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Hanwha gets conditional approval for acquiring Daewoo Shipbuilding

The Fair Trade Commission (FTC) granted only conditional approval on Thursday for Hanwha Group s acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), accepting the demands from the shipbuilder s rivals to ban the conglomerate from unfairly excluding other companies from the local warship market. ....

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Hanwha rebrands affiliates amid group-wide reorganization

Hanwha Group is in the midst of rebranding its affiliates, causing speculation that the conglomerate has taken preparatory steps for Hanwha Solutions Vice Chairman Kim Dong-kwan, the oldest son of Hanwha Group Chairman Kim Seung-youn, to gain control of the group. SIT, a subsidiary of Hanwha Energy, said Tuesday that it was renamed Hanwha Convergence, with the aim of focusing more on helping its clients to use eco-friendly energies at their factories better. It also appointed Kim Chang-yeon, Hanwha Energy s financial planning team head, as the new CEO. ....

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Hanwha seeks to become defense industry powerhouse after DSME takeover

Korea Aerospace Industries (KAI) has been mentioned as the next acquisition target of Hanwha Group for the conglomerate to become a global defense industry powerhouse going after L. ....

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