Headlines for November 2015

1. 2015 Seoul International Fireworks Festival, together with Hanwha

Korea’s renowned festival ‘2015 Seoul International Fireworks Festival, together with Hanwha’ was held for 13th time this year. It began in 2000 as our Group’s main social contribution activity. Three pyrotechnic teams from the United States, the Philippines, and Korea have participated this year, and over 100,000 amazing fireworks illuminated in the autumn’s night sky.

‘2015 Seoul International Fireworks Festival, together with Hanwha’ was held at Hangang river Park in front of 63 Building. The festival was sponsored by Seoul City and Korea Creative Content Agency (KOCCA) and hosted by the Group and SBS.

Over a million tourists visit this event every year. Many people who have waited a year for this festival, and they showed up to the park in the early hours. By the time the festival began, the Hangang river Park was filled with a lot of people.

The official ceremony of the festival was held on the Paradise cruise. Cha Nam-gyu, the CEO of Hanwha Life Insurance and Choi Yang-soo, the CEO of Hanwha Corporation, Park Yun-sik, the CEO of Hanwha General Insurance, and Kim Chang-bum, the CEO of Hanwha Chemical have attended the ceremony along with the officials of Seoul city and KOCCA. After the counting down, the show began.

America’s Melrose, the Philippines’ Dragon Fireworks, and Explosive fireworks team of Hanwha Corporation participated in this year’s fireworks festival.

Melrose Pyrotechnics from the United States presented their show first. They recently won the competitions held in Japan and in Vietnam. Their show was under the slogan ‘Love is magical.’ It was expressing sweet sensibility. Classical and modern music synchronized the strong musical fireworks.

The second show was presented by Dragon Fireworks from the Philippines. They used the passionate music that combined the Philippines’ hidden pop and world’s popular electric dance music to present splendid and extreme musical fireworks.

The finale was performed by Korean team which was represented by Hanwha with the theme ‘Flames like a magic.’ They created forgotten flames in our hearts through four images, Joy, Energy, Love, and Hope.

Unlike previous years, there were opening performances on a special stage for the audiences with 4 different themes. They presented the upgraded storytelling fireworks which they delivered messages to the audience through a large screen during the show.

Also, they placed a barge between Wonhyu and Mapo bridges this year to perform wider shows in Yeoido area. Colorful flames decorated the night sky with Hangang river’s night view.

The ‘2015 Seoul International Fireworks Festival, together with Hanwha’ delivered unforgettable memories and touched the hearts of the audience through magical flames. We are already looking forward to the next year’s ‘Fireworks Festival.’

2. Relay Volunteer Service for 63rd Foundation Day

The Group has carried out a relay volunteer service program on every foundation day to fulfill the idea of serving the country through the business. This year was not an exception.

Hanwha members had gathered in the multi-room on 12th floor of the headquarter building on October 6th to donate blood.

About 150 Hanwha members from Hanwha Corporation, Hanwha Chemical, Hanwha Techwin, Hanwha Q CELLS, and Hanwha S&C joined the blood donation campaign as a part of Foundation day volunteer service.

They decided to help the sick through company-wide blood donation campaign. According to the research, the shortage of blood supply is at a serious level due to MERS, and the outflow of foreign currency is increasing because of importing blood.

Oct. 9th was the 63rd Foundation Day of the Group, and Hanwha members spent October to ruminate the meaning of the foundation day by fulfilling the company’s social responsibility through the relay volunteer services.

Local employees from 20 affiliates and 50 plants participated in volunteer services such as donating blood and helping local farms and vulnerable social group in October.

3. Youth 200,000 + Creative Job Fair

Bridging job seekers and the companies, ‘Youth 200,000 + Creative Job Fair’ was held on October 14th at World Cup Stadium. 13 affiliates and 20 partner companies participated from the Group and set up a booth to provide employment information and job opportunities to the youth in province.

The largest ‘Youth 200,000 + Creative Job Fair’ in Chungcheong province was held successfully. The government and the Creative Economy Innovation Center as well as SK, LG, and our Group hosted this fair.

