Hanwha Construction Division Signs MOU with Three Securities Firms to Accelerate Real Estate Development

Seeking Collaboration Including Establishment of Joint Ventures
Integrating Finance and Construction for Proactive Risk Management

Hanwha Corporation Construction Division is pursuing strategic cooperation with financial institutions to enhance its competitiveness in real estate development projects. The goal is to establish a proactive business discovery system that combines finance and development, moving beyond the traditional construction-centered order structure.

On May 11, Hanwha Corporation Construction Division announced that at the end of last month, it signed a "Memorandum of Understanding (MOU) for Joint Promotion of Real Estate Development Projects" with Kiwoom Securities, Korea Investment & Securities, and Samsung Securities at Hanwha Building in Janggyo-dong, Jung-gu, Seoul.

Yoon Sungho, Head of Development Business Division at Hanwha Engineering & Construction (left), and Bang Changjin, Head of PF Group at Korea Investment & Securities (right), are taking a commemorative photo after signing a business agreement for joint promotion of real estate development projects. Provided by Hanwha Engineering & Construction

The companies plan to collaborate on high-quality projects, working together from the discovery of new development opportunities to the establishment of joint ventures. Hanwha Corporation Construction Division will oversee design and construction, while the securities companies will use their expertise in real estate finance to handle financial risk management, advisory services, fundraising, and proprietary investments.

Through this agreement, Hanwha Corporation Construction Division expects to establish a decision-making system that integrates finance and construction, enabling proactive risk management from the design stage and maximizing profitability.

Yoon Sungho, Head of Development Business Division at Hanwha Corporation Construction Division, stated, "Based on the integration of finance and construction, we will build a stable business structure and strengthen the foundation for sustainable growth."

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