Hanwha Aerospace Launches 30 Billion Won R&D Funding and Intellectual Property Sharing System
Hanwha Aerospace has introduced a 30 billion Korean won Innovation Performance Sharing System to support R&D funding for partners in advanced defense sectors. Announced at a ceremony in Changwon, Gyeongnam, the system covers all R&D costs for partners, including direct expenses and infrastructure needed for advanced R&D and localization of core components.
Successful partners will retain all outcomes from the first year and receive at least 50% of returns thereafter. The initiative allows participation from SMEs and startups in areas like AI and robotics, with plans to share intellectual property rights. Additionally, the co-growth fund will increase from 50 billion to 150 billion Korean won, and Hanwha Aero will implement a reduced advance payment guarantee fee system for export contracts through collaboration with the Defense Industry Mutual Aid Association.
