[Post-Corona Strategy] Hanwha Group Builds Smart Factory for Proactive Response

At the Hanwha Group Core Values Declaration Ceremony held at the Hanwha Talent Management Institute in May 2011, Chairman Kim Seung-yeon (left) and Deputy General Manager Kim Dong-gwan (currently Executive Director at Hanwha Q CELLS) are pressing the touch button together.

[Asia Economy Reporter Park So-yeon] Hanwha Group has been focusing its capabilities on building a sustainable growth foundation through innovation and solid internal management, as well as strengthening world-class competitiveness over the past few years. In his New Year's address earlier this year, Kim Seung-yeon, Chairman of Hanwha Group, stated, "This year must be one where we continuously secure 'business-leading positions' and 'future value' for a world-class Hanwha, preparing for a leap forward in the next decade," and urged, "Let us accelerate company-wide digital transformation to actively secure competitiveness in the era of the Fourth Industrial Revolution."

Accordingly, Hanwha is strengthening the fundamental competitiveness of its businesses through proactive measures such as establishing smart factory environments despite the uncertain economic conditions, and is focusing on securing global number one competitiveness in its core business sectors. In particular, in preparation for the unpredictable future that the global management environment crisis caused by the recent COVID-19 pandemic may bring, Hanwha is doing its utmost to secure research and development (R&D) capabilities under the principle that securing business-leading positions through technological superiority is of utmost importance.

Hanwha Systems, despite the unstable economic situation caused by the COVID-19 pandemic, is actively entering the global market by acquiring all business assets of an overseas leading satellite communication antenna technology company to secure future new growth engines. Hanwha Systems recently acquired the business and assets of Phaser Solutions, a UK-based satellite communication antenna technology venture company. Founded in 2005 in the UK, Phaser Solutions is a specialized R&D company for satellite communication antennas, leading the development of electronically steerable beam antenna systems that enable high-speed communication on sea, land, and aircraft, and has been focusing on designing and developing semiconductor-based next-generation satellite communication antennas.

Hanwha Systems, a domestic top-tier multifunction radar specialist company, is entering the satellite communication antenna business sector, which has high connectivity with existing communication radar technology, aiming to secure core technology for low-earth orbit satellite antennas and strengthen aerospace system capabilities. Hanwha Systems announced its entry into the air taxi market in July last year and officially began joint development of the air taxi 'Butterfly' through the opening ceremony of Overair in February this year.

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