Hanwha Group Replaces CEOs at Construction, Impact, and Semitech Affiliates (Comprehensive)

Wooseok Kim, Giwon Yang, and Jaehyun Kim Named as New CEOs
Proven Leaders Appointed Amid Flexible Personnel Policy
Strengthening Expertise and Global Capabilities
Enhancing Mid- to Long-Term Competitiveness

Hanwha Group has announced key executive appointments across its major affiliates to respond to the rapidly changing global environment and strengthen its professional management system.

On October 28, the group revealed that it has designated three new CEOs for three affiliates: Hanwha Corporation Construction Division, Hanwha Impact Business Division, and Hanwha Semitech. Wooseok Kim, currently Head of Finance at Hanwha Corporation’s Strategy Division, has been named President-designate of Hanwha Corporation Construction Division. Giwon Yang, former President of Hanwha Corporation’s Global Division, has been appointed President-designate of Hanwha Impact Business Division. Jaehyun Kim, currently Head of Technology at Hanwha Foodtech, has been named President-designate of Hanwha Semitech.

From the right, Wooseok Kim, President-designate of Hanwha Corporation Construction Division, Jaehyun Kim, President-designate of Hanwha Semitech, and Giwon Yang, President-designate of Hanwha Impact. Provided by Hanwha Group

Hanwha Group explained, "We aimed to strengthen the company’s mid- to long-term competitiveness by appointing executives whose expertise, experience, and global business capabilities have been proven." The group added, "We are maintaining a flexible personnel policy to enhance the competitiveness of each business in response to the rapidly changing management environment, and this round of appointments is a continuation of that approach."

Wooseok Kim, President-designate of Hanwha Corporation Construction Division, is a hands-on leader who has built expertise in management and finance over more than 30 years within the group. Recently, the construction division has faced challenges in profitability management due to declining sales and a reduction in order backlogs, and is currently restructuring its business portfolio to focus on complex development and non-residential infrastructure. Kim is expected to stabilize the business by expanding high-quality orders, improving financial soundness, and strengthening safety management. The current President, Seungmo Kim, will move to Hanwha Aerospace as Head of Defense Strategy in the Strategy Division.

Giwon Yang, President-designate of Hanwha Impact, is a strategic expert who has served as Head of Business Development at Hanwha Chemical, Head of Strategic Planning at Hanwha Solutions, and President of Hanwha Corporation’s Global Division. Hanwha Impact has recently shifted its portfolio from a focus on petrochemicals to investments in hydrogen, bio, and new businesses, emerging as a new growth engine within the group. Yang is expected to lead the expansion of global business by driving business restructuring, diversifying export markets, and accelerating investment in new businesses.

Jaehyun Kim, President-designate of Hanwha Semitech, is an expert in the semiconductor equipment field with over 30 years of experience at Samsung Electronics and Applied Materials (AMAT). Recently, Hanwha Semitech has been working on developing 'hybrid bonder' technology, a core piece of equipment for next-generation semiconductor processes, through joint research with SK Hynix and others. Kim is expected to strengthen Semitech’s technological competitiveness by leading the commercialization of next-generation equipment and entry into the global market.

A Hanwha Group representative stated, "These appointments were made in consideration of the characteristics and growth stage of each business," adding, "The purpose of this personnel change is to strengthen the global competitiveness of our core businesses and establish a professional management system." Under the leadership of the new CEOs, each company will form a new organization, establish next year’s management strategies early, and execute their business plans. The nominees will be officially appointed after going through each company’s shareholders’ meeting and board of directors procedures.