[박종면 칼럼] 한화솔루션, 그래도 유상증자는 해야

Hanwha Solutions faces an unavoidable equity offering to address its 196% debt-to-equity ratio, worsened by simultaneous downturns in petrochemicals and solar energy. Delaying restructuring risks credit downgrades and larger refinancing burdens, making immediate capital increases necessary despite shareholder resistance. Management must couple funding with concrete fiscal discipline and governance improvements to retain investor trust.