Hanwha Aerospace eyes Poongsan ammunition arm

Hanwha Aerospace is seeking to buy the ammunition division of Poongsan, in a move that would give the country’s largest defense company control over everything from artillery systems to the shells they fire. The company said Monday it is reviewing “various business opportunities, including Poongsan’s ammunition division to strengthen its defense competitiveness and boost corporate value,” in a regulatory filing. It added that no decision has been finalized. The response came after the Korea Econ

By The Korea Herald