Hanwha Industrial Solutions was officially launched at The Plaza Hotel in Seoul, marking the consolidation and leadership of Hanwha Group's industrial solutions business by Hanwha Aerospace. The inaugural meeting included the formal establishment of the company, the appointment of leadership, and the enactment of company bylaws. Ahn Soon-Hong, the current CEO of Hanwha Vision, was appointed as both CEO and chair of the board for Hanwha Industrial Solutions. The company's creation involved spinning off several business units from Hanwha Aerospace, with a focus on enhancing management efficiency and increasing corporate value through more agile and specialized decision-making. Hanwha Industrial Solutions aims to leverage its technological capabilities to lead the market and provide enhanced value to its customers. Hanwha Vision, established in 1990, operates in over 20 countries and is expanding its portfolio by incorporating AI and cloud technologies into its video surveillance solutions. Hanwha Precision Machinery, known for its extensive range of manufacturing equipment solutions, has advanced its semiconductor equipment lineup and is currently being tested with global semiconductor leaders. Hanwha Industrial Solutions is set to be listed on Sep. 27, with plans to merge with Hanwha Vision on Jan. 1, 2025, forming a new business holding company within Hanwha Group.