Hanwha Boosts Shareholder Returns Amidst Financial Risks


  • Share buyback/cancellation: ~4.45 million common shares (completed 4/9/2026), all 1st preferred shares to be purchased over-the-counter and cancelled
  • Minimum dividend per common share set at KRW 1,000
  • Spin-off increases debt ratio of surviving entity from 209.6% to 274.9%
  • Consolidated debt ratio 480.17% (Q1 2026), total borrowings KRW 45.1 trillion, net borrowings KRW 34.1 trillion (up 23.2% YoY)
  • Numerous lawsuits pending: 29 cases filed (KRW 413.07 billion), 82 cases received (KRW 159.237 billion), including Hanwha Ocean accounting fraud
  • Contingent liabilities: real estate PF credit enhancement KRW 1.83 trillion, Inspire Resort funding commitment KRW 1.27 trillion, Seoul Station north district purchase commitment KRW 1.6 trillion, etc.
  • Hanwha Solutions rights issue KRW 1.8 trillion; large-scale debt guarantees and loans to affiliates (Hanwha Futureproof KRW 593.16 billion, Hanwha Q Cells USA KRW 896.75 billion, etc.)
  • Hanwha Savings Bank BIS ratio 14.82%

KOSPI Filing Information


  • Filing: Securities Registration Statement (Split)
  • Company: HANWHA (000880)
  • Submission: HANWHA CORP
  • Receipt: 05-14-2026