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Reference.org
Hanwha Group
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<p>Hanwha Group is a large business conglomerate (<a href="/facts/Chaebol/EEdaI05U">chaebol</a>) in <a href="/facts/South_Korea/pCobAaVw">South Korea</a>. Founded in 1952 as Korea Explosives Co. (한국화약주식회사; 韓國火藥株式會社), the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosives—their original business—to energy, materials, aerospace, mechatronics, finance, retail, and lifestyle services. In 1992, the company adopted its abbreviation as its new name: "Hanwha". </p>