Hanchang Corporation engages in fire prevention, hotel management, and property development business. The company engages in real estate development activities; producing, marketing, and distributing drama and cultural contents; and manufactures and markets gas-based fire protection and suppression systems. It also manages Ramada Seoul Namdaemun Hotel & Suites, a hotel in Seoul, as well as Park Place, a residential complex with 61 units; international ferry services; and business to business electronic settlement brokerage services platform, including electronic payment, collateral electronic payment, electronic tax form filing system services, and other services. The company was formerly known as Hanchang Textile Corporation and changed its name to Hanchang Corporation in 1984. Hanchang Corporation was founded in 1967 and is headquartered in Busan, South Korea.