Kim Dong-kwan Strengthens 'Eco-friendly·Materials' Identity... Hanwha Solutions Unveils New Management Vision

Willingness to Expand Energy Business in the Global Market
Emphasizing 'Sustainable Energy Business'

[Asia Economy Reporter Hwang Yoon-joo] Hanwha Solutions has unveiled a management vision emphasizing its identity as an 'eco-friendly materials company.' This is interpreted as a commitment to expanding its energy business in the global market.

Last week, Hanwha Solutions posted on its website the management vision: "Hanwha Solutions will create a better future for everyone through energy and materials technology-based solutions." At its launch, Hanwha Solutions declared its intention to "transform into an eco-friendly company responding to climate change." This vision was formalized about eight months later.

A Hanwha Solutions official explained, "The management vision is significant because it concretely presents Hanwha Solutions' business direction," adding, "It means that we will conduct our business in line with our identity as an eco-friendly materials company responding to climate change."

Although the management vision is just one sentence, it is seen as expressing Hanwha Solutions' determination to strengthen its eco-friendly portfolio to compete with global chemical companies in the energy sector. Notably, the vision was decided by CEOs Lee Gu-young (Hanwha Chemical), Kim Hee-chul (Hanwha Q CELLS), and Ryu Doo-hyung (Hanwha Advanced Materials), but it is known that Kim Dong-kwan, Head of the Strategy Division, had a strong influence on it.

Vice President Kim is known for emphasizing "sustainability" through close interaction with employees. Hanwha Solutions explains that the investment in Nikola, which attracted attention as a "jackpot," was made because Vice President Kim Dong-kwan's management philosophy aligned with Nikola's vision of "zero greenhouse gas emissions."

The reason Hanwha Solutions is putting "eco-friendliness" at the forefront is that the global chemical industry is actively building eco-friendly portfolios from raw materials to production and sales. In fact, BASF is investing the most in the "chemical recycling" sector, which produces products using recycled plastic waste as raw materials, and Dow has announced that by 2035, 100% of its packaging products will be recyclable. This means expanding eco-friendly businesses is essential to compete in the global market.

An industry insider said, "While 'eco-friendliness' is a key issue in the global chemical industry, its significance is still less emphasized in the domestic market," adding, "Hanwha Group's disclosure of its management vision can be read as a determination to compete with major chemical companies in the global market."

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