Hanwha Group has promoted all three sons of Chairman Kim Seung-yeon, enhancing its third-generation leadership structure. The company announced on July 30 that the promotions of key executives and the appointment of new CEOs for several affiliates will take effect on August 1.
Kim Dong-kwan has been elevated to senior vice chairman, while Kim Dong-won, president of Hanwha Life, has been promoted to vice chairman. Kim Dong-sun, vice president of Hanwha Vision, has been named president.
As senior vice chairman, Kim Dong-kwan will lead the defense, marine, aerospace, and energy sectors, driving significant growth in global markets and successfully completing strategic large-scale projects.
Kim Dong-won has spearheaded digital innovation and global expansion in the financial sector, solidifying the foundation for future growth. Kim Dong-sun has achieved success in expanding the retail, leisure, and food and beverage sectors, as well as entering the semiconductor equipment market.
With these key promotions, Hanwha Group aims to dramatically enhance its business capabilities across various sectors and drive future growth through business expansion.
The company also announced new CEO appointments for five affiliates, selecting individuals optimized for executing strategic tasks to stabilize management and ensure long-term growth.
Lee Boo-hwan, the designated CEO of Hanwha Aerospace, is an expert in ground weapon systems R&D and overseas business, having previously served as head of Hanwha Aerospace's European branch and PGM division. He will play a key role in establishing overseas defense bases.
Yang Gi-won, the designated CEO of Hanwha Systems, is recognized as a new business model expert, having served as head of Hanwha's global division and Hanwha Impact. He is seen as well-suited for expanding global business in the aerospace and defense sectors.
Kang Jeong-hoon, the designated CEO of Hanwha Impact, currently leads Hanwha Total Energy's Daesan plant and is expected to drive cost innovation and improve profitability based on his experience in the petrochemical field.
Im Dong-jun, the designated CEO of Hanwha Asset Management, has held positions as head of Hanwha Asset Management's U.S. branch and strategic business unit. He will lead global business growth by enhancing competitiveness in securities management and expanding alternative investments.
Kim Ki-cheol, the designated CEO of Hanwha Semitec, has successfully led the restructuring of overseas-focused operations as the current head of Hanwha Vision and will also oversee the expansion and market capture of the semiconductor equipment business.
The newly appointed CEOs will be confirmed through the respective companies' shareholders' meetings and boards of directors.
* This article has been translated by AI.
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