Hanwha M&S Launched... Kim Dongseon to Lead Discovery of Future Growth Engines

New Holding Company Launched to Oversee 57 Affiliates
Strengthening Expertise and Business Synergy
President Kim Dongseon to Oversee Discovery of Future Growth Drivers
Pursuing Corporate Value Enhancement and Expansion into New Markets

Hanwha Machinery & Services Holdings (Hanwha M&S), a newly established holding company overseeing Hanwha Group's Tech and Life Solutions businesses, has officially launched. The company aims to build a business management system focused on enhanced expertise and to secure future growth engines by leveraging synergies among its affiliates.

At the launch ceremony of Hanwha M&S Holdings held on the 3rd at The Plaza Hotel, Dongseon Kim, President of Future Strategy (fifth from the left), is taking a commemorative photo with key stakeholders.

On August 3, Hanwha M&S held its launch ceremony at The Plaza Hotel in Jung-gu, Seoul, and declared its official establishment. At the board meeting held the same day, the company appointed CEO Kim Hyungjo and other executives, established various committees, enacted internal regulations, and formally began operations under its holding company structure.

Hanwha M&S is operated by two pillars: Tech and Life Solutions. The Tech sector includes Hanwha Vision, Hanwha Semitek, Hanwha Momentum, and Hanwha Robotics. The Life sector encompasses Hanwha Galleria, Hanwha Hotels & Resorts, and Ourhome. The total number of affiliates, including subsidiaries and overseas entities, amounts to 57. As of the end of 2025, the company projects consolidated sales of approximately 6 trillion won and total assets of 11.3 trillion won.

The core objective of Hanwha M&S's launch is to enhance business expertise and establish an independent decision-making system to strengthen corporate competitiveness. By formulating strategies centered around the holding company, Hanwha M&S aims to quickly respond to each business's unique attributes and market changes, while also expanding cooperation between the Tech and Life divisions to uncover new growth opportunities. Through these efforts, the company seeks to eliminate the undervaluation caused by its complex conglomerate structure and accelerate investment and business expansion.

Kim Hyungjo has been named as the first CEO. After joining Hanwha Group in 1994, Kim accumulated extensive experience in business strategy and field operations, and most recently served as CEO of Hanwha Hotels & Resorts. Leveraging his experience, he is expected to lead the new holding company to a stable settlement and strengthen its organizational competitiveness.

Kim Dongseon, President of Future Strategy, was also present at the launch ceremony. Moving forward, he will oversee the group's future growth strategy at the holding company and focus on pioneering new markets and identifying future growth drivers. He was promoted to president in recognition of his achievements in leading Hanwha's entry into the semiconductor equipment market with HBM TC bonders and expanding the global market presence, especially in regions such as the Middle East and India.

Kim Hyungjo, CEO of Hanwha M&S, stated, "We will build a new management system that maximizes expertise and grow into a strong and efficient organization," adding, "We will do our best to ensure the company’s growth leads to the advancement of the country and society."

Meanwhile, Hanwha M&S was established last month following the approval process for a spin-off from Hanwha Corporation, and is scheduled to be listed on the Korea Exchange on August 25.

This content was produced with the assistance of AI translation services.