Hanwha Group Chairman Kim Seung-yeon Hanwha, the South Korean chemicals-to-financial conglomerate, has been a key player in the M&A market with a series of conspicuous acquisitions in the past few years in the hydrogen, solar power and aerospace sectors.Recent economic headwinds such as hig
KF-21 Boramae, Korea's first advanced supersonic jet fighter, conducts its first flight on July 19 KF-21 Boramae, South Korea’s first advanced supersonic jet fighter, successfully completed its first flight test on Tuesday more than six years after the 8.8 trillion won ($6.7 billion) deve
Butterfly, Overair's experimental aircraft prototype being jointly developed by Hanwha Systems South Korea’s Hanwha Systems Co. and Hanwha Aerospace Co. have invested a combined $115 million in Series B funding for Overair Inc., a California-based urban air mobility (UAM) company, t
Hyundai Rotem's K2 Black Panther, a next-generation main battle tank (Courtesy of South Korea’s defense ministry) South Korea’s defense makers are in the spotlight as nations are expected to boost their military power amid the Russia-Ukraine war. Industry experts cautiously forecast
Image of Hanwha Aerospace’s small projectile Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, is developing system technology for small projectiles that launch a satellite weighing about 500 kilograms into space with the country’s aeronautics and space agency.