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According to reports, Hanwha Group plans to invest about 415 billion won in its US subsidiary. The Korean conglomerate hopes to expand its business layout in the world's largest defense market. Hanwha will participate in the sale of shares of its US defense subsidiary Hanwha Defense America and Hanwha Futureproof, a strategic investor. Hanwha Aerospace will invest approximately US$149 million in a capital increase project for the wholly-owned subsidiary Hanwha Defense America.
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According to reports, Hanwha Group plans to invest about 415 billion won in its US subsidiary. The Korean conglomerate hopes to expand its business layout in the world's largest defense market. Hanwha will participate in the sale of shares of its US defense subsidiary Hanwha Defense America and Hanwha Futureproof, a strategic investor. Hanwha Aerospace will invest approximately US$149 million in a capital increase project for the wholly-owned subsidiary Hanwha Defense America.
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