Hanwha Group Named Among TIME's 100 Most Influential Companies of 2024
Hanwha Group Named Among TIME's 100 Most Influential Companies of 2024
  • BK Min, 박주범
  • 승인 2024.05.31 12:24
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Hanwha Group has been recognized as one of TIME magazine's "TIME100 Most Influential Companies This Year", a testament to its unique contributions and global impact.

On the 30th (local time), TIME unveiled its list of the 100 most influential companies in the world. This selection process involves meticulous data evaluation, input from contributors, correspondents, and external experts, and a final assessment by editors based on key criteria.

TIME stated, "Hanwha Group is not only excelling with its defense exports, pushing its market value past $7.8 billion in 2023, but is also advancing in renewable energy sectors such as solar, wind, and clean hydrogen technology."

Following its acquisition of Hanwha Ocean, Hanwha Group has accelerated the development, certification, and demonstration of eco-friendly technologies. 

In September last year, Hanwha Ocean received Approval in Principle (AIP) from the American Bureau of Shipping (ABS) for a large LNG carrier that emits no carbon gases. In January this year, Vice Chairman Kim Dong-kwan presented a vision for maritime decarbonization solutions at the Davos Forum.

Hanwha Solutions is investing 3.2 trillion KRW in Georgia, USA, to create a solar hub. With a module production capacity of 8.4 GW, it aims to become a key base for the solar industry and carbon neutrality.

Hanwha Aerospace has secured primary and secondary contracts with Poland for the K9 howitzers and Chunmoo. Additionally, it signed an agreement with the Australian Department of Defense to supply next-generation Redback tracked infantry fighting vehicles, demonstrating world-class production capabilities and technology. 

The export of the Redback vehicles marks a significant achievement, outcompeting companies from defense industry leaders such as the United States, the United Kingdom, and Germany. It is considered a major export to a Five Eyes country.

As the system integrator for the Nuriho rocket, Hanwha Group has secured independent launch vehicle manufacturing infrastructure and technology, leading the private sector-driven space economy. In April this year, 

Hanwha Aerospace achieved the milestone of producing 10,000 aircraft engines, leveraging 45 years of accumulated expertise to build an ecosystem for the aviation engine sector. The company plans to secure global-level independent aviation engine technology by the mid-2030s.

TIME has been announcing the 100 most influential companies worldwide since 2021. In the first year, Samsung and HYBE were included from South Korea, followed by HYBE and The Pinkfong Company in 2022. In 2023, Samsung, SK, Kia Motors, and Blind were selected. For 2024, Hanwha Group is the only South Korean company to make the list.

The link to the Korean version of this article is as follows.

한화그룹, 2024년 타임 '세계 100대 기업' 선정 

Source_ⓒHanwha Group


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