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Samsung Techwin

Hanwha Techwin Co., Ltd.
Native name
Korean: 한화테크윈
Public
Traded as KRX:
Industry Physical Security
Video Surveillance
Defence
Predecessor Samsung Techwin
Founded

1977; 40 years ago (1977) (as Samsung Techwin)

2015; 2 years ago (2015) (as Hanwha Techwin)
Headquarters Seongsan, Changwon, Gyeongsangnam-do, South Korea
Key people
Cheol Kyo Kim (President & CEO)
Revenue 2,947 trillion ₩ (2011)
2,615 billion ₩ (2014)
Number of employees
4,501 (2014)
Parent Hanwha Group
Subsidiaries Hanwha Defense Systems
Website www.hanwhatechwin.com

1977; 40 years ago (1977) (as Samsung Techwin)

Hanwha Techwin (Korean: 한화테크윈), founded as Samsung Techwin, is a surveillance, aeronautics, optoelectronics, automations and weapons technology company. It is a subsidiary of Hanwha Group. The company employs 4,501 employees and is headquartered in South Korea. Its totals sales in 2014 were 2,615 billion South Korean won.

The company was founded as Samsung Techwin in 1977. Under Samsung, the company established a precision instrument laboratory in 1978, and started making cameras in 1979. In technical cooperation with General Electric, it started manufacturing jet engines for Korean aircraft in 1980. Manufacture of 155 mm (6.1 in) self-propelled artillery began in 1984.

It changed its name to Samsung Aerospace Industries in 1987 and started to make helicopters. It acquired Rollei, a German camera manufacturer, and Union Optics of Japan, a manufacturer of semiconductor equipment. In 1996 it developed the SB427 helicopter with Bell and began selling digital cameras branded as "Samsung Kenox" in 1997. The same year, it made the first KF-16 fighter jet in Korea.

It handed over the firm's aircraft business to Korea Aerospace Industries in 1999 and changed its name to Samsung Techwin in 2000.

It exported the K-9 155mm self-propelled artillery to Turkey. In 2005, the company marked first place in Korean digital cameras market share and started a technical co-operation with Pentax.


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