This fair was a part of the government’s Youth Unemployment Relief Comprehensive Plan announced in July which is supposed to create over 200,000 jobs for youth by 2017. And it was held in Daejeon to relieve the youth unemployment problem of Chungnam and Chungbuk areas.

At the opening ceremony, Lee Ki-kweon, the minister of Employment and Labor, Nam Seong-woo, the CEO of Hanwha Q CELLS, and Ryoo Du Hyoung, the CEO of Hanwha Energy were joined by the officials from other participating companies and local governments. They announced that they are going to pull the energy together to create jobs for the youth and looked around the booths to encourage participating companies.

There were large corporations including our Group and their partner companies and 192 local hidden champion companies and medium sized companies participated, and over 8,000 young job seekers visited the fair and had interviews.

The Group set up a booth to represent 13 affiliates including Hanwha S&C, Hanwha Energy, Hanwha Q CELLS, and Hanwha Techwin and 20 partner companies. They held spot interviews and information sessions.
Especially, Hanwha companies received positive responses at the fair because they offered about 750 jobs.
Hanwha Q CELLS accepted job applications at the fair for over 500 production jobs and they attracted many job seekers.

The Group voluntarily joined the job creation plan that the government is pushing forward. The group will continue the youth job creation plan until 2017 with the belief that creating jobs for youth is an essential investment for the Group’s future.

4. Won Kuwait refinery plant contract

Hanwha E&C signed the contract which was ordered by the Kuwait National Oil Company KNPC to build the first package of refinery plant of 5 packages. Also E&C, SK E&C, and Hyundai Heavy Industry are going to participate #2, 3, 5 NRP packages. It is more meaningful that Korean construction companies have won over 46 billion dollars worth of oversea project in total.

The signing ceremony was held at KNPC headquarter located in Kuwait city, the capital of Kuwait. Lee Seung taek, the plant division director of Hanwha E&C and the representatives of companies that have won NRP packages attended the ceremony and Mohammad Ghazi Al-Mutairi, the CEO of KNPC and the officials joined also.

This project is the first NRP ordered by Kuwait government. Hanwha E&C has won this 1st package construction by forming a consortium with Tecnicas Reunidas in Spain and Sinopec in China.

1st package site is 90 km southeast from Kuwait city called Al Zour. This project is building facilities for atmospheric distillation which is the first oil refining process and for hydrodesulfurization. It is conducted as an EPC method that includes design, procurement, and construction. The total construction cost is 42.3 billion dollars, and the 10% of the total cost, 4.23 billion dollars, are allocated for Hanwha’s project. The estimated construction time is about 45 months, and it is supposed to complete by the end of 2019.


5. Changan Automobile Tech Day

Hanwha Advanced Materials is trying to become a global number one company that manufacturing light composite materials for cars as they continue to expand their oversea manufacturing facilities. As a part of this plan, Hanwha Advanced Materials held an exhibition ‘Changan Automobile Tech Day’ and presented their products at Changan Automobile R&D Center located in Chongqing, China on October 13th and 14th.

Changan Automobile Company was established in 1892. It is number one state owned local automobile manufacturing company with about 80,000 employees. Hanwha Advanced Materials held a Tech Day event at Changan Automobile R&D Center in order to have a successful kick off of the Chongqing branch office which is their 8th oversea branch and 3rd in China.

At the event, the company displayed 22 storyboards introducing light composite materials for cars that Hanwha Advanced Materials manufactures and introduced 5 parts and 38 products.

Changan Automobile officials showed a lot of interests in various products, such as bumper beams, under covers, headliners, and wheel arch liners, made of the world’s number one market share products StrongLite and SuperLite and BuffLite which is light and environmental friendly material, IntermLite used for car seats and interior materials.

“Through this exhibition and technical information sessions, I had an opportunity to obtain information about various light composite materials that Hanwha Advanced Materials manufactures such as GMT, SMC. I hope that Hanwha Advanced Materials and Changan Automobile Company take this opportunity to begin putting efforts in developing light composite materials and products for cars through this Tech Day event.”

