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Independent Space Industry Group Formed to Advance

Independent Space Industry Group Formed to Advance
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South Korea s Hanwha Systems sinks $300M into OneWeb

South Korea s Hanwha Systems sinks $300M into OneWeb
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Musk Rival OneWeb Gets Funding for Next Satellites from Hanwha

Hanwha Systems $30M Investment into Kymeta Corp Approved by CFIUS

South Korean defense company Hanwha Systems Co. (HSC) has received U.S. regulatory approval for its $30 million investment into Kymeta Corp., allowing the companies to move forward to close the transaction. Kymeta announced the approval by the Committee on Foreign Investment in the United States (CFIUS) on May 25. 

Hanwha Systems to launch $1 1 bn rights issue in June

Hanwha Systems to launch $1.1 bn rights issue in June Two other Hanwha units as top shareholders to apply for extra issues Jin-seong Kim 2 HOURS AGO Hanwha Systems  Butterfly, a personal air vehicle under development with Overair, a US air taxi startup Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea s Hanwha Group, is set to launch a rights offering next month to raise around 1.2 trillion won ($1.1 billion) as the company is looking for new M&A targets and boosting R&D spending. On May 31, the Hanwha Group unit will price its new 78.7 million shares that amount to 71.3% of its current outstanding shares. The estimated issuance price of 15,800 won apiece is 13% below the current market price.

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