Hanwha Corporation & Hanwha Systems Recognized for Shareholder-Friendly Disclosure Achievements

[Asia Economy Reporter Yoonju Hwang] Hanwha Corporation and Hanwha Systems were selected as winners in the 'Outstanding Disclosure Companies' categories at the '2020 Korea Exchange Listed Companies Disclosure Awards Ceremony' held by the Korea Exchange on the 9th, receiving awards for 'Outstanding English Disclosure Company' and 'Outstanding Disclosure Company,' respectively.

Both companies were honored for their efforts to strengthen communication with shareholders through prompt and accurate disclosure information and for actively conducting IR activities to enhance shareholder value. On the same day, Kim Jonghyun, Deputy Manager of Hanwha Corporation, and Jin Kyungmin, Deputy General Manager of Hanwha Systems, also received commendations for their outstanding work in disclosure.

The Korea Exchange has encouraged English disclosures to attract overseas investors and added an English disclosure category to the disclosure awards starting last year. Hanwha Corporation conducted a total of 30 English disclosures throughout last year, being selected as one of the three outstanding English disclosure companies in 2020.

Hanwha Corporation focused on providing high-quality information promptly to overseas investors without any difference from Korean disclosures. In particular, the English disclosures related to the spin-off and sale of the cluster munitions business, carried out as part of ESG (Environmental, Social, and Governance) management, were cited in reports by major overseas investment institutions, marking a significant achievement.

Hanwha Systems received the 2020 Outstanding Disclosure Company award in recognition of its timely disclosure of IR materials and active IR activities aimed at providing transparent corporate information to investors throughout the past year. Additionally, the company was highly evaluated for establishing its own verification system to enhance the accuracy of disclosure materials and the efficiency of information management, thereby conducting shareholder-friendly disclosure activities.

The Korea Exchange selected a total of eight companies as outstanding disclosure companies by comprehensively evaluating quantitative factors such as the number of disclosures including voluntary and fair disclosures, and qualitative factors such as disclosure accuracy, timeliness, appropriateness, disclosures with high investment utilization, and the establishment of disclosure infrastructure.

At the event, Seokwang Myung, Executive Vice President and CFO of Hanwha Corporation, stated, "Hanwha plans to actively respond to the trend of socially responsible investment through IR activities that include not only key financial performance but also ESG achievements."