Hanwha Group Launches New Holding Company, Consolidating Tech and Life Divisions

Hanwha Group has officially launched Hanwha Machinery & Services Holdings (Hanwha M&S), a new entity designed to integrate its technology and life solutions businesses. The launch ceremony took place in Seoul on August 3, 2026, marking a significant step in the conglomerate's restructuring efforts.

The newly established holding company will operate across two main sectors: Tech and Life Solutions. The Tech division encompasses subsidiaries such as Hanwha Vision (video security), Hanwha Momentum (logistics automation equipment), Hanwha Semitech (advanced manufacturing equipment), and Hanwha Robotics. The Life Solutions division includes Hanwha Hotel & Resort, Hanwha Galleria (department stores and food service), and Our Home (catering and food distribution).

Kim Hyung-jo was appointed CEO, leading a board of directors that includes three internal members and four independent directors, including Professor Jo Min-ho of Hanyang University. The board convened on the launch day to approve key matters such as management appointments, the establishment of various committees, and internal regulations.

Kim Dong-seon, the eldest son of Hanwha Group Chairman Kim Seung-youn and head of the group's future strategy, attended the ceremony. His presence underscores his growing influence within the conglomerate, as Hanwha M&S, with its 57 subsidiaries (including overseas entities), is set to manage a substantial portion of the group's assets, estimated at 11 trillion won.