Hanwha raises KAI stake to 9.04%, becomes No. 2 shareholder (opens original article in a new tab)

Hanwha Group raised its stake in Korea Aerospace Industries (KAI) to 9.04%, becoming the second-largest shareholder, and plans to increase its ownership further through additional investments.

• Hanwha Group increased its stake in KAI to 9.04% through investments of 6.5% by Hanwha Aerospace and 1.53% by Hanwha Systems
• Hanwha now holds the second-largest stake in KAI after the Export-Import Bank of Korea's 26.41%
• Hanwha plans to increase its KAI ownership to over 12% with an additional 500 billion won investment by year-end