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Hanwha Corporation plans to undergo a spin-off, creating a new entity called Hanwha Machinery & Service Holdings for its tech and lifestyle sectors, while retaining defense and heavy industry operations. The spin-off ratio is set at 76.3% for the surviving entity and 23.7% for the new one, aimed at addressing the conglomerate discount affecting valuation.

The board approved the spin-off on the 14th, with completion expected by July after a June shareholder meeting. Additionally, Hanwha will cancel 4.45 million treasury shares and increase dividends to 1,000 KRW per share. This restructuring is intended to enhance corporate value by allowing each entity to pursue tailored strategies and improve decision-making efficiency.