In addition to developing space vehicles, Hanwha Aerospace is also focused on building an aerospace value chain. As part of that effort, Hanwha acquired shares of Satrec Initiative in 2021, a competitive South Korean satellite company which developed Space Eye–T, a constellation of elite–resolution Earth observation satellites. By utilizing collected satellite data, both Hanwha and Satrec Initiative are working together to find future business development opportunities in adjacent fields. As a key affiliate of Hanwha’s Space Hub, Hanwha Aerospace is actively exploring a variety of future business opportunities that build on the Group’s existing strengths and combine them with the burgeoning space industry.

As South Korea’s only company specializing in aircraft gas turbine engines, Hanwha Aerospace continues to make advancements in the industry. Since starting with D–level gas turbine maintenance in 1979, Hanwha has expanded its business to provide aircraft engines and component solutions for both South Korean and international markets. For almost half a century, Hanwha has produced over 10,000 engines, including engines of key aircraft in the Republic of Korea (ROK) Air Force such as the F–15K and the T–50 advanced jet trainer, as well as the indigenous engines of the ROK Army’s utility helicopter (KUH) Surion.

Through technical partnership with GE, the company is at the helm of developing an integrated engine for the KF–21, a South Korean fighter jet, while localizing its key components. Furthermore, based on our KF–21 engine development experience, Hanwha Aerospace will enhance exclusive development capabilities for advanced aircraft engines that can be applied to KF–21 Block 3–class manned–unmanned fighters in the future. We will also expand the aerospace business value chain, including the development of materials for advanced engines.

Building on our extensive expertise in aircraft engine technology in the field of civil aviation, Hanwha Aerospace has strengthened its competitive stance worldwide, maintaining close partnerships with key global aviation original equipment manufacturers (OEMs) such as GE, Rolls–Royce, and Pratt & Whitney. It continues to expand its global networks by establishing overseas production subsidiaries. In 2016, the company founded a joint venture with Pratt & Whitney in Singapore (PWMS) and joined a revenue sharing program (RSP) to co–design next–generation aircraft engines. In 2017, it built a production plant in Vietnam to improve cost competitiveness and production capacity. We then acquired EDAC Technologies, a U.S. aircraft engine component manufacturer, in 2019. Shortly after, we launched Hanwha Aerospace USA to expand our product portfolio and to advance our precise processing technology.

Hanwha Aerospace is emerging as a global leader in the defense industry with unique and cutting–edge technological competitiveness in land systems and precision guided munitions. Recently, the K9 Thunder, a world–class indigenous self–propelled howitzer, has been successfully tested and evaluated in more than ten countries, including the U.S., demonstrating its unrivalled firepower, maneuverability, and survivability. It was exported to eight countries, including Poland and Norway.

Hanwha is also preparing for fast–changing future battle fields by integrating high–reactive firing technology within the K9 with manned–unmanned combined operations. The company has unrivalled technological expertise in key components of 155–millimeter (mm) artillery shells such as fuses and propelling charges. In 2023, it secured a contract with the U.K.’s BAE Systems to provide NATO–standard modular charge systems (MCSs), showcasing our ability to meet the growing worldwide need for ammunition.

Chunmoo, Hanwha Aerospace’s multi rocket launcher system (MRLS), is the product of the first system development project led by a defense company system in South Korea. Chunmoo’s unmatched capabilities, such as real–time wide precision strikes against key targets led to a significant deal in 2022 with Poland for its procurement. Additionally, in 2023, Hanwha was awarded another contract with Australia for its next–generation infantry fighting vehicle (IFV), Redback, as part of the country’s Land 400 Phase 3 initiative. This contract also demonstrated the company’s competitiveness over contenders in land systems. Furthermore, the ROK Army’s main armored vehicle, the K21, and the advanced armored wheeled vehicle, Tigon, fulfill their missions with excellent mobility and the safe transportation of troops. Hanwha Aerospace is seeking to enter international markets with the Chungum anti–tank guided missile. The missile, which is equipped on a light armored helicopter (LAH), is being adapted for use with ground platforms such as the Redback, armored vehicles, and unmanned search vehicles