Besides the exhibition, they had 6 different technical information sessions to explain about high-strength and ultralight materials for cars that Hanwha Advanced Materials is currently manufacturing. Also the company had opportunities to explain about molding technology and design capability in order to actively inform their strength in R&D of advanced materials.

Chongqing where Changan Automobile is located is one of the top 4 main cities in China along with Shanghai, Beijing, and Tianjin. The city has accomplished 10.9% economic growth last year, and it was the number one growth rate in China. It is located in central China where over 33,000,000 people reside.

Through this Changan Tech Day event, Hanwha Advanced Materials is going to build their client base in Chongqing area where Chinese automobile industry is clustered around Changan Automobile. Also they are going to secure global automobile manufacturers from this office.

Headlines for October 2015

1. Summer Davos 2015

The World Economic Forum also called ‘Summer Davos’ was held in Dalian, China from September 9th to 11th.
Kim Dong-kwan, Chief Commercial Officer of Hanwha Q CELLS attended and represented that Hanwha is contributing to Asia’s energy industry as a global solar company. Especially Hanwha is responding to the global climate changes since solar is a low carbon emission energy source.
China has been hosting ‘Summer Davos Forum’ since 2007. This year’s Forum was held at the International Conference Center in Dalian from September 9th to 11th. It is usually held in Tianjin or Dalian, China in September. This forum is for the future leaders that will become the world’s best in next 10 years and the forum advocates technologies and innovation.

The opening ceremony was followed by a discussion session on ‘Asia’s Energy Option’ on 10th. Na Seung-yeon who is currently a host of Arirang TV and was the spokesperson for Pyeongchang Winter Olympics bid committee conducted the panel discussion. Asia’s major VIPs from Korea, China, India, and Mongolia participated as panels, and they discussed about what policies that Asia is concerning in terms of energy economy fluctuation while the concern for Chinese economy is real.

Kim Dong-kwan, Chief Commercial Officer of Hanwha Q CELLS who participated as a panel to represent Korea expressed that Korea has invested on energy related research and development and can contribute to Asian energy industry through the production innovation.

Moderator : Go to Mr. Kim. Because obviously, the Hanwha Group, a leading presence in solar energy. And also Korea, not a lot of natural resources, hardly any. But major importer of energy and yet also an exporter of energy related technologies. Of course your company is one of them. Could you talk about where Korea stands and where you see the potential maybe?

Kim Dong-kwan : I think as it was well proposed I think Korea has ambitious target of carbon reduction. And I think Korean government just released a very ambitious target of increasing the percentage of renewable to the double digits within a decade or so. I think, especially, Korea, as you mentioned, is very resources constrained. And we have been investing a lot into R&D.
And I think, especially, our strength in semi-conductors and display manufacturing has been transformed into manufacturing know-how for solar panels as well. Also, although Korean market itself is still relatively small compared to China or India. I think, throughout Asia, especially in China and India, we have a lot to contribute in terms of manufacturing innovation and also in bringing solutions. Maybe not only a conventional solutions but with micro grids and smart grids, I think there is a lot of opportunity to by-pass a lot of infrastructure requirements, power transmission requirements that are necessary to bring electricity to remote villages in India.

In addition, Mr. Kim emphasized that the economic feasibility of new and renewable energy has improved through the development of technology. He also said that if the government’s policies boost the innovation, the market will move dynamically and will lower the price.

Although the price is the most important element in solar and new and renewable energy, his belief that mass production is possible was revalidated through this forum. More demand can be expected if the way to lower the price is found. As a result, it can bring a dramatic change in power system.

Before the forum began, Mr. Kim was interviewed by a global economic channel CNBC. During the interview, he expressed that he was optimistic as clean and sustainable energy was being discussed a lot in China. He said, Chinese solar business is a big opportunity and will continue to grow.

2. Hanwha Finance Classic 2015

The momentum of golf queens, Hanwha Finance Classic 2015 tour was held with the largest prize of KLPGA at Golden Bay Golf & Resort in Taean from September 3rd to 6th. The top players from Korea and other countries played at Golden Bay. This course was designed by Annika Sorenstam who used to be the top LPGA player.

