Investments
15Portfolio Exits
4Partners & Customers
10Latest Hanwha Group News
Aug 10, 2022
PUBLISHED :August 10, 2022 - 09:11 UPDATED :August 10, 2022 - 09:12 Suh Yung-min (Hanwha Group) Hanwha Group Chairman Kim Seung-youn’s wife, Suh Yung-min, died at 61 at a hospital in the United States on Sunday, as she was suffering from cancer, the group said Tuesday. Suh is survived by Kim, who leads South Korea‘s seventh-largest conglomerate dedicated to chemicals, renewable energy and finance, and their three sons, Dong-kwan, Dong-won and Dong-sun. Suh, who studied pharmaceuticals at Seoul National University, was the daughter of five-term lawmaker Suh Chung-hwa, who formerly served as minister of the interior and home affairs twice. Kim and Suh tied the knot in 1982. By Son Ji-hyoung ( consnow@heraldcorp.com )
Hanwha Group Investments
15 Investments
Hanwha Group has made 15 investments. Their latest investment was in IoTeX as part of their Seed VC - II on June 6, 2022.
Hanwha Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/8/2022 | Seed VC - II | IoTeX | $10M | Yes | 2 | |
1/4/2022 | Series B | VIRNECT | $30M | Yes | 6 | |
9/13/2021 | Series B | Numan | $40M | Yes | 11 | |
8/29/2021 | Series B - II | |||||
6/29/2021 | Series A |
Date | 6/8/2022 | 1/4/2022 | 9/13/2021 | 8/29/2021 | 6/29/2021 |
|---|---|---|---|---|---|
Round | Seed VC - II | Series B | Series B | Series B - II | Series A |
Company | IoTeX | VIRNECT | Numan | ||
Amount | $10M | $30M | $40M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 2 | 6 | 11 |
Hanwha Group Portfolio Exits
4 Portfolio Exits
Hanwha Group has 4 portfolio exits. Their latest portfolio exit was 1366 Technologies on June 28, 2021.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
6/28/2021 | Merger | 5 | |||
Date | 6/28/2021 | |||
|---|---|---|---|---|
Exit | Merger | |||
Companies | ||||
Valuation | ||||
Acquirer | ||||
Sources | 5 |
Hanwha Group Acquisitions
1 Acquisition
Hanwha Group acquired 1 company. Their latest acquisition was SK Incheon Petrochem on November 01, 1969.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
11/1/1969 | Corporate Majority | 3 |
Date | 11/1/1969 |
|---|---|
Investment Stage | |
Companies | |
Valuation | |
Total Funding | |
Note | Corporate Majority |
Sources | 3 |
Hanwha Group Partners & Customers
10 Partners and customers
Hanwha Group has 10 strategic partners and customers. Hanwha Group recently partnered with TotalEnergies on June 6, 2022.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
6/16/2022 | Vendor | France | 1 | ||
5/25/2022 | Vendor | Gabon | Hanwha Energy and TotalEnergies to Collaborate in LNG Industry Hanwha Energy signed a contract with TotalEnergies on May 24 in order to directly bring in 600,000 tons of LNG a year for 15 years . | 1 | |
5/25/2022 | Client | France | 1 | ||
5/24/2022 | Vendor | ||||
7/5/2021 | Partner |
Date | 6/16/2022 | 5/25/2022 | 5/25/2022 | 5/24/2022 | 7/5/2021 |
|---|---|---|---|---|---|
Type | Vendor | Vendor | Client | Vendor | Partner |
Business Partner | |||||
Country | France | Gabon | France | ||
News Snippet | Hanwha Energy and TotalEnergies to Collaborate in LNG Industry Hanwha Energy signed a contract with TotalEnergies on May 24 in order to directly bring in 600,000 tons of LNG a year for 15 years . | ||||
Sources | 1 | 1 | 1 |
Hanwha Group Team
1 Team Member
Hanwha Group has 1 team member, including former Managing Director, Kelly Merritt.
Name | Work History | Title | Status |
|---|---|---|---|
Kelly Merritt | Clean Energy Collective, BP, Sithe Global Power, STEAG Energy Services, Portland General Electric, and U.S. Navy | Managing Director | Former |
Name | Kelly Merritt |
|---|---|
Work History | Clean Energy Collective, BP, Sithe Global Power, STEAG Energy Services, Portland General Electric, and U.S. Navy |
Title | Managing Director |
Status | Former |
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