Hanwha to Provide Early Payment of 185 Billion Won to Partners Ahead of Chuseok

Advance Payments to Over 1,580 Partners by Hanwha Aerospace, Hanwha Ocean, and Others
Community Sharing Activities for Chuseok in Daejeon, Changwon, Geoje, and More

Hanwha Group will provide early payment on transaction funds totaling approximately 185 billion won to ease the financial burden on its partner companies ahead of Chuseok.

Seungyoun Kim, Chairman of Hanwha Group. Hanwha

On September 20, Hanwha Group announced that four major affiliates will make advance payments of a combined 185 billion won to more than 1,580 partner companies, ahead of the originally scheduled payment dates.

Breakdowns by affiliate are as follows: Hanwha Aerospace, 52.5 billion won; Hanwha Ocean, 55 billion won; Hanwha Systems, 24.5 billion won; and Hanwha Construction Division, 14 billion won.

Through these early payments, partner companies are expected to have smoother operations with employee incentive distributions and payment of material costs to secondary and tertiary subcontractors.

In his New Year’s message this year, Seungyeon Kim, Chairman of Hanwha Group, emphasized the group’s win-win management philosophy, “Going Further Together,” saying, “Workers at our partner companies are part of the Hanwha family, and the local community is the foundation of Hanwha’s businesses.”

Major affiliates such as Hanwha Aerospace, Hanwha Ocean, and Hanwha Solutions are also carrying out community sharing programs.

Hanwha Aerospace plans to deliver rice, snacks, and daily necessities to neighbors in need in Daejeon, Changwon, Yeosu, and other business locations. Hanwha Ocean and Hanwha Solutions will also host events such as sharing holiday foods with local residents at their business sites in Geoje, Ulsan, Daejeon, and other locations.

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