Hanwha Corp. to Fully Back Hanwha Aerospace's Expansion

In a bold move to support its affiliate, Hanwha Corp. has announced its full participation in Hanwha Aerospace's ambitious 3.6 trillion won capital increase. This decision underscores the conglomerate's commitment to fostering growth and innovation within its aerospace division.

Strategic Investment Approved

During a crucial board meeting held at the Hanwha Building in Seoul, directors greenlit the investment, highlighting the strategic importance of Hanwha Aerospace to the group's portfolio. Kim Seung-mo, CEO of Hanwha Corp., emphasized, "This investment is not just about financial support; it's about securing our future and enhancing value for all stakeholders."

Financial Details Unveiled

Hanwha Corp. is set to acquire 1,620,298 new shares, reflecting its 33.95% stake, at 605,000 won per share. The total investment, amounting to 980 billion won, will be financed through a mix of cash reserves and loans, showcasing a balanced approach to funding this significant capital increase.

Aerospace Division's Remarkable Growth

Since rebranding in 2018, Hanwha Aerospace has seen unprecedented growth, with last year's sales hitting 11.2401 trillion won and operating profit reaching 1.7319 trillion won. The division's stock price has skyrocketed approximately 40 times over five years, a testament to its robust performance and promising outlook.