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Model military vehicles are displayed at a booth for Hanwha Aerospace during the 2023 Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea, October 16, 2023. Josh Smith/
Model military vehicles are displayed at a booth for Hanwha Aerospace during the 2023 Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea, October 16, 2023. Josh Smith/
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South Korea's Hanwha Aerospace revises capital increase plan

May 21st, 2025 | 07:25 AM MARKETS Emerging Markets 1

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By Reuters

South Korea's largest defence firm Hanwha Aerospace (012450.KS) said in a regulatory filing on Wednesday it is revising a previously announced capital increase plan.

The new plan is worth 2.9 trillion won ($2.09 billion), up from its previous plan of 2.3 trillion won, according to the filing.

A Hanwha Aerospace spokesperson said the change reflected a rise in the share price.

Hanwha Aerospace shares traded up 3.7% at 845,000 won in after-hours trading on Wednesday, after closing the session up 4.3%.

In April, the company said it would cut the size of a planned fundraising by a third to 2.3 trillion won to ensure the success of the financing, and after investor and regulatory pushback.

($1 = 1,386.5100 won)

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