Hanwha Group is one of Korea’s top ten enterprises. Six of its 56 affiliates are publicly traded, including Hanwha Chemical Corporation and Korea Life Insurance, the second-largest insurance company in Korea.
In 2010, Hanwha Group achieved total assets of approximately USD83 billion and total sales of approximately USD 27 billion. Originally established in 1952 as an industrial explosives manufacturer, Hanwha Group has actively expanded its business scope through both organic growth and corporate acquisitions. Hanwha Group is currently engaged in three core business areas: manufacturing/construction, finance and service/leisure.
The Hanwha Finance Network is divided into asset management, securities and insurance capabilities and comprised 55% of Hanwha Group’s total revenue in 2010. This financial powerhouse, backed by Korea Life Insurance, the second largest insurer in Korea, will act as the backbone in providing financial solutions for PV projects.
As a top Korean business enterprise, ranked 358th in the 2010 Fortune 500 and with a 60-year history, Hanwha Group has the stability and reliability to provide long term warranty to our customers.