On December 30, 2020, Hanwha Corporation (Hanwha) completed the sale of its shares in Korea Defense Industry Corp.
(KDI), a company newly established by the spin-off of Hanwha’s cluster munitions business.
Hanwha has decided to halt its cluster munitions business on humanitarian grounds, and thus spun off and sold the business.
Hanwha will neither conduct the business nor hold any shares in KDI in the future.
As a company that specializes in precision-guided munitions based on cutting-edge technologies, Hanwha will continue to contribute to the national security
and self-reliant national defense of the Republic of Korea. At the same time, Hanwha will also continue to practice sustainable management
while complying with the international community’s ethical standards as a global company.
Established as the first Hanwha entity under the founding philosophy of
"contributing to the nation and society," Hanwha Corporation has realigned
its business operations to focus on explosives, defense, trading, and machinery,
striving to become a world-leading global company that promotes
the development of humanity and advances human values.
With our outstanding technological expertise and optimized
business structure, we are committed to growing into a global leader
in the industrial explosives sector by developing overseas markets,
new businesses, and applications business opportunities.
Hanwha Defense is reborn as a leader of integrated
defense systems securing our safety with its latest weapon
systems built upon our know-hows and technical skills over
past 40 years as we always have been.