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New Beginnings (2025 to Present) In January 2025, Hanon Systems underwent a change in its majority shareholder, becoming a subsidiary of Hankook & Company Group. With this acquisition, Hanon Systems now forms one of the three core portfolios of Hankook & Company Group, alongside its tire and battery businesses. Through this acquisition, Hanon Systems is poised to leverage synergies with Hankook & Company Group to advance as part of a global high-tech group.

Building on a Strong Reputation (2014 to 2017) The establishment of Halla Visteon Climate Control marked the birth of a new company poised to lead the global automotive climate sector. The company aimed to grow into a world-class enterprise by leveraging synergies and building a sustainable framework. In late 2014, it acquired the thermal and emissions business from Cooper-Standard, laying the foundation for growth in automotive thermal management solutions. In mid-2015, following Visteon's sale of its shares, Hahn & Company Auto Holdings became the majority shareholder, and the company was renamed Hanon Systems. In 2016, Hanon Systems celebrated its 30th anniversary, achieving several milestones: it was selected as one of Asia's best companies by Forbes Asia, won the IR52 Jang Young-Shil Award for its triple-zone HVAC, and received New Excellent Technology (NET) certifications for its in-vehicle air purification technology and centrifugal air compressor.

Building a Sustainable Future (2018 to 2024) The industry shift toward eco-friendly vehicles represents a significant opportunity for Hanon Systems. With its sharp focus on accelerating growth, enterprise excellence and a customer-focused mindset to deliver shareholder value, the company continues to see its business grow. Hanon Systems has strategically diversified its portfolio to include a wide range of solutions for electric, hybrid and internal combustion engine (ICE) vehicles. With an eye on the future, Hanon Systems remains diligently focused on implementing continuous improvement actions to achieve operational excellence and deliver innovative automotive thermal and energy management solutions across multiple vehicle platforms.

Quality and Innovation Recognition (2000 to 2013) Halla Climate Control (HCC) continued its growth through quality and innovation throughout the early 2000s . Starting with Hyundai-Kia Motor Company’s (HKMC) "Supplier of the Year" award and ISO/TS 16949 certification in 2002, HCC achieved various milestones, including being listed on Forbes Magazine‘s "Best under a Billion" for three consecutive years and winning the Automotive News PACE Award in 2007. The company focused on technological innovation, winning the IR52 Jang Young-Shil Award consecutively from 2006 to 2010 for its Variable Swashplate (VS) compressor, ion cluster generator, and rotary suction compressor. In the 2010s, HCC continued its growth by developing eco-friendly solutions, producing 50 million compressors, and advancing HVAC miniaturization technology1. A significant turning point came in 2013 when HCC integrated with Visteon Corporation's global climate business, forming Halla Visteon Climate Control (HVCC)1. This merger propelled the company to become the second-largest automotive climate supplier in the industry, marking a new era of global expansion and technological leadership.

The Early Years (1986 to 1999) Halla Climate Control Corp. (HCC) was formed in 1986 as a joint venture between Ford Motor Co. and Mando Machinery Corp. In 1989, the company established its first research and development center in Daejeon, Korea. In the same year, HCC launched its first manufacturing operation outside of Korea in Ontario, Canada. In 1999, Ford transferred its majority equity stake in HCC to Visteon Corp. In this same year, the company was recognized by General Motors with its prestigious “Supplier of the Year” award. During this period the company continued to grow, establishing its compressor operation in Pyeongtaek in 1991 and opening its Thailand operation in Rayong in 1996.