Business Hanwha accelerates 'two-track management' with spin-off
By Diplomacy Journal Lee Jon Young | Hanwha Corporation is implementing a spin-off into two entities: one corporation comprising the existing defense, shipbuilding, energy, and finance operations and a new entity encompassing Hanwha’s tech and lifestyle businesses. The strategy aims to simultaneously enhance corporate value and shareholder value by establishing strategic planning tailored to each business group's characteristics and building a rapid decision-making system. Hanwha Corporation announced on January 14 that its board of directors has approved the spin-off. The process is scheduled