Hanwha Construction Moves Back to Janggyo-dong from Yeouido... "Opening a New Era"

[Asia Economy Reporter Onyu Lim] Hanwha Engineering & Construction completed its relocation to the Hanwha Building in Janggyo-dong, Seoul on the 3rd, aiming for a new leap forward. It has been about five years since the company moved its headquarters to the Federation of Korean Industries Building in Yeouido.

In November 2014, Hanwha Engineering & Construction relocated its headquarters to the Federation of Korean Industries Building in Yeouido due to space issues caused by remodeling work at the Hanwha Building in Janggyo-dong. During the approximately five years spent in Yeouido, Hanwha Engineering & Construction's separate standard sales increased significantly from 2.7394 trillion KRW (2015) to 3.5979 trillion KRW (2018), and operating profit turned from a deficit to a surplus of 307.4 billion KRW in 2018, marking a turning point for a turnaround.

Hanwha Engineering & Construction stated, "This year, we plan to achieve sales exceeding 4 trillion KRW and five consecutive years of operating profit surplus, aiming for sustainable growth accompanied by profitability." Furthermore, based on mid- to long-term goals, the company intends to expand the proportion of core businesses and secure market leadership.

To this end, Hanwha Engineering & Construction will leverage its specialized capabilities in complex development projects to establish a foothold for becoming a ‘global infrastructure developer’ both domestically and internationally. Additionally, it plans to enhance the value of its new brand ‘Forena,’ launched last year, and grow it into a premium residential brand.

Internally, the company will innovate work processes and accelerate digital transformation through the advancement of management systems, including IT systems. It also plans to continue management based on ‘trust and loyalty’ and compliance management.

A Hanwha Engineering & Construction official said, "The year 2020 is an important year for Hanwha Engineering & Construction to lay the foundation for another decade," adding, "It will be a meaningful year to start work with a new mindset in the new headquarters."

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