Hanwha Semitec said on Nov. 9 it has named business chief Kim Jin-woo (김진우) as CEO-designate.

Kim graduated from Korea University's statistics department and worked at KPMG and AT Kearney. He built experience in setting business strategies in semiconductors, secondary batteries and industrial machinery while working at an accounting firm and a strategy consulting company. He joined Hanwha Group last year.

After joining Hanwha Semitec, he was responsible for strategy planning and overall business operations. He led market expansion for the company’s main business of back-end semiconductor equipment. He has also been in charge of restructuring the industrial equipment business and securing new growth engines.

During the period Kim served as business chief, Hanwha Semitec expanded its scale in the semiconductor equipment business. In 2025, it generated more than 90 billion won in revenue with the TC bonder "SFM5 Expert". Semiconductor equipment revenue in the third quarter this year (July to September) was 84.8 billion won, more than double the level in the same period a year earlier.

Hanwha Semitec plans to focus on expanding the TC bonder market under Kim’s leadership. TC bonders are equipment used to manufacture HBM (high bandwidth memory). It will also pursue new markets including hybrid bonders and PLP (panel level packaging). The company said current head Kim Ki-cheol, who has served concurrently as chief executive of Hanwha Vision and Hanwha Semitec, plans to focus on expanding Hanwha Vision’s business.

A Hanwha Semitec official said, "We expect the new CEO Kim, who has worked to stabilize and expand core businesses including the semiconductor equipment division, will continue to lead Hanwha Semitec’s new growth."