The members of Hanwha Finance Network, Hanwha Life Insurance, Hanwha General Insurance, and Hanwha Investment & Securities hosted and Team Hanwha conducted Hanwha Finance Classic 2015. It had received much attention because not only many KLPGA star players played but also many players from overseas including USLPGA and JLPGA competed. This mammoth size competition had the total of 1.2 billion won in prizes and 300 million won was for the first place winner.

The player, Bae Seon-woo, had kept the first place for three straight days, but Nomura Haru from the Team Hanwha set the course record by hitting 7 under par 65 shots and made to the 2nd place by hitting one eagle, 8 birdies, and 3 bogeys during the 2nd round.

And during the final round, Nomura and Bae Seon-woo both hit one under par 287 shots and had to play overtime. On the first hole for the overtime, Bae Seon-woo missed 2 meters putt for par. On the other hand, Nomura successfully made her putt for par and came from behind and won the game. Fellow players extended warm congratulations to her. Nomura Haru is known to grow up in Korea when she was little. In this game, she achieved her second winning in her mother’s country.

At the award ceremony, Shim Kyung-seob, the CEO of Hanwha Hotels & Resorts presented the prize for setting the course record. Next, Cha Nam-kyu, the CEO of HLI gave the winning trophy.

Players of the Team Hanwha showed remarkable results and the team spirit. During the overtime, players from the Team Hanwha cheered for Nomura Haru. Along with Nomura, Kim In-kyung made 3rd place, Jenny Shin 10th, Ji Eun-hee 13th place.

Although the weather was not pleasant due to the rain and hot temperature, but Hanwha Finance Classic 2015 closed successfully thanks to much interest and support from galleries, officials, and Hanwha employees.

3. Award Ceremony of ‘Hanwha Science Challenge 2015’

Since 2011, the group has held ‘Hanwha Science Challenge’ which is targeting high school students and trying to become the most authoritative event in Korea for discovering ‘Korea’s young Nobel prize winners. The award ceremony of ‘Hanwha Science Challenge 2015’ was held in 63 Building, and this year’s grand prize went to Jukjeon high school students who proposed developing natural predacide to control yellow dust, micro-dust, and desertification.

At the award ceremony of ‘Hanwha Science Challenge 2015’, about 240 people attended including students and teachers from 30 teams that made to the final round and CEOs from the Group’s manufacturing companies, and they were joined by Kim Seung-hwan, the president of Korea Foundation for the Advancement of Science & Creativity (KOFAC), and judges for the competition.

20 experts from each field selected one grand prize winner, 2 gold prizes, 2 silver prizes, 17 bronze prizes and a special prize among 30 teams during the final round on August 27th. The grand prize honor went to CHANG-E team of Jukjeon high school in Yongin and received 40 million won for a college scholarship.

Two students, Hwang Soo-jin and Ahn Soo-yeon and their teacher, Jeon Sun-young, formed the team CHANG-E. Their unique and creative idea of developing natural predacide, which is similar concept to a face mask pack, in order to keep the moisture for a long time after watering in the desert or trees.

Hanwha Science Challenge is unique because it has not only the biggest prize in Korea but also gave away 1 million won to all participated teams made to the final round for supporting their research and development.

Moreover, for winners above silver prize will have an opportunity to visit the prestigious foreign science organizations. And for winners above bronze prize will be exempted from the paper screening process if they would apply for a job or an internship at Hanwha.

Kim Chang-bum, the CEO of Hanwha Chemical said in his welcoming remarks “I hope you grow to become a world scale scientist to improve happiness for humanity with the experience you have gained during this Hanwha Science Challenge.”

During last 5 years of Hanwha Science Challenge, 3,400 teams and 7,300 high school students have participated with very interesting research topics. Among the past winners, over 60% got into foreign prestigious colleges, SNU, KAIST, POSTEC, and many other excellent schools.

The Group is planning to continue supporting Hanwha Science Challenge so that it becomes a world-class science competition.


4. Winning medals at World Skills Competition 2015

Two Hanwha Techwin employees have participated in World Skills Competition 2015 held in Sao Paulo, Brazil. Both of them have won the medals and showed superiority of Hanwha Techwin’s skills to the world.

