Hanwha Aerospace Expands Mutual Growth Fund to KRW 150 Billion for K-Defense Industry Partners
Hanwha Aerospace has expanded its 'Mutual Growth Fund' from KRW 50 billion to KRW 150 billion to support small and medium-sized enterprises in the K-defense industry amid rising interest rates and material costs. The fund will facilitate facility investments and operational stability, while the new 'Innovation Benefit Sharing System' will enable partner companies to pursue advanced R&D and domestic production of core components with Hanwha's financial backing, aiming to bolster technological independence and global competitiveness in the sector.
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Hanwha Aerospace has announced a significant expansion of its 'Mutual Growth Fund' from KRW 50 billion to KRW 150 billion during a declaration ceremony at its Changwon Plant on December 3. This initiative aims to support small and medium-sized enterprises (SMEs) in the K-defense industry facing challenges from high interest rates and rising raw material costs.
The fund will provide essential resources for facility investments and operational stability. Additionally, the newly introduced 'Innovation Benefit Sharing System' will allow partner companies to engage in advanced R&D and domestic production of core components with full financial support from Hanwha Aerospace. This strategy is intended to enhance technological independence and strengthen the global competitiveness of the Korean defense sector.
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