Dongseon Kim, Third Son of Hanwha Chairman, Resigns from Hanwha Corp. to Focus on New Holding Company Ahead of Spin-Off

Resigned from Hanwha Corporation's Construction Division as of March 31

Stepped down as Head of Overseas Business Division after two years and three months

Signals independent management of 'Tech·Life' sector

Dongseon Kim, the third son of the Hanwha Group chairman and Executive Vice President, has resigned from his position as Head of the Overseas Business Division at Hanwha Corporation's Construction Division and left the company. This move is interpreted as his decision to focus on the establishment of a new tech·life holding company, which is set to launch in July.

Dongseon Kim, Executive Vice President of Future Vision at Hanwha Galleria. Hanwha Galleria

According to Hanwha Group on April 22, Kim stepped down as Head of the Overseas Business Division at Hanwha Corporation's Construction Division as of March 31. He left the position about two years and three months after being appointed as division head in January 2024. However, Kim will continue to serve as Executive Vice President of Future Vision at Hanwha Galleria, Hanwha Hotels & Resorts, and Hanwha Vision, among other roles he previously held.

Kim is expected to focus on preparations for the launch of the newly planned tech·life holding company, Hanwha Machinery & Services Holdings.

Previously, at a board meeting in January, Hanwha resolved to establish Hanwha Machinery & Services Holdings, which will oversee tech affiliates such as Hanwha Vision, Hanwha Momentum, Hanwha Semitec, Hanwha Robotics, as well as life affiliates such as Hanwha Galleria, Hanwha Hotels & Resorts, and Ourhome.

Hanwha plans to complete the spin-off in July after holding an extraordinary general meeting of shareholders in June.

A Hanwha Group representative stated, "Since we are currently pursuing a spin-off and the establishment of a new holding company, this decision was made to focus on related work."

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