Hanwha Group's Third Generation Triplets Inherit Approximately 350,000 Shares Each from Mother... Worth About 9.6 Billion KRW

Hanwha Group announced on the 28th that the three third-generation brothers, heirs of the late Seo Young-min, their mother, inherited 1,061,676 common shares of Hanwha Co., Ltd. that she held, dividing them equally with 353,892 shares each. Seo, the wife of Hanwha Group Chairman Kim Seung-yeon, passed away last August in the United States at the age of 61 after battling cancer.

The 353,892 shares, representing 1.42% of Seo's holdings, are valued at approximately 9.6 billion KRW based on the closing price on the 27th. As a result, the eldest son, Kim Dong-kwan, Vice Chairman of Hanwha Group, increased his stake to 4.91%. The second son, Kim Dong-won, President of Hanwha Life Insurance, and the third son, Kim Dong-sun, Head of Galleria Strategy Division, each hold 2.14% of the shares.