*This content was translated by AI.
Hanwha Group's Tech & Life Solutions division, Hanwha Machinery & Services Holdings (HanwhaM&S), has officially launched.
On the 3rd morning, HanwhaM&S held a launch ceremony at The Plaza in Jung-gu, Seoul, formally declaring the company's establishment.
Board members including Kim Hyeong-jo (CEO) director and three internal directors, along with four independent directors such as Professor Cho Min-ho of Hanyang University, convened an board meeting to approve key agenda items including the appointment of executive officers like the CEO, committee establishment, and adoption of internal regulations.
The newly established holding company HanwhaM&S is divided into two major sectors: Tech and Life Solutions. The Tech sector comprises Hanwha Vision, Hanwha Semitec, Hanwha Momentum, and Hanwha Robotics, while the Life sector includes Hanwha Galleria, Hanwha Hotel & Resort, Ourhome, and others.
There are a total of 57 affiliated companies (including overseas subsidiaries), with consolidated sales expected to reach approximately 6 trillion won by the end of 2025, and total assets estimated at around 11.3 trillion won. Kim Hyeong-jo (CEO) director has been appointed as the first head of HanwhaM&S.
Born in 1968, Kim (CEO) joined Hanwha Group in 1994 and has accumulated over 30 years of experience spanning business strategy formulation to on-site operations across various fields. From 2021 for four years, he served as CEO of Hanwha Hotel & Resort.
The Tech & Life Solutions division plans to swiftly implement management strategies reflecting business characteristics and market conditions under the leadership of HanwhaM&S, aiming to continuously enhance corporate and shareholder value.
A HanwhaM&S official who spoke with this newspaper by phone stated, "It is expected that investment in and expansion of the Tech & Life Solutions sector will accelerate as the complex business discount is resolved."
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*This content was translated by AI.
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