Hanwha Group Overview
Pro stress-test →Hanwha Group is a public South Korean conglomerate founded in 1952. The company operates across defense, aerospace, shipbuilding, solar energy, chemicals, and financial services. As of 2022, the company recorded annual revenues of $48.2 billion and a net profit of $1.02 billion.
Strategic Profile
Pro stress-test →Hanwha has strengthened its defense and aerospace capabilities, with Hanwha Ocean becoming a subsidiary to create an integrated defense and shipbuilding group in 2025. Since 2022, Hanwha has sold its K9 Thunder self-propelled howitzer to Poland, Estonia, Romania and Norway, as well as its Chunmoo multiple launch rocket systems, positioning the group as a major global defense contractor.
Competitive Landscape
Pro stress-test →In defense and aerospace, Hanwha competes with global leaders like BAE Systems, Thales, and Rolls-Royce. In shipbuilding, primary competitors include Samsung Heavy Industries, SBM Offshore, and Fincantieri. In solar energy, the company faces competition from manufacturers like Astronergy. Hanwha's conglomerate structure allows it to compete across multiple fragmented markets with integrated capabilities.
Industry Context
Hanwha Group operates in Diversified Conglomerate (Defense, Aerospace, Shipbuilding, Energy, Chemicals).
Key facts
Founded: 1952 · Headquarters: Seoul, South Korea · Employees: N/A · Revenue: $48.2B (2022); $18.2B (Aerospace alone in 2025) · Market cap: $48.2B (estimated based on 2022 data)