Hanwha Solutions and Hanwha Advanced Materials appointed 10 new executives. The two companies said on Wednesday they carried out a regular executive reshuffle. Hanwha Solutions named nine new executives and Hanwha Advanced Materials appointed one. Six of the new appointees were born in the 1980s, more than half.

The company said the reshuffle was conducted under a performance-based principle. It said it selected talent based on business results, expertise and future growth potential regardless of age or years of service. The company cited strengthening business competitiveness and accelerating future growth as the aims of the appointments.

The company said it put forward talent that can drive change and deliver tangible results amid a rapidly changing global business environment. It said it placed emphasis on raising the organisation's execution capability. It promoted people who built expertise in the field and proved results, while also appointing young leaders.

The new executives at Hanwha Solutions are Kang-il Kim (김강일), Hak-sung Kim (김학성), Bong-hwi Park (박봉휘), Jung-min Park (박정민), Chang-ha Seo (서창하), Su-chang Lee (이수창), Young-young Jo (조영영), Dae-rin Choi (최대린) and Il-jung Hwang (황일중). At Hanwha Advanced Materials, Se-ho Oh (오세호) was appointed as a new executive. The list is in Korean alphabetical order.

Hanwha Solutions said it expanded the pool of candidates for next-generation management by appointing young leaders. It plans to move toward an organisation that speeds up decision-making and responds nimbly to market changes.

A Hanwha Solutions official said, "We expanded the pool of candidates for next-generation management by promoting talent that accumulated expertise in the field and proved results, while also boldly appointing young leaders." The official added, "We plan to transition more quickly to an organisation that speeds up decision-making and responds nimbly to market changes."