharing is defining a new example of corporate giving

in the area of environmental sustainability by donating

solar energy generation facilities to our communities.

1

2

[1] Hanwha donates some 50,000 braille

calendars to the visually impaired each year.

[2] Seoul International Fireworks Festival

84-85 Profile 2014


SponSoring SporTS worldwide

supports sporting around the world to

contribute to healthier lifestyles and bring diverse

communities together.

Soccer As an official solar energy partner,

continues to support Juventus F.C. of the Italian

Serie A, which won a total of 31 league titles, in-

cluding back-to-back Serie A titles in the past two

seasons. conducts a monthly digital

global campaign called ‘Mr. Energy powered by

,’ in which the player who contributed the

most energy to the team is voted for online by glob-

al soccer fans. These efforts, in return, help create

energy to fuel the lives and spirit of Juventus fans.

From 2011 to 2013, also sponsored

Hamburg SV, for which Korean soccer player

Heung-Min Son played. installed solar

power systems on the rooftop of Osterbek School

in Hamburg in partnership with Hamburg SV,

providing the school with clean power and help-

ing students learn about the value of renewable

energy. also sponsored the Bolton

Wanderers of the English Premier League during

the 2011-2012 season.

Baseball From April 2012, has been an

official solar partner of one of the most storied

Major League Baseball franchises, the San Fran-

cisco Giants. As part of the sponsorship,

runs a variety of eco-friendly programs.

installed a PV panel in the AT&T Stadium, and ran

a recycling project called Green Team,

which encouraged people to recycle after the

second half of the seventh inning with eco-friend-

ly messaging. also sponsored free PV

solutions for the San Francisco Boys and Girls

Club based on home runs of the Giants’ players.

The Giant’s eco-friendly activities were recognized

with the prestigious Green Glove award for 7

years in a row.

In 2014, continues to donate a certain

portion of every single PV solution purchase to

the Jr. Giants, a community based youth program

focusing on baseball, education, health and vio-

lence prevention. And every month,

selects the most energetic athlete by fan votes,

and raises money to support the Jr. Giants by

converting all the votes into money.

Basketball What better way to promote the idea

of sustainable energy solutions than by hosting

one of the world’s most exciting basketball tourna-

ments? was a proud sponsor of the 26th

annual FIBA Asia Championship.

operATing And ASSiSTing

SporTS TeAMS in koreA

owns the , one of Ko-

rea’s favorite professional baseball clubs.

also promotes less popular sports such as shoot-

ing and horseback riding. For example,

has supported the Galleria Shooting Team since

2001 and sponsored the Chairman’s

Cup National Shooting Championship since 2008.

In golf, founded in 2011

and hosted the Finance Classic. In the

same year, then member So-

Yeon Ryu won the US Women’s Open with a

dramatic come-from-behind finish.

SupportingSports seeks to provide energy for life to its customers

and also endeavors to share and provide its full commitment to

the teams and the athletes as its partners.

1

2

[1] The LED sign powered by Hanwha’s

solar panels at AT&T Park, home of the San

Francisco Giants

[2] Share the energy of life with soccer fans

around the world by supporting Juventus

FC in Italy

’S AdvAnced environMenTAl

MAnAgeMenT

In 1991, became the first Korean com-

pany to implement the ECO-2000 campaign. It

proclaimed its Environmental Safety and Health

Policy in 2000. It has also implemented sustainable

management practices on environmental, safety,

health, energy, and greenhouse gas issues. The

Group, as a whole, voluntarily partici-

pated in the Carbon Disclosure Project in 2011 which

was a first in Korea. The company uses globally

renowned companies for benchmarks, and also

established a mid-term action plan and a master

plan for greenhouse gas and energy by 2020.

will effectively respond to the tradable

permit system when it is implemented in 2015.

eco-friendly r&d And BuSineSSeS

is taking the lead to foster a

clean and green environment for generations to

come by seeking ways to reduce greenhouse gas

emissions and develop eco-friendly products. In

2013, received the first Carbon

Trust Standard (CTS), an international carbon en-

ergy management assessment system. And in the

same year, the company was inducted into the Dow

Jones Sustainability Index for Asia-Pacific and Ko-

rea. also received the Carbon

Footprint certificate in France in 2013, proving its

efforts to develop and manufacture top-quality

products in an environmentally-friendly way. In 2014,

was among the first solar en-

ergy solution providers to receive Product Carbon

Footprint Certification (ISO 14067) based on new

international standards.

reducing greenhouSe gASeS

And wASTeS

Reducing greenhouse gas emission is at the top

of the agenda for all companies around the world.

Since 1999, officially began its effort to

reduce its carbon footprint by organizing an en-

ergy task force to reduce CO2 emissions and save

energy. It reduced its waste disposal through more

recycling waste paper and waste concrete and

reusing computer toner and waste ink.

has also installed water-saving equipment in its of-

fice buildings, hotels, and resorts. In 2013,

reduced its energy consumption to 17,472 TOE,

saving USD 11.4 million, which in turn reduced

greenhouse gas emissions by 48,000 tons. The

waste disposal and treatment expenses were also

reduced by USD 2 million, or 15,000 tons of waste

material and 519,000 tons of wastewater.

EnvironmentalResponsibility has long been a conscientious steward of the environment since 1991.

