Hanwha Aerospace raises stake in KAI above 5% in strategic tie-up

Hanwha Aerospace said Monday it has increased its stake in Korea Aerospace Industries to above five percent, signaling deeper strategic cooperation in global exports and defense projects. The company acquired an additional 100,000 shares, or 0.1 percent, of KAI, raising its stake to 5.09 percent. In March, Hanwha Aerospace said it had secured a 4.99 percent stake in KAI — together with its affiliates, including Hanwha Systems — marking its first such investment in seven years. The group previous

By The Korea Herald