Hanwha Group (Korean: 한화그룹; Hanja: 韓火그룹; RR: Hanhwa Geurup) is a large business conglomerate (chaebol) in South Korea.
[2] Founded in 1952 as Korea Explosives Co. (한국화약주식회사; 韓國火藥株式會社), the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosives—their original business—to energy, materials, aerospace, mechatronics, finance, retail, and lifestyle services.
[3] Since 2019, Hanwha is operating the largest solar module plant (1.7 GW) in the United States; It is located in Dalton, Georgia.
[6] In 2011, Kim Seung-yeon, the current chairman of the Hanwha Group, was fined 5.1 billion KRW and was jailed for 4 years on charges of embezzlement and breach of trust.
[7][2] In a meeting held on May 21, 2022, Kim Dong-kwan, the president of Hanwha Solutions, laid down a plan to spend 36.7 trillion KRW on its energy and aerospace sectors.
[10] Hanwha operates in the onshore and offshore wind power generation sectors, with a focus on Europe through its subsidiary Q Energy, as well as the domestic market.
[12] Hanwha Solutions produces basic petrochemical products, such as PVC (Polyvinyl Chloride), LLDPE (Linear Low-Density Polyethylene), CA (Caustic Soda), ASR (Alkali Water Soluble Resin), and TDI (Toluene Diisocyanate), as well as working on eco-friendly technologies including low-impact plasticizers.
[buzzword][citation needed] Hanwha engages in retail & services such as department stores, hotels, and resorts, as well as developing large-scale complexes.