Hanwha Advanced Materials to relocate to Sejong
By Park Jin-hai Hanwha Advanced Materials, a unit of Hanwha Group, will relocate its headquarters to Sejong City from Seoul.The company has two local factories in Sejong City and Eumseong-gun, North Chungcheong Province, where it produces materials for vehicles and solar panels. “By having our headquarters near factories, we will be able to eliminate the time and physical distances,” said Kim Chang-bum, CEO of Hanwha Advanced Materials. “It will fasten policy making and create synergic effects. We could better cope with the fast changing demands of advanced materials and cut costs.”By moving to a local Chungcheong Province, the home for its parent group, the company aims to revive the regional economy as well, he added.Kim, who has been working there since last month, said that teams responsible for project planning and personnel will move to the city from December.By the time the construction of the four-story headquarters is completed in the latter half of next year, all employees except for automotive and solar material marketing divisions will be relo
