Hanwha launches new holding firm under Kim Dong-seon

Hanwha Group launched Hanwha Machinery & Services Holdings on Monday, placing 57 technology and lifestyle affiliates under a new holding company whose future strategy will be led by Kim Dong-seon, the group chairman's youngest son. Hanwha M&S is scheduled to debut on the Kospi on Aug. 25, following its corporate split from Hanwha Corp., which shareholders approved last month. The holding company's technology portfolio includes Hanwha Vision, Hanwha Semitech, Hanwha Momentum and Hanwha Robotics.