Headlines for August 2018
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1. [Hanwha Group] Presented an Exemplary Case for UN Sustainable DevelopmentThe Hanwha Solar Forest, the Hanwha Group’s anti-desertification project for growing eco-friendly forests was introduced at the UN headquarters in New York on July 17th. The project was presented as an exemplary case of sustainable development through corporate partnership. UN-affiliated groups and NGOs that have been emphasizing the topic of sustainable development also attended the event.Since 2011, Hanwha has been carrying out the Hanwha Solar Forest campaign through a sponsorship with a social enterprise, Tree Planet, to grow forests. Through this campaign, they have planted 490,000 trees on 1,330,000 square meters of land, or about 180 soccer fields, in Korea, China, and Mongolia.While growing forests in the desert in Ningxia, China, the Group pruned young trees by donating a 80kw solar power generating facility. It was the first time in the world that solar was used for anti-desertification. The idea came from the paradox that they had to burn fossil fuel to prune young trees. The case was then introduced at a conference of the United Nations Convention to Combat Desertification (UNCCD). It was another reason to consider Hanwha to the number one global solar energy company.The Hanwha Solar Forest campaign has planted six forests in China, Mongolia, and Korea. It is going to plant a forest for preventing fine dust in Incheon, Korea later this year. As the number one solar company in the world, the Group will continue to lead in solving growing climate change and environmental problems as they fulfill their social responsibilities.2. [Hanwha Corporation] Ranked 244th on Fortune Global 500Fortune, the world’s oldest and most renowned economics magazine, selects the top 500 global companies every year. And this ranking is used by many people in the world to estimate a corporation’s worth. Since placing 321st in 2011, Hanwha has continued its climb and reached the 244th place this year. We are pleased to announce that this is two steps up from last year.Hanwha Corporation’s continuous growth was credited to an upgraded business structure and other strategic investments to strengthen its competitiveness with the global standard since 2014. Through a strategic business restructuring, the company selected defense, chemical, precision machinery, and solar as core businesses. After the financial crisis in late 2014, Hanwha corporation was able to strengthen its defense and chemical business portfolios thanks to the success of the largest voluntary “big deals” between Hanwha and other companies.As Hanwha Corporation establishes its position in the global market, the company will continue to innovate in order to be evaluated as a “leading global company”. Since the company’s status is improving as it grows, we look forward to seeing Hanwha Corporation grow even more as it tries to build the future the world expects.3. [Hanwha Group] Introduced the New 2018 TV Commercial CampaignThe Group has delivered stories of those who live in this era with values such as passion, challenge, commitment, and confidence through its Flame campaign. These stories have touched many customers since 2015. Last month, the Group introduced the second series of Hanwha’s Flame campaign called and , the names of the Group’s CSR activities. These new campaigns are supposed to deliver the message that Hanwha is a company that fulfills its social responsibilities and is an important supporter of the world and society.These commercial campaigns follow the commercial series presented during the PyeongChang Winter Olympics, which delivered a message that everyone who runs towards their dreams is precious. These new campaigns are strengthening the Group’s interests in new renewable energy and creating jobs for young people. Through the Happy Sunshine campaign, which is about sharing solar energy with our society, and Dream Plus campaign, which is about supporting young people’s dreams and their strong spirits, the Group wanted to present Hanwha’s image as a company that works with our society to make the world a better place to live. We cheer for young people’s flame-like lives and offer support for our society’s sustainable growth. And we hope that all Hanwha members will take interest in Hanwha’s new commercial campaigns.4. [Hanwha Aerospace] Participated in the Farnborough AirshowThe Farnborough Airshow is held in the U.K every even-numbered year. It is one of the major events in international aerospace and defense industries. The event is a great opportunity to introduce military and commercial aircraft to potential clients. This year, about 1,500 companies, including Hanwha Aerospace, from 52 countries participated in this display of the newest aircraft, aircraft engines, and many other aviation products.During the show, Hanwha Aerospace displayed a F414 engine mock-up, a ship-to-ship engine, and aircraft engine parts. They received positive responses from Korean and international customers in part because they ran a chalet. Moreover, the top management of the world top three aircraft engine manufacturers, GE, Pratt & Whitney, and Rolls Royce visited the booth, and the top management of Hanwha Aerospace discussed the aircraft market and technology trends. Because of Hanwha Aerospace’s vision and the promotion of its competitive products, they agreed to strengthen the partnership and work together for new business opportunities.Hanwha Aerospace plans to continue strengthening their global marketing effort not only through Farnborough Airshow but also through other major international airshows.5. [Hanwha Affiliates] Held a Financial Assistance Agreement Ceremony for Job Creation FundThe phrase “win-win growth” between large corporations and small and medium-sized companies is a hot topic these days. Hanwha has been fulfilling its win-win growth philosophy “Going Further Together”, and faithfully carrying out its social and economic responsibilities. As part of this, Hanwha held an agreement ceremony with seven affiliates and KDB Bank on July 28th to support a “Job Creation Fund for Win-Win Growth”. Through the agreement, 30 billion won from Hanwha and 30 billion won from KDB were raised for the fund. And Hanwha’s partner companies can borrow money from KDB at a lower-than-market interest rate to overcome some of their financial difficulties. Besides providing financial assistance to partner companies, Hanwha supports also our partners with education and technology, and by offering consulting services like process improvement and cost management programs, the Group helped partner companies improve their manufacturing processes, production cost, and quality competitiveness.These supporting activities were well received by the partner companies because the programs provided actual help improving their business operations, an aspect that can be easily overlooked by small companies. We look forward to seeing more win-win growth partnerships and job creations through more diverse methods.6. [Hanwha Life] Held the 18th Hanwha Life World Youth Go (Baduk) ChampionshipHanwha Life has been holding ‘The World Youth Go (Baduk) Championship’ for 18 years. The championship holds an unmatched status as the gateway to becoming a professional Go player.About 10,000 children participated in this year’s competition. After preliminary matches in 24 local areas throughout Korea, 272 children from nine countries, including Korea, China, Japan, Singapore, Vietnam, and Russia made it to the final rounds.The Hanwha Life World Youth Go (Baduk) Championship attracted big shots from around the world. For the champion, a trophy with a scholarship of 10 million won was awarded. And for each category winner, a total of 27.5 million won in scholarships was awarded. After a fierce final match, 6th grade student Kim Seoung-gu from Jeonnong Elementary School won the title. Hanwha Life plans to continue developing and nurturing children who love Go. We cheer for those talented children who are going to lead the future of Korean Go.