South Korean conglomerate Hanwha Group has offered up to $1.2 billion to acquire the US arm of Australian shipbuilding company Austal, aiming to expand its shipbuilding and defense presence in the United States.

Hanwha Corp., the holding company of Korea’s seventh-largest conglomerate Hanwha Group, received shareholder approval for a corporate split to separate its core defense, shipbuilding, energy, and financial businesses from its machinery and lifestyle divisions.

Hanwha Group affiliates have increased their stake in Korea Aerospace Industries (KAI) to 9.04 percent, making them the second-largest shareholder after the state-run Export-Import Bank of Korea, further solidifying Hanwha’s aerospace ambitions.

South Korea's Hanwha Group is reportedly offering rockets as part of its bid to secure a submarine deal with Canada.

Hanwha Group has secured preliminary listing approval from the Korea Exchange for a new holding company, tentatively named Hanwha, which is set to debut on Kospi in August as part of a governance overhaul.

South Korea's Hanwha Group has signed a Memorandum of Understanding with Canada's Alberta province. The agreement aims to expand cooperation in the energy and defense sectors.

Hanwha Group has acquired a 4.99 percent stake in Korea Aerospace Industries, Korea’s sole aircraft original equipment manufacturer, strengthening cooperation with the aerospace firm despite ongoing competition. According to a filing with the Financial Supervisory Service on Monday, Hanwha Aerospace and its subsidiaries acquired a combined 4.41 percent stake, while Hanwha Systems purchased an additional 0.58 percent, totaling 4.86 million shares. This is Hanwha’s first investment in KAI since Ha

Hanwha Group officially launched Hanwha Machinery & Services Holdings, a new holding company that will oversee 57 technology and lifestyle affiliates. Kim Dong-seon, the group chairman's youngest son, is set to lead the future strategy of this new entity.

Hanwha Systems Co., the defense arm of Hanwha Group, has launched a 30-ton unmanned surface vessel in Busan to conduct sea trials and evaluate its operational capabilities.

Hanwha Galleria has extended exclusive negotiations with H&Q Equity Partners regarding the sale of its stake in Five Guys Korea. The retail arm of Hanwha Group renewed a memorandum of understanding to continue discussions on the potential deal.

South Korea's Hanwha Group has submitted an updated proposal for Canada's multi-billion-dollar submarine program, aiming to enhance Canada's defense industrial base.

Kim Dong-won, president and son of Hanwha Group's chairman, is solidifying his position within the conglomerate's succession story by focusing on the finance sector. His role is becoming distinct from his brothers, who are involved in the group's industrial core.

Hanwha Group announced that its technology and lifestyle divisions are integrating joint technologies to enhance competitiveness under a newly formed holding company, following a board decision.

Hanwha Group has promoted all three sons of Chairman Kim Seung-youn, including Kim Dong-kwan to executive vice chairman, solidifying the conglomerate's third-generation leadership structure.

Major Korean conglomerates, including Hanwha Group and Hyundai, announced a combined 312 trillion won ($204 billion) investment plan for the Yeongnam region in southeastern Korea to build regional bases for AI-powered industries.

The Centre Pompidou Hanwha has opened its doors in Seoul, facing controversy and criticism from civic and arts groups alleging 'art-washing' against Hanwha Group's partnership with the Paris-based Centre Pompidou.

Hanwha Group is accelerating its push into the global space industry, expanding capabilities across satellite manufacturing, launch, ground operations and data services, as it seeks to position…

Hanwha Group is expanding business ties with Alberta, Canada, across energy, defense, and shipbuilding sectors, as it pursues Canada's next-generation submarine contract.

Hanwha Defense USA and Hanwha Philly Shipyard have secured their first US Navy project as a subcontractor to Vard Marine US, focusing on the Next Generation Logistics Ship Program to develop smaller, more agile vessels for refueling, rearming, and resupply, marking a significant entry into the American defense market.

Ever since Kim Dong-kwan formally debuted at Hanwha Group in 2010, his every move has been under watchful eyes. Industry analysts have long questioned whether the young heir is merely another silver-spoon scion or a leader capable of steering the 70-year-old defense-to-energy giant into its next chapter. Kim, the eldest son of Hanwha Group Chair Kim Seung-youn, spent the past 16 years beating back industry-wide cynicism through performance. Since stepping into a managerial role at Hanwha at age