Hanwha Group is one of the largest business conglomerates in South Korea. Founded in 1952 as Korea Explosives Co., the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosives, their original business, to retail to financial services. In 1992 the company adopted its abbreviation as the new name: "Hanwha".

Hanwha has 56 affiliates in South Korea alone and 226 networks (affiliates, branches and representative offices) around the world (as of June 2016).