Hanwha Techwin employees who participated in World Skills Competition 2015 achieved good results.
At the award ceremony held on 16th in Sao Paulo, Brazil, Park Jun- Oh has won a silver medal in Polymechanics category, and Kim Eun-young has won a bronze medal in web design.
Both of them went through hard training to prepare for this competition in order to demonstrate their best performances.
They are scheduled to return home after finishing local factory visits.

5. Tactical Information Communication Network (TICN) Mass production commencement meeting

Hanwha Systems had a meeting for starting the mass production of Tactical Information Communication Network (TICN) with officials from Defense Acquisition Program Administration (DAPA), Defense Agency for Technology and Quality (DTaQ), and Agency for Defense Development (ADD) have attended. Hanwha Systems is the only company that has a command, control and communication system in Korea. Hanwha Systems’ Tactical Information Communication Network(TICN) took 15 years to develop from 2001, and it was the largest defense information technology business with over 5 trillion won investments.

The mass production commencement meeting of Tactical Information Communication Network(TICN) was hosted by Defense Agency for Technology and Quality(DTaQ) and 50 other officials have attended the meeting including Kim Young-ho, Gumi business site executive of Hanwha Systems.
They discussed about the status of preparation for the initial production of TICN and the plan for the quality assurance. Hanwha Systems presented their plan for the quality assurance program. They also shared their commitment to the success of this government program through continuous cooperation.

The TICN optimizes the integrated combat ability for the network oriented future battles. This system can transmit large amount of data through wired or wireless at high speed for a long distance. Once the TICN is implemented, the military can synchronize 50 different weapon systems into one, and it can transmit voice and video in real time. Even if the wireless communication line is destroyed during wartime, the military communication line will be maintained to strengthen the military forces.

Hanwha Systems is expected to generate over 2 trillion won in revenue through the production of the TICN by 2022 with about 350 sub-contractors.

6. 2015 Hanwha Group Oversea Value Course began

Hanwha HRD Center is hosting ‘2015 Hanwha Value Course.’ This program is not only running in Korea but also in overseas now. Let’s take a look how the Value Courses are carried out in Iraq, Saudi Arabia, Dubai, and China.

2015 Hanwha Value Course ran in Bismayah construction site in Iraq where ‘Going Further Together’ is being fulfilled quietly under the scorching hot weather with well over 50 degrees Celsius.

From August 29th, 7 sessions ran every day for 276 employees in Bismayah. After that, 97 people in Saudi Arabia, 19 in Dubai, 81 people from 8 different cities in China. The courses ran until September 22nd and covered the total of 473 people.

Since they are working in overseas and representing Hanwha Group and each of their own affiliates, the course taught them how to act with ‘Trust and Loyalty’, ‘Challenge, Dedication, and Integrity’. They are becoming better Hanwha employees through using various trainings such as sharing core values and successful cases and telling history and self-confidence.

Headlines for September 2015

1. Creating large scale jobs by 2017

In order to help revitalization of national economy through solving youth unemployment problem and the Group’s future investment, the Group is planning to double its hiring in the second half of this year. And the Group will continue to hire up to 17,569 newbies by 2017. Also all affiliates allowed their employees to take an unofficial day-off on August 14th, 70th National Liberation Day Eve, to help revitalization of the local economy.

The Group decided to create 5,729 new jobs for young people during the remaining of the year by increasing 1,497 more new recruits from 4,232 as planned. This is about twice more than the first half of this year’s recruits which was 2,958 people.

In 2016, the Group is going to expand the investment on solar plant in Eumseong and Jincheon in Chungcheongbukdo Province and increase the hires dramatically. 5,140 new jobs for young people would be created.

The Group also plans to hire 6,700 jobs for young people in 2017. Over a trillion won would be invested on developing a large scale resort complex in Geojedo Island and a few other prospective locations. And the investment is going to expedite the completion of the developments within 2017. There would be about 1,400 new jobs created in these areas alone.

