Company profile

Future of Hanwha

#
Rank
252
| Quantumrun Global 1000

Hanwha Group is one of the biggest business conglomerates (chaebol) in South Korea. Established in 1952 as Korea Explosives Co., the group has expanded into a large multi-profile business conglomerate, with various holdings stretching from their original business, retail to financial services, to explosives. The company adopted its abbreviation as the new name: "Hanwha" in 1992.

Home Country:
Sector:
Industry:
Insurance - Life, Health
Website:
Founded:
1952
Global employee count:
49000
Domestic employee count:
Number of domestic locations:
56

Financial Health

3y average revenue:
$39450000000000 KRW
3y average expenses:
$1664180000 KRW
Funds in reserve:
$2860420000000 KRW
Market country
Revenue from country
0.81

Asset Performance

  1. Product/Service/Dept. name
    Finance
    Product/Service revenue
    22716800000000
  2. Product/Service/Dept. name
    Trading and wholesale retails
    Product/Service revenue
    5933700000000
  3. Product/Service/Dept. name
    Petrochemical production
    Product/Service revenue
    574500000000

Innovation assets and Pipeline

Investment into R&D:
$205000000 KRW
Total patents held:
464
Number of patents field last year:
6

All company data collected from its 2015 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

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