Hanwha announced on August 11th that it has separated its collaborative robot and automated guided vehicle (AGV) businesses from its FA (factory automation) division and established a new corporation, Hanwha Robotics.

Hanwha Robotics is a joint venture company owned 68% by Hanwha and 32% by Hanwha Hotels and Resorts. The start date is expected to be early October.

The Korean robot market is expected to expand from 130 billion won this year to 550 billion won in 2027. In addition, the global market is expected to expand from 2 trillion won to 8.5 trillion won in 2027, mainly in Europe, the United States and China.

Hanwha Robotics will expand its lineup of collaborative robots from industrial use to service use. In the short term, we will handle industrial robots with solutions for welding and machine tending, and in the medium term, we will expand to services such as food tech, building management, and electric vehicle (EV) charging.

A Hanwha official said, "By concentrating on our core businesses of rechargeable batteries and solar power generation equipment, and by spinning off our collaborative robot and AGV businesses, we will achieve two goals: medium- to long-term corporate growth and profit generation. We aim to achieve our goals and increase the value of our company."