Hanwha Wins Australian Approval to Boost Stake in Austal, Expanding Global Shipbuilding Ambitions

SEOUL, Dec. 12 (Korea Bizwire) — Hanwha Group secured approval from the Australian government to increase its stake in Austal Ltd., advancing the South Korean conglomerate’s effort to expand its defense and shipbuilding footprint across Oceania and North America. Australia’s Treasurer Jim Chalmers said the government will allow Hanwha to lift its shareholding in the Perth-based [...]