Hanwha promotes chairman’s three sons in leadership reshuffle

Hanwha Group on Thursday promoted Kim Dong-kwan to executive vice chairman as the South Korean conglomerate elevated all three sons of Chairman Kim Seung-youn, further cementing its third-generation leadership structure.

Kim Dong-kwan, the chairman’s eldest son, has overseen Hanwha’s defense, shipbuilding, aerospace and energy businesses, including Hanwha Aerospace, Hanwha Ocean and Hanwha Solutions.

The group credited him with driving rapid global growth and successfully executing strategic pro ...