Park Jin-hai primarily focuses on K-dramas, entertainment shows and actor interviews. Beyond that, she also pens articles covering the broader arts scene, with a particular emphasis on classical music, dance and various aspects of lifestyle. Since joining The Korea Times in 2013, she has made significant contributions in the realms of hallyu (Korean wave), industry news and international affairs.
Hanwha to merge two solar affiliates
By Park Jin-hai
Hanwha Group said it has decided to merge Hanwha SolarOne, its China based solar panel maker, and Hanwha Q CELLS, a photovoltaic cell maker in Germany.
It is part of the group-wise restructuring that focuses more on its core businesses.
Hanwha SolarOne is a Nasdaq-listed company.
It said the merged entity will become the world’s largest solar cell maker.
The merger will take place in the form of Hanwha SolarOne issuing American depositary shares and swapping them with shares of Hanwha Q CELLS.
Hanwha SolarOne was established in 2010 when Kim Dong-kwan, first son of its Group Chaiman Kim Seung-youn, acquired China’s Solarfun Power Holdings.
SolarOne posted 194 billion won in operating profit in 2010, but recorded 72.8 billion won loss last year.
Hanwha acquired bankrupt German solar energy company Q-Cells in 2012 and focused more on solar energy business.
Hanwha recently announced that it will buy Samsung’s defense unit Samsung Techwin and three other affiliates.