Hanwha improves fundamentals in 3 years under Vice Chairman Kim Dong-kwan

Hanwha Group Vice Chairman Kim Dong-kwan has marked his third year in the post with significant improvements in the business fundamentals of the heavy-industry-oriented conglomerate under his leadership. Kim, the eldest son of Hanwha Group Chairman Kim Seung-youn, has been at the forefront of the group’s management since being appointed vice chairman on Aug. 29, 2022. One of the most noteworthy changes under his leadership is the rapid growth of the group’s corporate value. As of August this year, the combined market capitalization of Hanwha’s 13 listed companies stood at 120.7 trillion won ($87 billion), up 177.4 percent from 43.5 trillion won at the end of last year. During the same period, the benchmark KOSPI grew 30.6 percent, meaning the market valuation on Hanwha Group has far outpaced the average. Playing a pivotal role are the group’s aggressive and timely investments in industries with strong momentum, especially shipbuilding and defense. In 2021, before Kim’s promotion to vice chairman, Hanwha’s defense and shipbuilding units posted a combined 6.76 trillion won in saWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times