• Chairman of Hanwha Group
    Kim Seung-yeon

    Second-Generation Business Leader with a Bold Spirit, Accelerates Succession Plan for Three Sons

    Last Updated on Jan 9, 2025

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Life Summary
Kim Seung-yeon is the chairman of Hanwha Group.

He is in the process of transferring management rights to his three sons, with the focus on his eldest son, Kim Dong-kwan, vice chairman of Hanwha Group.

By acquiring Daewoo Shipbuilding & Marine Engineering, he has moved a step closer to realizing his dream of turning Hanwha Group into the "Lockheed Martin of Korea."

He was born on February 7, 1952, in Cheonan, Chungcheongnam-do, as the eldest son among two sons and one daughter of Kim Jong-hee, the founder of Hanwha Group.

He graduated from Seoul Gyeonggi High School, Shattuck St. Mary’s School in the United States, and the business administration department of Menlo College. He earned a master’s degree in international politics from DePaul University.

In 1981, following the death of his father, he became chairman at the young age of 29.

After being convicted of charges such as embezzlement, he stepped down from all positions as CEO of affiliated companies, while retaining the title of group chairman.

In 2021, he officially returned to management after seven years, serving as a non-registered executive of Hanwha, Hanwha Solutions, and Hanwha Construction.

He has served as vice president of the Korean Olympic Committee, president of the Korea Amateur Boxing Federation, president of Kyunghyang Shinmun, and chairman of the board at Sungkonghoe University.

He upholds trust as his management philosophy and has established a unique corporate culture that values loyalty.

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