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Hanwha Aerospace to spin off industrial solutions businesses from defence

SEOUL (Reuters) -South Korea's Hanwha Aerospace Co said on Friday it will spin off its industrial solutions and semiconductor equipment businesses from its flagship defence division. On Tuesday, shares of Hanwha Aerospace jumped more than 15% on expectations of a possible spinoff to strengthen its focus on defence. "Hanwha Group is upgrading management efficiency and strengthening its business competitiveness by separating its defence business and industrial solutions business," it said in a sta ....

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Hanwha Ocean committed to advancements in green tech, naval ships

Hanwha Ocean has recently intensified its endeavors in eco-friendly shipbuilding and offshore engineering, alongside advancements in technology within the global maritime defense market, the company announced on Monday. ....

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Hanwha Aerospace aims to lead Korea to land on moon in 2032

CHANGWON, South Gyeongsang - Hanwha Aerospace seeks to leverage its business capabilities, such as its space rocket engine production and satellite manufacturing, to participate in the development of the launch vehicle for Korea as it looks to land a space vehicle on the moon by 2032, the space unit of Hanwha Group said Tuesday. ....

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South Korea Nets Big Export Win with $3.2 Billion Air Defense System Deal with Saudi Arabia

South Korea Nets Big Export Win with $3.2 Billion Air Defense System Deal with Saudi Arabia
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Calls grow for counter-drone systems to protect key public utilities

Public utilities, energy research sites, the military and city and provincial governments have all called for efforts to protect the nation s key energy-related facilities from potential threats posed by drones. ....

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