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Hanwha Ocean and HD Hyundai Heavy Industries submit first-ever joint bid for Canada's submarine program, CPSP

In an interview with Reuters, Hanwha executive provides a glimpse into how it intends to seek a larger role in the US naval shipbuilding market

ADD and Hanwha to Develop "Korean Iron Dome" MFR

As part of its US naval market entry strategy, Hanwha may be interested in snapping up US shipyards beyond Philly Shipyards and Austal USA

The combined overall headcount at South Korea’s three largest defense contractors — Hanwha Aerospace, LIG Nex1, and Hyundai Rotem — grew by 9.7% (1,599) between 2024-2025, and now totals 16,630.

MNC Solutions, a local parts supplier, reported during its Q1 2025 earnings that its operating profit increased 413.2% YoY, having gone from KRW 1.9 billion (USD 1.3 million) in Q1 2024 to KRW 9.5 billion (USD 6.7 million).

Hanwha Aerospace is looking to export a lower-price alternative to the K-9 self-propelled howitzer, the K105.

S. Korea Ramps Up Defense Exports Push to Europe

Hanwha Ocean and HD Hyundai Heavy Industries form strategic partnership to secure major international naval contracts and enhance South Korean defense industry's global standing

Years of Russian technology transfers are paying major dividends for South Korea, as resulting products are fueling some of the country's largest defense export deals

Based on Jeju Island, the new fleet consolidates the Republic of Korea Navy's major surface combatants and brings them closer to where they're needed most