Hanwha Group Expands Defense and Space Presence with Increased KAI Stake and Regulatory Filing

Hanwha Group has increased its equity stake in Korea Aerospace Industries (KAI) to 15.89% and has filed for a business combination review with the Korea Fair Trade Commission. This strategic move, driven by Senior Vice Chair Kim Dong-kwan, is part of Hanwha's broader expansion in the defense and space sectors. The successive investments and large-scale plans are aimed at driving the group's mid-to-long term growth strategy.