The Group believes that this youth unemployment problem that causes a social problem cannot be solved quickly. Therefore, they are going to continue its job creation policy until they create 17,569 jobs by 2017.

This decision is a voluntary participation to the government’s job creation initiatives, and the result of belief that creating jobs for young people is an essential investment for the future of the Group.

The Chairman Kim Seung-youn said in his New Year’s address that, “We must rearm with embodied Hanwha philosophy over a long history, inherit and develop the founding principles of serving the country through the business.”

Therefore, the Group executes a large-scale young people’s job creation plan in order to help solving youth unemployment problem that currently exists in our society. The Group wants to fulfill again the founding principles of serving the country through the business by contributing to the national economy.

Meanwhile, the Group announced an unofficial day-off on National Liberation Day Eve to ruminate the meaning of independence and patriotism and to boost the local economy.

The Group was the first among the major conglomerates deciding to take a day-off. And the decision was made three days before the government’s announcement. It was to create celebration mood of 70th National Liberation Day and to participate local economy revitalization while employees have a chance to refresh.

2. Global military aviation and cutting edge technology equipment solution leader

Hanwha Techwin held a proclamation ceremony to announce the new vision “Global military aviation and cutting edge technology equipment solution leader.” Hanwha Techwin is concentrating on machinery and defense business as one of four major growth axis of the Group. They have proposed a plan to grow into a leader that plays a main role for leading Group’s global manufacturing business after 2020.

Hanwha Techwin held the new vision proclamation ceremony in 63 Building on July 27th. The CEO Kim Cheol-Kyo and about 800 employees have attended the ceremony.

The new vision “Global military aviation and cutting edge technology equipment solution leader’ was announced. And the CEO Kim Cheol-kyo said “Hanwha Techwin is going to become a main company in machinery and defense business of the Group which is a core growth engine of the Group.” He also revealed his aspiration that “Let’s become a globally recognized company through achieving this medium and long term goal.”

The CEO of Hanwha Corporation defense division, Lee Tae-jong said in his speech, “I expect Hanwha Techwin to become a new main player in the Group by achieving the new vision.

With this new vision, Hanwha Techwin proposed to achieve 5 trillion won revenue by 2020, and to become a global company with 10 trillion won revenue by 2025.

Moreover, the top management had an opportunity to strengthen empathy for the organization through a Q&A session.

Lastly, 30 people who represent employees and CEOs of partner companies participated in the vision slogan unveiling ceremony and pledged to fulfill the vision ‘become a core of the Group as a leading player.’

3. ‘A fireworks festival of Hope’ for 70th anniversary of National Liberation Day

The Group sponsored magnificent fireworks at Yeoido Hangang Park in Seoul and 4 other major cities to celebrate 70th anniversary of National Liberation Day. Over 300,000 fireworks that hope to boost citizen’s confidence and to revitalize the local tour industry and the economy decorated the sky of summer night.

The Group sponsored ‘70th anniversary of National Liberation Day, High Spirits Festival’ held on August 14th and 15th in Busan, Daegu, Gwangju, and Seoul.

On 14th, it was held in Busan and Daegu. And on 15th, it was held in Seoul and Gwangju to give unforgettable and fantastic memory with over 300,000 fireworks to the exhausted citizen from summer heat wave.

Especially, the fireworks on 15th was held on the riverside of Hangang River next to 63 Building which recently won a duty-free store license. It was a great opportunity to introduce Yeoido area to foreign travelers and promote the new special tourist zone that linking tourism, culture, and shopping.

Before the fireworks, there were indie bands and K-POP concert to escalate the mood. The Group sponsored fireworks began with 20 minutes long DJ show mingled with laser, and the special video of 70th anniversary of National Liberation Day with a storytelling and the beautiful multi-media fireworks decorated the finale.

The Ministry of Culture, Sports and Tourism (MCST) and Korea Creative Content Agency(KOCCA) sponsored developing fireworks products called ‘Goblin fire’, ’Sangmo’, ’Tear’ and a flying ‘fire bird.’ The 40 minutes long fireworks with these products displayed the world class quality fireworks.

