[서울신문] Kim Seung-yeon, chairman of Hanwha, comeback after 7 years… Son Kim Dong-gwan expands business stride

Eldest son, President Kim, director of’Aerospace’
Director of the company’s main business, such as’Setrec Eye’
Chairman Kim, only unregistered executives of three affiliates
Management succession work and support for new business appear to be concrete

With the return of Hanwha Group Chairman Kim Seung-yeon (69), who stepped down from the management line seven years ago on a charge of infidelity, the eldest son Kim Dong-gwan (39), the president of Hanwha Solutions, expanded the management stride by raising the name as an executive director of Hanwha Aerospace following Hanwha Solutions. have.

According to Hanwha Group on the 28th, Hanwha Aerospace recently held a board of directors and decided to recommend President Kim Dong-gwan as the executive director at the general shareholders’ meeting on the 29th of next month. After graduating from St. Paul’s High School and Harvard University, President Kim Dong-gwan, who joined Hanwha in 2010 as a deputy director, first entered the board of directors as an executive director of Hanwha Solutions last year, 10 years later. Is to widen. At the shareholders’ meeting, Hanwha Aerospace will also be appointed as an unpaid registered executive of Setrec I, a domestic satellite venture company that has acquired a stake (30%). Hanwha Solutions is responsible for Hanwha’s chemistry and energy, Hanwha Aerospace is responsible for aerospace and defense, and Setrec Eye is responsible for space satellites. President Kim is in charge of the company’s focus business.

With President Kim being registered as the executive director of a major company, it is expected that his father, Chairman Seung-yeon Kim, officially returns to management, and the succession to President Kim Dong-gwan will also materialize.

In fact, unlike the expectation that Chairman Kim will return to the position of chairman from this month and take on the registered director of major companies, he has decided to write down only to three companies, including Hanwha Corporation, Hanwha Solutions, and Hanwha E&C, but only unregistered executives.

Earlier, in February 2014, Chairman Kim resigned from the position of CEO of seven Hanwha Group after being sentenced to three years in prison and five years in probation for denunciation under the Specific Economic Criminal Punishment Act. Chairman Kim celebrates the 40th anniversary of his inauguration in July.

Although not in charge of registered executives, Hanwha still has a governance structure centered on Chairman Kim. Currently, Chairman Kim is the largest shareholder with a 22.65% stake in Hanwha Corporation, the group holding company. The eldest son, Kim Dong-gwan, has 4.44%, and the second son Kim Dong-won (36), Hanwha Life Insurance Executive Vice President, and his third son Kim Dong-seon (32), Hanwha Energy Managing Director, each have 1.67%.

As Chairman Kim has maintained his position as chairman and has taken care of the big issues of the group, weight is placed on the prospect that he will remain in the role of supporting from behind without taking on the registered officers.

An official of Hanwha Group said, “Rather than engaging in the daily management activities of affiliates, Chairman Kim will focus on finding new growth engines for the entire group and supporting global business through overseas networks.”

Reporter Oh Kyung-jin [email protected]