Additionally, Hanwha Aerospace is developing MUM–T systems to enhance combat efficiency and reduce casualties on future battlefields. In December 2023, the company’s Autonomous and Robotic Systems for Intelligence Off–road Navigation–Small Multi–purpose Equipment Transport (Arion–SMET), a proprietary multipurpose unmanned ground vehicle (UGV), successfully completed Foreign Comparative Performance Testing (FCT) by the U.S. Marine Corps at the Marine Corps Training Area Bellows (MCTAB) in Hawaii, demonstrating its various autonomous driving functions and transportation capabilities.

For air defense, Hanwha Aerospace is advancing the development of best–in–class systems tailored to counter and shield against a spectrum of aerial threats. These range from the Hybrid Biho for low–altitude air and missile defense to the medium–range surface–to–air missile system M–SAM, also known as Chungoong, which forms a critical component of South Korea’s missile defense strategy. Additionally, the long–range surface–to–air missile system, L–SAM, further fortifies South Korea’s air defense capabilities.

In the future, Hanwha Aerospace will broaden its ESS product range to include hydrogen fuel cell systems for submarines and civilian vessels. This initiative will bolster business competitiveness and establish an eco–friendly maritime value chain to support global decarbonization. The company also supplies reliable and efficient naval ship engines (LM 2500, LM 500) and generators (gas turbines) for the ROK Navy’s key assets, including destroyers and patrol ships. These contributions are essential in reinforcing naval capabilities in maritime battlefields.

Hanwha Aerospace offers total maintenance, repair, and overhaul (MRO) solutions to assist customers in operating products efficiently and effectively, leveraging its manufacturing and R&D capabilities. The MRO business features a well–organized system that spans the entire process — from local depot–level (D–lv) maintenance and performance enhancements, performance–based logistics (PBL) support, to diagnostics and the supply of repair parts — ensuring the highest operability of clients’ equipment. Capitalizing on decades of success and unparalleled expertise in the MRO industry, Hanwha is set to expand its MRO business and become a global provider of total MRO solutions.

Hanwha Aerospace will persist in enhancing the competitiveness of its current businesses while developing future core technologies in advance to secure market leadership and establish itself as a top–notch, innovative company.

By providing advanced defense solutions based on future cutting–edge technologies from land to sea and space, we are solidifying our position as South Korea’s leading defense solution company. Additionally, we are contributing to making life safer and better for our customers and mankind through our world–class solutions that support business leadership and enhance value and functionality of platforms.

We are fully committed to expanding our presence in space and exploring its infinite potential. At 2p.m. on Dec. 4, 2023, we successfully launched the small synthetic aperture radar (SAR) satellite over the southern sea of Jeju Island. Being the first Earth observation satellite developed entirely with a private South Korean company’s technology, its launch marked the beginning of South Korea’s new space era. Hanwha Systems will integrate the images obtained from the observation satellites with AI technology to predict the future in various fields — such as national security, disaster management, and monitoring of land and sea — to provide essential insights for Earth and humanity

SAR satellites gather data in all weather conditions, regardless of the time of day. Only small and agile SAR satellites can revisit the same location every day, enabling the detection of subtle changes in images that were previously impossible. By establishing an end–to–end global integrated solution, encompassing satellite development, manufacturing, and services, we will lead South Korea’s space industry.

Our space internet service deploys hundreds to thousands of communication satellites in low–Earth orbit (LEO) to provide global internet services, as well as establish a hyperspace communication infrastructure that ensures broadband connectivity around the clock for high–speed transportation such as aircraft, ships, trains, and vehicles. By leveraging Eutelsat OneWeb’s satellite network, we will install satellite communication antennas and provide stable space internet services to remote areas where internet access is difficult, as well as at sea and in the air. We aim to enable stable space internet service 24 hours a day in regions with poor infrastructure, such as islands and mountainous regions, and facilitate smooth communication in emergency situations such as natural disasters and geopolitical crises.

