Who Owns Hanwha Systems Company?

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Who Owns Hanwha Systems?

Understanding a company's ownership is key to grasping its direction and influence. Hanwha Systems, a leader in defense electronics and IT, offers a clear example of how ownership evolves.

Tracing its origins to Samsung Precision Industry in 1977, Hanwha Systems has grown significantly, specializing in defense and IT solutions.

Who owns Hanwha Systems Company?

The origins of Hanwha Systems trace back to Samsung Precision Industry, founded on August 1, 1977. The company initiated its defense industry operations in 1978, earning a designation as a first-class defense company. This early foundation laid the groundwork for its future evolution in the defense sector.

Early Defense Industry Focus

Established in 1977, the company's initial foray into the defense industry began in 1978. This early specialization was crucial in shaping its future trajectory and expertise.

Integration with Samsung Electronics

In 1991, the defense business segment was transferred to Samsung Electronics. This move integrated defense capabilities within a larger, established technology conglomerate.

Formation of Samsung Thales

A significant development occurred in 1999 with a joint venture between French Thompson CSF and Samsung Electronics. This partnership led to the establishment of Samsung Thompson CSF Co., Ltd. on January 11, 2000.

Initial Ownership Structure

The joint venture established an initial ownership structure that combined the strengths of Samsung and the French defense technology firm, Thales Group (formerly Thompson CSF).

Evolution to Hanwha Systems

The entity evolved into Hanwha Thales in 2015 and was subsequently renamed Hanwha Systems in October 2016. This marked a significant rebranding and integration into the Hanwha Group.

Merger with Hanwha S&C

In 2018, Hanwha Systems underwent a merger with Hanwha S&C. Hanwha S&C originated from the information and communication division of Hanwha Corporation, further shaping the company's structure.

While specific initial equity splits for the founders of Samsung Precision Industry are not readily available, the joint venture with Thompson CSF in 1999 established a new ownership framework. This partnership brought together a major South Korean conglomerate with a prominent French defense technology company, laying the foundation for what would eventually become Hanwha Systems. The subsequent rebranding and mergers reflect a strategic consolidation within the broader Hanwha Group, impacting its overall corporate structure and stakeholder interests. Understanding this ownership history is key to grasping the current Hanwha Systems ownership and its position within the market, as detailed in the Competitors Landscape of Hanwha Systems.

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The ownership structure of Hanwha Systems has seen significant shifts, notably with its integration into the broader Hanwha Group and its subsequent public offering. Hanwha Systems became a publicly traded entity on the Korea Exchange on November 13, 2019.

The initial public offering in 2019, which offered 32.9 million shares and aimed to raise between W402.6 billion and W460.1 billion (approximately $383.6 million), was also a strategic move in the Hanwha owner family's succession planning. This period also saw STIC Investments, via its special purpose vehicle Helios S&C, divest a substantial portion of its holdings. A pivotal event in shaping the current corporate structure was the 2018 absorption of Hanwha S&C by Hanwha Systems, a transaction that involved STIC Investments assisting the Hanwha owner with intra-group deal regulations.

Key Stakeholders in Hanwha Systems

Understanding who owns Hanwha Systems is crucial for grasping its corporate structure and strategic direction. The company's ownership is a mix of major corporate entities, institutional investors, and employee stock ownership plans.

• Hanwha Aerospace Co., Ltd. is the majority shareholder, holding a significant 46.73% stake.
• Hanwha Energy Corporation also maintains a substantial interest with 12.80% ownership.
• The National Pension Service is a notable institutional investor, with 8.60% of the shares.
• Global investment firms like BlackRock, Inc. and The Vanguard Group, Inc. also hold smaller but significant stakes, indicating international investor confidence.
• The company's public listing in 2019 was a key step in its evolution, impacting its Mission, Vision & Core Values of Hanwha Systems and overall corporate governance.

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The Board of Directors at Hanwha Systems is structured to ensure robust corporate governance and independent oversight. As of March 25, 2024, the board includes executive director Son Jae Il, who also holds the position of Chief Executive Officer. The board is further strengthened by several outside directors, including Hwang Hyeong Ju, KOO BON SEON, and Lee Woo Jong, all appointed in March 2024 and March 2025 respectively. Ahn Byeong Cheol serves as another non-executive director, appointed March 24, 2025.

Hanwha Systems operates under a fundamental one-share-one-vote principle for its common stock, with a total of 186,993,261 shares carrying voting rights as of December 2023. To enhance shareholder engagement, the company has implemented both electronic and paper-based voting systems, with the electronic system in place since March 23, 2020, and the paper-based system since January 7, 2000. This structure allows shareholders who own 0.5% or more of the total voting shares to propose director appointments at least six weeks prior to the annual general meeting. A key governance feature is that the majority of the board comprises outside directors, ensuring a degree of independence from senior management and controlling shareholders. The company's commitment to sustainable management is further evidenced by its ESG Committee, chaired by Woo-Jong Lee, which receives full support from the Board of Directors.

Shareholder Influence and Board Independence

Shareholder rights are protected through specific voting power thresholds, allowing for direct participation in board composition. The emphasis on outside directors underscores a commitment to transparent and independent corporate governance.

• One-share-one-vote structure for common stock.
• Shareholders with 0.5% voting rights can propose director appointments.
• Majority of the board consists of outside directors.
• Electronic and paper-based voting systems facilitate shareholder participation.

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Recent strategic maneuvers by Hanwha Systems in 2024 and 2025 are reshaping its ownership landscape and indicating a focused growth strategy. These developments include significant acquisitions and adjustments to capital structures, reflecting a dynamic approach to market expansion and corporate development.

These recent activities highlight Hanwha Systems' commitment to expanding its global footprint, particularly in the U.S. defense and MRO sectors, while also streamlining its investment portfolio. The potential capital increase planned for March 2025 could further alter its ownership structure, making it crucial to monitor future announcements regarding Hanwha Systems ownership.

U.S. Market Expansion

The acquisition of Philly Shipyard for $100 million marks a significant entry into the American shipbuilding and MRO market. This move is expected to bolster the company's international presence and service capabilities.

Capital Structure Adjustments

An increased limit for third-party allocation capital increases to 30% signals potential for substantial capital infusion. This strategic financial adjustment could impact the Hanwha Systems stock ownership breakdown.

Group-Level Restructuring

Hanwha Aerospace's plan to spin off non-core units in August 2024 aims to sharpen its focus on defense and aerospace. This internal restructuring within the Hanwha Group may influence the strategic alignment and operational focus of Hanwha Systems.

Portfolio Optimization

The divestment of Hanwha Systems UK Limited's stake in Eutelsat Communications in June 2025 demonstrates a strategic pruning of non-core assets. This action helps to concentrate resources on key business areas, aligning with the broader Marketing Strategy of Hanwha Systems.

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