Hanwha (]Hangul: ??) is one of the largest business conglomerates (chaebol) in South Korea. Founded in 1952 as Korea Explosives Co. (Hangul: ????????; Hanja: ????????), 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 changed its name to "Hanwha". The group owns Hanwha Eagles, which is a professional baseball club in South Korea. The current Chairman of Hanwha is Seung Youn Kim. Hanwha has 56 affiliates in South Korea alone and 226 networks(affiliates, branches and representative offices) around the world (as of June 2016).