Hanwha to develop storable bipropellant thrusters koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
3rd-generation chiefs reorganize conglomerate portfolios
Posted : 2021-03-09 09:13
By Kim Hyun-bin
Third- and fourth-generation conglomerate chiefs are reorganizing their company portfolios, selling off unprofitable businesses and double downing on future growth sectors to gain competitiveness and better recover from the economic downturn caused by the COVID-19 pandemic.
Koo Kwang-mo who took the helm of LG Group in June 2018 has been focusing on new growth sectors including AI and robotics while selling off unprofitable businesses.
The chairman recently announced the company would sell off LG Electronics mobile communications division, which has incurred consecutive losses for the conglomerate for years.
Soon after he was appointed, LG liquidated fuel cell subsidiary LG Fuel Cell Systems, in addition to deciding to sell LG Electronics Hi-Entech and LG-Hitachi Water Solutions.
With chairman s return, Hanwha explores next engines koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.
Posted : 2021-03-01 15:46
By Kim Hyun-bin
Hanwha Group Chairman Kim Seung-youn s eldest son Hanwha Solutions President Kim Dong-kwan, 38, is being appointed to managing positions in key affiliates.
Apart from heading Hanwha Solutions, the younger Kim was made executive director of Hanwha Aerospace last month to push the group s future mobility and aerospace divisions forward
Kim has made a name for himself through his leadership capabilities, establishing Hanwha Solutions as one of the main pillars of the conglomerate, and many industry insiders believe Hanwha Aerospace will likely see rapid growth with him in charge.
The move comes as his father, Chairman Kim Seung-youn, is returning to management after a seven-year absence.