Search results for Hanwha Vision
Industry
Hanwha Vision posts 2025 security unit operating profit of 182.3 billion won, up 52 percent
Hanwha Vision said on Feb. 5 it posted 2025 consolidated revenue of 1.79 trillion won and operating profit of 162.3 billion won. Its security business recorded revenue of 1.34 trillion won and operating profit of 182.3 billion won, up 10 percent and 52 percent from a year earlier. The company cited growth in Europe and the Middle East, and rising sales of AI-enabled network cameras.
People
Hanwha Momentum nominates Hong Soon-jae as new chief executive
Hanwha Momentum on Feb. 2 said it has nominated Hong Soon-jae as its new chief executive. Hong, a KAIST graduate school of management master\'s degree holder, joined Samsung Aerospace in 1996 and later held roles including head of management support and global business operations. The company said it will diversify its business portfolio, bolster existing businesses such as secondary battery equipment and logistics automation, and expand into glass substrates, energy storage systems and humanoid robots.
Industry
Hanwha approves spin-off to end conglomerate discount
Hanwha will separate its defence, shipbuilding, energy and finance operations from its tech and life businesses after its board approved a shareholder spin-off on Jan. 14. The existing company will keep the core industrial businesses, while a new company will hold tech and consumer units. Hanwha expects the move to ease a conglomerate discount and improve decision-making. It also plans to cancel 4.45 million common shares, raise the minimum dividend and buy back remaining old preferred shares for cancellation.