We are focused on reducing environmental impacts and associated costs

through low-carbon energy sources and eco-friendly procedures.

[1] Hanwha Chemical was the first Korean

chemical company to obtain the CTS cer-

tificate.

[2] Hanwha Q CELLS headquarters

2

1


coMMiTMenT To MuTuAl growTh

Since 2009, has fostered fair and col-

laborative partnerships with some 1,200 small-

and medium-sized enterprises (SMEs).

helps them grow their businesses by strengthen-

ing their competencies. In October 2011,

set out major principles to promote and sustain

mutual growth with our partners: to not compete

in businesses suited for SMEs, to increase sup-

port for our SME partners, to install an eco-

friendly business structure, to expand our eco-

friendly community programs, to establish

charitable foundations, and to implement sus-

tainable growth strategies.

Building winning pArTnerShipS

Mutual respect and shared vision with ’s

partner companies has made our remarkable

growth and achievements possible.

actively engages with our partner companies,

including frequent meetings between the CEOs

of different affiliates and leaders of our

partners, to improve our business practices,

resolve any challenges facing us, and thus build

winning partnerships.

and

launched the Win-Win Cooperation Council to

establish venues to share ’s expertise

and best practices with our partner companies

by providing joint venture opportunities, technol-

ogy/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. Through this program,

has successfully implemented a num-

ber of win-win growth initiatives such as financial

assistance, flexible payment terms, technology

development and support, quality improvements,

and professional training. consistent-

ly evaluates its progress and makes improve-

ments to ensure that it is channeling its person-

nel and organizations efficiently to maximize the

positive impact on our shared growth.

launched the “Building A Greater

Workplace” campaign. The company’s cus-

tomer service experts visit corporate clients and

public organizations, offering them complimen-

tary customer service advice and training to

promote a more positive and healthier working

environment.

signed an MOU with a meis-

ter high school in Seoul to provide specialized

vocational training and job placement activities at

the school by offering students training classes in

chemicals, machinery, and electricity. Participants

in this “ Class” program often

receive career opportunities at .

WinningPartnershipsWe strongly believe in achieving sustainable, mutual growth

by “going further together” with our valuable partners around

the world rather than “going faster, alone.”

1

2

[1] Hanwha makes consistent communica-

tions with partner companies to promote

share growth.

[2] Public ceremony to uphold the principles

of fair trade and win-win collaboration with

our small- and medium-sized business

partners

ShAring vAlueS

Our senior executives actively participate in

regular recruiting programs, internship programs,

and ongoing specialist recruitment in Korea and

abroad. strives to hire people who

relentlessly challenge themselves to find innova-

tive and creative ideas; people who pursue excel-

lence; people who are loyal to customers, col-

leagues, and the company; and people who work

hard to achieve their goals, and those of the

group and community.

TrAining STrATegicAlly

operates a broad range of training pro-

grams, including orientation courses for both new

and experienced hires.

At the end of 2012, our new human resources sys-

tem was refurbished to ensure that all our employ-

ees are fairly evaluated based on performance.

In March 2013, changed the employ-

ment status of more than 1,900 of our non-reg-

ular workers to full-time employees, a first among

Korea’s top-ten business groups.

In addition, open employment for hiring high

school graduates was implemented for the first

time among Korean conglomerates. The com-

pany university has received approval from the

Ministry of Employment and Labor, and provides

education for finance, hotel management, and

architecture, among others.

culTivATing STrong fuTure leAderS

In addition to our standard training programs,

also supports a variety of advanced

degree programs to train ’s top talent

that will lead us in the increasingly competitive

global market. These programs include MBA and

other post-graduate programs at leading univer-

sities around the world. also sponsors

executive participation at schools such as MIT,

Stanford, and the London Business School.

fAciliTATing work-life BAlAnce

Since September 2013, employed a

company-wide work-life balance policy to improve

the quality of life for employees and help resolve

social issues such as the low birth rate and em-

ployment stability for women. Five workplace

nurseries were installed for working moms, and

the program is being expanded to two addi-

tional areas in 2014. In addition, a special pack-

age for working moms containing various ma-

ternity items is being distributed to employees

who are pregnant or whose spouse is pregnant.

Expecting and current mothers are also given a

special pink ID card holder so they receive spe-

cial care. With these programs, a total of eight

companies, including four from the manufactur-

ing and construction sector, two from the finance

sector, and two from the services & leisure sec-

tor, were certified as family-friendly corporations

by the Ministry of Gender Equality and Family.

Also, received the “Best in

Manufacturing Award” and the “Best CEO Award”

for two years in a row, while re-

ceived the “Best in Finance Service Award” for

three consecutive years from “Korea’s 100 Best

Places to Work Award” selected by Great Work

Place Korea.

HumanResourcesHiring and cultivating human capital is essential to achieving

our Quality Growth 2020 vision. Our highly-motivated people are

the foundation of our strength and a beginning of our brighter future.

2

1

[1] Hanwha Human Resources Develop-

ment 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.

90 Profile 2014

Quality Growth

Top-notch talent, innovative technologies,and trusted partnership are the cornerstones of ’s vision of “Quality Growth 2020,”which motivates, inspires, and drives us to dreambeyond our imagination.

www.hanwha.com July 2014

Published by Hanwha Group Management & Planning H.Q.

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