[SPONSORED REPORT] Hanwha E&C finalizes relocation to Janggyo

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[SPONSORED REPORT] Hanwha E&C finalizes relocation to Janggyo

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Hanwha E&C has relocated its offices to the Hanwha Building in Janggyo-dong. [HANWHA E&C]

Hanwha Engineering & Construction (Hanwha E&C) is marking the new year with a big move after the company completed the relocation of its offices to the Hanwha Building in Janggyo-dong in Jung District, central Seoul, on Feb. 3.

When renovation work on the Hanwha building began in November, 2014, Hanwha E&C relocated its office to Jeongyungryun Plaza, in Yeouido, western Seoul.

But the move had no impact on Hanwha E&C’s sales, which grew 2.73 trillion won ($2.3 billion) in 2015 to 3.59 trillion won in 2018. The company also turned its deficits into operating profits with a surplus of 300 billion won in 2018.

The corporation has set the goal of exceeding 4 trillion won in sales and continuing its surplus in operating profit for the fifth consecutive year.

Hanwha E&C plans to achieve sustainable growth along with profitability by increasing its share of core businesses and securing the market share based on its mid- to long-term goals.

To achieve these goals Hanwha E&C will utilize its strengths in complex development projects to lay the foundation to become a Global Infra Developer both at home and abroad.

The corporation has high expectations that its newly launched brand Forena will become a premium housing brand.

Internally, Hanwha E&C will accelerate its digital transformation through advancements in its management systems including in IT.

Hanwha E&C expects 2020 to be a meaningful year that marks the start of its business in the renovated Hanwha Building and sets the bar high for the decade to come.

BY KIM SEUNG-JUN [kim.seungjun@joongang.co.kr]

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