Industry
Hanwha seeks bigger presence in burgeoning global robotics market
Oct. 4, 2023
Hanwha Group, South Korea's seventh-largest conglomerate, officially launched its robotics firm Hanwha Robotics on Wednesday, aiming to take the lead in the burgeoning global robotics market. Hanwha Corp./Momentum and Hanwha Hotels & Resorts set up a joint venture for Hanwha Robotics, holding 68 percent and 32 percent of the shares in the new entity, respectively. Hanwha Corp./Momentum will acquire 28,293,195 shares of Hanwha Robotics, valued at about 42.4 billion won ($31.8 million). K