Hanwha Ocean

The Hanwha Group (Chairman Kim Seung-yeon) has finally completed the acquisition of Daewoo Shipbuilding & Marine Engineering. Daewoo Shipbuilding & Marine Engineering is newly launched under a new name, 'Hanwha Ocean' (CEO Hyuk-woong Kwon, Vice Chairman).

Hanwha is Hanwha Aerospace, Hanwha Systems, Hanwha Impact Partners, and two Hanwha Energy subsidiaries invested approximately KRW 2 trillion in paid-in capital increase and secured 49.3% of Hanwha Ocean's shares, becoming the majority shareholder.

With this, six months after the signing of the main contract on December 16 last year, DSME will make a new start as Hanwha Ocean, an affiliate of Hanwha Group.

Hanwha Ocean's Vice Chairman Kwon Hyuk-woong was appointed as the CEO. In addition, President Kim Jong-seo and President Jeong In-seop were appointed as inside directors. President Kim Jong-seo will be in charge of the Merchant Ship Division, and President Jeong In-seop will be in charge of the Geoje business site. Vice Chairman Kim Dong-gwan of Hanwha Group is appointed as a non-executive director and participates in management.

◇ Leading a 'Global Ocean & Energy Leading Company' by nurturing technology-oriented talent

Vice Chairman Kim Dong-gwan supports Hanwha Ocean's rapid business normalization and overseas market expansion. do. Vice Chairman Kim encouraged Hanwha Ocean to grow into a leading global marine and energy company through 'righteous management' and 'human resource development'. In a letter to the CEO, “Ocean’s employees have the potential to build a world-class company on Okpo Bay, and Hanwha has a growth story that has led to core businesses through synergies with competent companies through numerous M&As.” Based on an excellent technology-centered culture, we will foster a sustainable eco-friendly technology company and a global company that can realize stable profits with the world's best competitiveness.” The CEO said, “Ocean of Hanwha Ocean means sustainability and challenge. Let's go together on a great journey toward becoming a global ocean energy leader through our pioneering spirit and continuous innovation on the stage of the ocean, where 95% of the unknown territory is covered.” did.