Hanwha Systems on Thursday said it held its 2026 Shared Growth Day with about 70 partner company chief executives attending. The event, now in its fourth year, was attended by CEO Son Jae-il and about 30 Hanwha Systems employees.

Shared Growth Day is an event where Hanwha Systems reviews the past year’s shared growth policies and win-win cooperation results with partner companies and sets plans for the new year. It has been held annually since 2022, and an event previously held at year-end was held in January this year.

Hanwha Systems pledged to strengthen shared growth, including seeking ways to expand globally together, supporting the securing of future technologies, and putting safety, fairness and win-win cooperation first. It plans to explore ways to develop overseas sales channels and opportunities for export collaboration so that partners’ technologies and products can enter global markets including the United States, Europe and the Middle East this year.

It aims to create an ecosystem where large, medium and small companies in South Korea can grow together in the defence and ICT sectors. It will also expand joint technology cooperation and research and development support in promising future technology areas such as AI and unmanned systems.

Over the past three years, the company completed technology development including a standard model for a shipboard power distribution unit and a locally made multifunction radar rotary joint through investment support and technology collaboration projects with partner companies. A power distribution unit distributes power generated by a generator and protects against overcurrent. A rotary joint is a component that seals and controls fluid flow between a fixed part and a rotating part.

It will also expand by 300 percent the number of companies participating in HPMS (Hanwha Systems Partner Management Support package program), a support program to strengthen partners’ management capabilities. HPMS is a cyclical program that integrates management diagnostics, management advisory services and ESG diagnostics consulting into one. It will also increase the number of companies covered by fair trade agreements to 120.

Son Jae-il, CEO of Hanwha Systems, said, "Last year’s domestic order wins and overseas export results for Hanwha Systems were possible because of partner employees’ hard work to improve quality and their dedication and efforts to meet delivery deadlines." He added, "This year as well, we will not spare support for partner companies across technology cooperation, ESG and talent development so that we can move forward together toward the global market."

Hanwha Systems last year received the top 'AAA' rating from global ESG ratings agency Morgan Stanley Capital International (MSCI), the first among South Korean defence companies.