Hanwha to make satellite thrusters with Korea's aerospace institute

Hanwha Corp. will develop the bipropellant thruster, a key component for adjusting the satellite’s position in orbit, together with Korea Aero...

Korea’s M&A market heats up with record deals in first half

South Korea’s merger and acquisition market is heating up as both big conglomerates and promising startups seek to buy out businesses with gro...

Hanwha to buy $900 mn Hanwha General shares from Samsung

Two Hanwha Group units have decided to buy the remaining stake in their affiliate Hanwha General Chemical Co. for 1 trillion won ($880 million) from...

Failed M&As in Korea now draw excess of candidates with better outlook

South Korea’s M&A market is heating up as the outlook for the global economic recovery is becoming more comfortable this year.The M&A ...

Daewoo Shipbuilding to build $1 bn offshore facility for Brazil’s Petrobras

Daewoo Shipbuilding & Marine Engineering Co. has won a 1.1 trillion won ($1 billion) deal to build an offshore facility for Petroleo Brasileiro ...

Hanwha Systems’ $1 bn rights offer oversubscribed; investors to book gains

South Korea’s Hanwha Systems Co. is set for a successful rights offering as the defense and air mobility unit of Hanwha Group has garnered str...

Hanwha Aerospace in $320 mn deal to supply aircraft engine parts to GE

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has won a $320 million deal to supply aircraft engine parts to General Elect...

Hanwha Systems to launch $1.1 bn rights issue in June

Hanwha Systems Co., which leads the satellite communication and urban air mobility (UAM) businesses of South Korea's Hanwha Group, is set to launch ...

Hanwha, KAIST to co-launch space research center

Hanwha Group will launch space technology research and commercial projects together with South Korea’s top science and engineering university,...

Hanwha Group secures $4.4 bn from KDB to finance ESG business

South Korea’s Hanwha Group has clinched a 5 trillion won ($4.4 billion) commitment from the state-run Korea Development Bank over the next fiv...

Hanwha Total becomes S.Korea’s largest polypropylene maker

Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...

Korean Air joins race for flying car business to rival Hyundai, Hanwha

Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...

Hanwha Defense readies full-scale USV development

Hanwha Defense Co., a wholly owned defense solutions subsidiary of Hanwha Aerospace Co., got the go-ahead from South Korea’s defense procureme...

Hanwha challenges monopoly in S.Korea’s nitric acid sector

South Korea’s industrial nitric acid sector, currently led by Hu-Chems Co. with around a 90% market share, will see a change in the competitiv...

Hanwha Solutions to raise 1 billion yuan in ESG bonds

South Korea’s leading renewable energy company Hanwha Solutions Corp. plans to raise 1 billion Chinese yuan ($153 million) this month in green...

Hanwha Solutions eyes $300 mn green dim sum bond issue

Hanwha Solutions Corp., a South Korean petrochemical and renewable energy company, plans to raise 2 billion yuan ($300 million) in a green bond issu...

Hanwha seeks to acquire Overair; invest in satellite, drone companies

Hanwha Systems Co., the defense and information technology service unit of Hanwha Group, is seeking to purchase the entire stake of US air taxi star...

Daewoo E&C up for sale; in talks with local PEF over $1.58 bn deal

Daewoo Engineering & Construction Co. is up for sale as its main creditor hopes to cash out of the South Korean builder on the back of its impro...

Hanwha launches group-wide task force to bolster space business

Hanwha Group has created an internal task force headed by the group's heir apparent to strengthen its presence in the fast-growing global space sect...

Hanwha Group leader Kim Seung-youn returns to management

Hanwha Group leader Kim Seung-youn is returning to management seven years after he was banned from business activities following his conviction for ...

Hanwha Solutions to sell $1.3 bn new shares in clean energy push

Hanwha Solutions Corp. plans to raise 1.41 trillion won ($1.3 billion) in a rights offering next month following more than a five-fold jump in its s...

LG, SK, Hanwha accelerate shift to renewable energy with push for RE100

Following in the footsteps of SK Group, which last year declared that it will switch to renewable energy for plant operations, a number of South Kor...

Korean shipbuilders to hike newbuilding prices; Daewoo eyes $1 bn deal

South Korea’s major shipbuilding companies are set to benefit from rising newbuilding prices, brightening the outlook for an improvement in th...

Hanwha Aerospace certified to verify Rolls-Royce aircraft engine parts

Hanwha Aerospace Co., a unit of South Korean conglomerate Hanwha Group, has been certified to conduct the quality checks on aircraft engine parts it...

Total, Hanwha to set up JV for $1.8 bn US solar expansion

French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage ce...

Hanwha to buy controlling stake in Korean satellite maker

Hanwha Aerospace Co., an aircraft engine components maker, will acquire a 30% stake in a South Korean Earth observation satellite maker for 109 bill...

Hyundai-Daewoo shipbuilding merger wins China approval, awaiting EU

China has granted unconditional approval of the world’s largest shipbuilder Hyundai Heavy Industries Group’s acquisition of hometown riv...

Hanwha Solutions acquires US hydrogen tank maker Cimarron, to invest $100 mn

Hanwha Solutions Corp. has acquired a 100% stake in Cimarron Composites LLC, a US hydrogen storage tank manufacturer, as the South Korean energy sol...

Hanwha Systems to invest $30 mn in US communications firm Kymeta

Hanwha Systems Co., the defense industry arm of Hanwha Group, has decided to invest 33.2 billion won ($30 million) in Kymeta Corp., a US satellite c...

Daewoo E&C wins $3.1 bn in orders from Iraq, Mozambique

Daewoo Engineering & Construction Co. has racked up two orders totaling $3.1 billion from Iraq and Mozambique to build a port and an LNG train, ...