Industry
Hanwha launches Hanwha M&S intermediate holding company for tech and life businesses
Hanwha has launched an intermediate holding company grouping its tech and life affiliates, as the group moves to a more independent management system by business area. Hanwha Machinery & Service Holdings, or Hanwha M&S, held a launch ceremony in central Seoul on Sunday and declared its official establishment. The company spans two divisions and includes 57 affiliates worldwide. It plans to list on the Korea Exchange’s main board on Aug. 25.