SEOUL, Jan. 14 (Korea Bizwire) — Hanwha Corp., the de facto holding company of Hanwha Group, said Wednesday it will split its operations to create a new holding company for its technology and lifestyle businesses, while keeping its defense and shipbuilding units under the existing corporate structure—a move aimed at improving governance and sharpening strategic [...]
SEOUL, Oct. 15 (Korea Bizwire) – Defense giant Hanwha Aerospace Co. said Wednesday it has signed an agreement with U.S. defense company General Atomics Aeronautical Systems Inc. (GA-ASI) to jointly develop a short take-off and landing (STOL) unmanned aerial vehicle (UAV), marking a major step forward in defense industry cooperation between South Korea and the [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hanwha Group said Tuesday its three defense affiliates, including Hanwha Aerospace Co., will participate in an international defense industry exhibition in Poland this week, as the South Korean group spearheads its bid for the Eastern European country’s submarine modernization project. At MSPO 2025, set to be held Tuesday (local [...]
SEOUL, Aug. 27 (Korea Bizwire) — Hanwha Group, South Korea’s chemicals-to-shipbuilding conglomerate, said Wednesday it will invest 7 trillion won (US$5 billion) in its shipyard in the United States, following President Lee Jae Myung’s recent summit with U.S. President Donald Trump. The investment aims to significantly boost production capacity at Hanwha Philly Shipyard in Philadelphia [...]
SEOUL, July 22 (Korea Bizwire) — Hanwha Aerospace Co. is well positioned to lead maintenance, repair and overhaul (MRO) operations for the U.S. Army’s CH-47 Chinook helicopter engines under a new South Korea-U.S. defense cooperation pilot project, a company official said Tuesday Earlier in the day, South Korea’s defense ministry announced that the two countries [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s Hanwha Systems Co. has partnered with U.S. defense giant Northrop Grumman Corp. to jointly develop multilayered air defense systems, industry sources said Monday. According to the sources, Hanwha Systems has recently signed a memorandum of understanding (MOU) for joint projects in air defense systems with the U.S. [...]
SEOUL, June 10 (Korea Bizwire) — South Korea’s Hanwha Group said Tuesday it has received approval from the U.S. government to acquire up to a 100 percent stake in Australia-based shipbuilding and defense firm Austal, clearing a major hurdle in its push to expand its presence in the global defense market. The recent approval from [...]
SEOUL, May 16 (Korea Bizwire) – The chief executive officers (CEOs) of HD Hyundai and Hanwha Ocean Co., South Korea’s major shipbuilders, met with U.S. Trade Representative (USTR) Jamieson Greer to explore cooperation in the shipbuilding sector, the companies said Friday. HD Hyundai CEO Chung Ki-sun and Hanwha Ocean CEO Kim Hee-cheul had separate meetings [...]
SEOUL, April 25 (Korea Bizwire) — LG Electronics Inc. said Friday it has signed a memorandum of understanding (MOU) with Korea Electric Power Corp. (KEPCO) and Hanwha Corp. to jointly develop next-generation data center cooling solutions. Under the agreement, the three companies will collaborate to build a power-saving data center with a total capacity of [...]
SEOUL, April 17 (Korea Bizwire) – South Korean defense giant Hanwha Aerospace Co. said Thursday it has signed a memorandum of understanding (MOU) with a Romanian university to expand industry-academia collaborations in the Eastern European country. The trilateral agreement with the University of Science and Technology Politehnica Bucharest and South Korea’s Pusan National University aims [...]