Hanwha Honored in TIME100 Most Influential Companies List

Hanwha, a prominent South Korean conglomerate, has been honored by TIME as one of the TIME100 Most Influential Companies for its remarkable global impact. The company's notable achievements in the defense industry and renewable energy sector have been acknowledged, particularly its innovative plans to introduce the world's first large-scale, carbon-emission-free liquefied natural gas carrier. This initiative is crucial for creating more sustainable supply chains, given that 90% of goods are transported via the ocean.

With a strong focus on energy solutions covering production, storage, and transport, Hanwha is playing a key role in advancing the energy transition. Its investments in establishing a complete solar supply chain in the U.S., including expanding annual manufacturing capacity for solar modules and components, demonstrate its dedication to promoting clean energy growth.

The selection process for the TIME100 list involved gathering nominations from various sectors and consulting a network of global contributors and experts. The chosen companies were evaluated based on criteria such as impact, innovation, ambition, and success, resulting in a diverse group of businesses shaping the future.

Founded in 1952, Hanwha has grown into the seventh-largest business group in South Korea and a Fortune Global 500 company by adapting to evolving business landscapes and expanding its global presence in energy, ocean, aerospace, defense, finance, and retail & services. The company's strategic emphasis on sustainable development and global leadership across its diverse portfolio reflects its commitment to a brighter future for all.

Hanwha's recognition as a TIME100 Most Influential Company underscores its significant contributions to the global business landscape, particularly in the realms of defense and renewable energy. By prioritizing sustainability and innovation, Hanwha is paving the way for a more environmentally conscious and prosperous future for all.