Kim Dong-gwan "Realizing Personal Vision is Realizing Company Vision"... Hanwha Solutions Holds Vision Sharing Event

[Asia Economy Reporter Hwang Yoon-joo] "Hanwha Solutions provides solutions to customers, society, environmental, and climate issues to contribute to a prosperous future for humanity and sustainable growth."

On the 6th, Hanwha Solutions held a 'Vision Sharing Ceremony' at the Hanwha Building Auditorium in Jung-gu, Seoul, attended by executives and employees including Kim Hee-chul, Head of the Q CELLS Division, Lee Gu-young, Head of the Chemical Division, Ryu Doo-hyung, Head of the Advanced Materials Division, and Kim Dong-kwan, Head of Strategy Division (Vice President), reaffirming this commitment.

This event was the first official gathering for employees since the three divisions?solar power, petrochemicals, and advanced materials?merged into Hanwha Solutions earlier this year.

At the event, Hanwha Solutions announced plans to organically combine the capabilities of each division to enhance synergy following the launch of the integrated corporation. Through this, they aim to increase management efficiency, strengthen research and development (R&D) capabilities, and secure financial stability.

Specifically, by operating the three business divisions in an integrated manner, they plan to efficiently allocate physical and human management resources to reinforce synergy between businesses. They will also enhance convergent and complex R&D capabilities across the three divisions to accelerate the development of leading new products that will drive future industries. Additionally, they intend to reduce financial costs and improve financial stability through integrated fund management.

Hanwha Solutions also revealed for the first time a mid-term goal to increase sales from approximately KRW 10 trillion expected this year to about KRW 18 trillion by 2025 through differentiated technology development and expansion of new businesses. They set a target to raise operating profit from around KRW 500 billion this year to approximately KRW 1.6 trillion during the same period.

At the event, to mark the launch of the integrated corporation, Hanwha Solutions held an activity where participants inserted pieces containing their resolutions and impressions into a large puzzle board.

After fitting the final puzzle piece, Vice President Kim Dong-kwan said, "While the future business strategy announced today is important, the vision of Hanwha Solutions can only be realized when each and every one of you here fulfills your individual visions."

Prior to this, Hanwha Chemical announced in July last year that it would merge Hanwha Q CELLS & Advanced Materials, in which it holds 100% equity. Subsequently, at the extraordinary general meeting of shareholders held on the 2nd, the name change to Hanwha Solutions was confirmed. Since the launch of the integrated corporation, Hanwha Solutions operates under a three-person co-CEO system with Kim Hee-chul, Lee Gu-young, and Ryu Doo-hyung each responsible for their respective divisions.

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