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Industry

Corporate restructuring scheme opens path for mid-sized, SMEs into advanced industries

More mid-sized and small companies are entering advanced industries using South Korea’s corporate restructuring scheme. The Industry Ministry panel approved 31 firms in three rounds from December to July, with plans to invest 439.5 billion won over five years and hire 927 people. Many shift existing process technologies into new markets such as semiconductor glass substrates, AR modules and EV components. The ministry is offering investment-attraction consulting, while petrochemicals pursue capacity cuts through separate restructuring projects.

Industry

Hanwha Solutions Q2 operating profit 306.5 billion won, up 200 percent on year

Hanwha Solutions posted a second consecutive quarter of profit across all divisions, reporting consolidated second-quarter sales of 4.58 trillion won and operating profit of 306.5 billion won. Sales rose 47.01 percent and operating profit climbed 200.33 percent from a year earlier, with an operating margin of 6.7 percent. Renewable energy, chemicals and advanced materials all remained profitable for a second straight quarter.

Industry

Hanwha Solutions Q1 operating profit up 205 percent to 92.6 billion won

Hanwha Solutions said first-quarter operating profit rose 205.5 percent from a year earlier to 92.6 billion won, while revenue increased 25.5 percent to 3.88 trillion won on a consolidated basis. It marked a return to operating profit for the first time in three quarters since the second quarter of 2025. The company said U.S. solar customs delays eased, plant operations normalised and profitability improved across renewable energy, chemicals and advanced materials.