Ownership structure of Hanwha Corp.(%) Group Chairman Kim Seung-youn 22.65 Hanwha Energy 22.16 Kim Dong-kwan (first son) 5.43 Kim Dong-won (second son) 2.14 Kim Dong-seon (third son) 2.17 (As of the end of December 2024) Hanwha Energy and its shareholders – the three sons -- are expected to use the proceeds from the IPO to bump up their shares in Hanwha Corp., according to market insiders.
The remaining 50%is evenly split by his two younger brothers: Kim Dong-won, CEO of Hanwha Life Insurance and Kim Dong-seon, vice president of department store operator Hanwha Galleria.Hanwha Corp.’s major subsidiaries (%) Hanwha Aerospace Co.33.95 Hanwha Life Insurance Co 43.24 Hanwha Galleria Corp 36.31 Hanwha Solutions Corp 36.31 Hanwha Hotels & Resorts Co.49.8 (As of the end of December 2024) Hanwha Energy operates a district energy business based on the cogeneration power plant in the Yeosu National Industrial Complex in South Jeolla Province, South Korea.
Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a move expected to accelerate the group’s transition to the third-generation leadership, according to investment sources on Tuesday.
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