The Group has presented joy and affection to the citizens through ‘Seoul International Fireworks Festival’ in every October since 2000. But the meaning of this fireworks that held for 70th anniversary of National Liberation Day was different. It contained the meaning of reformation of Korea, sharing of joy of 70th anniversary of National Liberation Day, and overcoming the depressed social atmosphere such as the economic downturn and the youth unemployment problem.

A huge crowd who gathered at the event revitalized the local market. The domestic consumption that struggled after MERS was improved thanks to many foreign travelers who flowed in because the festival dates were overlapped with Korea Grand Sales period.

4. Jeju harbor International Passenger Terminal is completed

Hanwha E&C successfully completed Jeju harbor International Passenger Terminal with many convenient facilities and attended the completion ceremony.

Choi Kwang-ho, CEO of Hanwha E&C and Won Hee-ryong, the governor of Jeju Special Self-Governing Province and 300 local citizen and the officials attended the Jeju harbor International Passenger Terminal completion ceremony.

Hanwha E&C was awarded a minister award and an appreciation plaque for their faithful performance. In addition, the CEO Choi Kwang-ho congratulated the successful completion of the terminal and expressed his appreciation to the officials who supported the project.

The two story Jeju harbor International Passenger Terminal is built on 86,637 m2 land, and the total floor area of the terminal is 9,697 m2. And there are parking lots for 200 cars and trucks, waiting rooms, Immigration and Customs areas, duty-free stores and many other convenient facilities.

Hanwha E&C plans to secure their competitiveness in building tourist and cultural facilities through this successful completion of Jeju harbor International Passenger Terminal.

5. Hanwha Life Insurance World Youth Baduk Championship

The world’s largest Baduk contest, HLI Youth Baduk Championship tournament was held. About 10,000 youth went through qualifying rounds from 24 areas and 256 of them made to the final rounds.

The 15th HLI World Youth Baduk Championship was held in 63 Building grand ballroom on August 6th. Children from all over the country passed qualification rounds from each area, also children from China, Germany, Romania, and 6 other countries competed at the tournament. Moon Min-jong, Okum Elementary School 6 grade has won the championship title this year.

There were many fun events held for players and their families. A communication expert, Professor Kim Chang ok from Seoul Women University gave a lecture on ‘Pleasant communication with children.’ All family members enjoyed various programs such as ‘Challenge! Baduk Golden Bell’, ’Digital Caricature’, ’Walk to 63.’

The living witness of Baduk history, the champion Cho Hoon-hyun visited the tournament again this year and had autograph event and played one to many matches with young players.

Cha Nam-gyu, CEO of HLI said in his speech that HLI World Youth Baduk Championship has contributed to build a foundation for teaching children and to develop Korea’s Baduk for 15 years. HLI will continue giving their support to children who love Baduk.

6. ‘Seeds of Tomorrow’ brand proclamation ceremony

Hanwha Advanced Materials held a brand proclamation ceremony on August 13th, and released a brand strategy, a new slogan, and each product’s brand name. They decided the new brand slogan ‘Seeds of Tomorrow’

At Hanwha Advanced Materials brand proclamation ceremony, the CEO Lee Sun –suk and each business division head and the headquarter employees have attended. The ceremony began with the video introducing the importance of brand management.

The new slogan ‘Seeds of Tomorrow’ means that the company will perform a fundamental role in order to improve customers’ product values and qualities with the future technologies through the company’s long experiences and know-hows, constant challenges, and innovation and will fulfill the sustainable future.

Each product’s brand name is intuitive, technical, and optimizing products’ strength and their characteristics.

Moreover, they made a brochure and a video that can promote the company’s differentiated brand identity as an advanced material manufacturing firm. They are also going to use a newly opened official blog to strength communication with local and global customers.

The CEO Lee Sun-suk said that the brand is not built overnight, but it is built for a long periods of time through the process that delivers a consistent message repeatedly. He asked all employees to have an interest in brand management and participate in building a brand image that corresponding to the company’s vision through continuous and consistent brand management activities.

Hanwha Advanced Materials plans to continuously execute various activities that promote company’s differentiated brand identity as an advanced material firm.