Hanwha Aero Achieves 'Level 8' in Government-Certified Management System Audit... "Top Level in Korea"

Achieved 'Level 8+' in 5 Categories Including Leadership... "Recognized for ESG Management"

A worker inspects an engine at Hanwha Aerospace Changwon Plant. (Photo by Hanwha Aero)

[Asia Economy Reporter Moon Chaeseok] Hanwha Aerospace has achieved the highest domestic level, 'Level 8,' in the government-led Productivity Management System (PMS) certification audit.

Hanwha Aero announced on the 6th that it recorded Level 8 in the PMS audit, a corporate management system capability diagnosis program hosted by the Ministry of Trade, Industry and Energy and the Korea Productivity Center. The PMS certification is a system introduced under Article 30 of the Industrial Development Act to support productivity improvement through systematic innovation activities by companies. According to Hanwha Aero, 'Level 8' is a grade given to companies with a management system capable of responding quickly and flexibly to environmental changes.

Hanwha Aero reported that during the four-day audit held from the 21st to the 24th of last month, it received 'Level 8+' in five of the seven categories: leadership, productivity innovation deployment, customer and market management, measurement, analysis and knowledge management, and human resources. This not only broke Hanwha Aero's own record but also achieved the highest score among domestic defense companies.

Hanwha Aero emphasized that operating an optimal vision system that realizes innovative growth in the leadership category was significant. It was highly evaluated for enhancing sustainability for the future by systematically implementing ESG management through the establishment of an ESG (Environmental, Social, and Governance) committee and the publication of a sustainability management report last year. Shin Hyun-woo, President of Hanwha Aero, said, "We will strengthen the optimal management system that continuously secures the best performance, taking this PMS Level 8 certification as an opportunity."

Hanwha Aero is a major gas turbine engine manufacturer and a space and aerospace engine specialist that started its gas turbine engine overhaul business in 1979 and entered the aircraft engine business, producing over 9,000 engines. It has manufactured engines for various Air Force fighter jets and helicopters, as well as naval ship engines, and recently has been leading the integrated development of the engine for the next-generation Korean fighter jet 'KF-21 Boramae.' It is also participating in the production of liquid engines for the Korean launch vehicle 'Nuriho.'