Hanwha Corporation, the parent company of Hanwha Group, was founded in 1952. Since then Hanwha Corporation has grown into one of the nation's leading companies, with two major business units: The Explosives Division which makes commercial explosi-ves, technologically advanced defense industry products and aerospace products, and the Trade Division, which, by using the company's vast global network, deals with a variety of products, including petroleum, metals, and other goods.
Hanwha Corporation is now poised to take another giant leap forward, as it positions itself to become a global leader in the twenty-first century, fully committed to its bold drive to create better products and services.
The Explosives Division is where everything began for Hanwha Group, as it is known today. It was founded in 1952 under the name of Korea Explosives. The Division played a major role in the growth of the Korean economy after the Korean War.
It entered the defense industry early on, using its extensive industrial experience and expertise and has invested in research and development in a variety of areas ranging from munitions to advanced technology precision guided weapons. Hanwha Corporation has also entered into the auto-parts and aerospace industries as part of its pre-emptive strategy to anticipate changes in the world of globalization.
From its centers of innovation in its Boeun, Yeosu, Daejeon, Gumi and Asan manufacturing facilities, to its Main Research & Deve-lopment Center as well as its Aerospace Research & Develop-ment Center, the Explosives Division has laid a solid foundation for its determined drive to become a leading global enterprise.
The Trade Division is the international trading arm of Hanwha Corporation, which plays a significant role as the group's global outpost.
The Trade Division has 9 regional subsidiaries and 19 branch offices in the US, Europe and Japan through which the Division not only handles trade of such items as raw materials, food resources and daily goods, but also engages in natural resources development, enters into strategic partnerships with other global companies and makes direct foreign investments.
The Trade Division will continue to play a critical role and ensure the sustainable growth and enhanced competitiveness of the Group by expanding its global management infrastructure to India, China and CIS, investing in natural resources development and entering into promising future growth industries such as new forms of renewable energy.