Security

Hanwha’s Robust Financial Results: Significant $1Bn Revenue Achievement

This Research Note explores the development and financial highlights of Hanwha Vision, formerly known as Hanwha Techwin, a video surveillance company listed on the South Korean stock exchange. This analysis is based on  Hanwha Vision’s Sustainability Report, 2nd July 2025, and Memoori analysis. Hanwha Vision Profile Headquartered in South Korea, Hanwha Techwin entered the video security business in 1990, designing and manufacturing surveillance and optoelectronic products, including network cameras, video recorders, lenses, controllers, switches and transceivers. The company changed its name to Hanwha Vision in March 2023 to reflect its expanding focus on vision solutions beyond security. The company caters for multiple vertical markets including retail, oil and gas, transportation, healthcare, banks and education. It has expanded its portfolio by incorporating AI and cloud technologies into its video surveillance solutions, focusing on key sectors such as retail and urban safety.  As of year-end 2024, the company reported 2,530 employees. The company operates a global network […]

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