Hanwha firms up Korea defence ambitions

The Korean conglomerate is set to pay $256 million for the remaining 50% stake in Hanwha Thales, a military equipment joint venture established with France's Thales.

Hanwha Thales supplies communication and surveillance systems to the South Korean Air Force

Danny Leung

July 28, 2016

Hanwha Group is set to further solidify its leading position as South Korea’s defence powerhouse by acquiring the remaining 50% stake in its military equipment joint venture with France’s Thales Group.

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