Additionally, by utilizing Eutelsat OneWeb’s satellite network, we expect to accelerate establishment of a LEO communication satellite network for military operations and expand the application to span from development to mass production and service supply of terminals for on the move (OTM), transport, and naval vessels. Through a multi–layered, hyper–connected network that integrates satellite and terrestrial networks, we aim to provide seamless communication services not only for the efficient operation of manned and unmanned systems, but also during emergency situations such as wartime and natural disasters.

In aviation technology, we strive to expand our global competitiveness. We are developing key components such as an active electronically scanned array (AESA) radar for fighter jets for the first time in South Korea, while playing our role as a comprehensive company that improves the performance of aircraft and advances unmanned aerial vehicle systems. Especially, we aim to enhance global competitiveness by providing integrated package solutions in the aviation field such as hyper–connectivity technology that controls manned and unmanned teaming systems (MUM–T).

Hanwha Systems is establishing a hyperconnected network ranging from surveillance and reconnaissance equipment in the land, sea, air, space, and cyber battlefields, to precision strike equipment. We aim to offer integrated air defense solutions by establishing an intelligent command and control system that quickly shares information from the battlefield and strengthens land defense.

Our multi–layer air defense solution, connected to space assets and intelligent command and control (C2), is a core weapon system that protects key assets near and far. Hanwha Systems’ multi–function radars (MFR) have various functions such as detection, tracking, electronic warfare, and missile guidance, allowing them to perform multiple single–function radar missions simultaneously. In recognition of its technological prowess, we successfully exported the mid–range surface to air missile multi–function radar (M–SAM MFR) to the United Arab Emirates (UAE) for $1.01 billion in 2022 and signed another multifunctional radar export agreement with Saudi Arabia in 2024.

We also aim to provide multi–layer complex total solutions — using both soft–kill and hard–kill methods in accordance with the operational environment — by expanding our air defense capabilities, including anti–drone systems that can neutralize the enemy’s unmanned aerial vehicles and drone swarms.

In the naval sector, we provide solutions based on cutting–edge technology. We aim to maximize the Navy’s combat power through combat systems, which act as the brain of a naval vessel, and unmanned systems, the key to future maritime battlefields. The Naval Combat Management System (CMS) is a key solution for surface and underwater vessels to defend themselves from enemies and obstacles and achieve their missions. To complete complex missions and expand operational radius, the navy is pursuing construction of new ships, the improvement of existing ships, and the deployment of maritime unmanned systems. To maximize the navy’s combat power, we aim to provide hyper–connected, automated, intelligent, and unmanned maritime system solutions.

In April 2023, we supplied a domestically developed combat system to be installed in six 2,400-ton Philippine offshore patrol vessels (OPVs). This marks our fourth export to the Philippine Navy, supplying CMS to a total of 13 ships. We are also actively participating in the introduction of new naval vessels, a next step in the Philippine Navy’s project aimed at modernizing its vessels. As the only company in South Korea that can provide a combat system with the technological maturity of developed countries for naval vessels for export, we plan to expand our exports to Southeast Asia, the Middle East, and Latin America, with our unrivaled CMS development, mass production, follow–up logistics support capabilities, and K–defense industry competitiveness.

We offer integrated electronics platform systems (IEPS) that serve as the central control system of mobility, firepower, and air defense weapons systems to maximize combat capability on land. We research and develop platforms that enhance each combatant’s mission performance by applying advanced technologies to individual gear as well as to remote control solutions for operating unmanned ground systems. To help the Army maximize combat capabilities, we will offer hyper–connected, automated, intelligent, and unmanned land system solutions.

Our ICT Division is delivering customized solutions to meet specific customer needs in various industries by utilizing core technologies of the Fourth Industrial Revolution. Hanwha Systems is demonstrating differentiated capabilities not only for cloud–based data analysis but also for smart factories, integrated platforms for public infrastructure security and control and financial IT systems, powered by big data, the cloud, ITO/IDC, business–specific solutions and financial solutions. We will lead the digital transformation of the industry by diversifying our business into blockchain and metaverse technologies using our advanced ICT services tailored for different sectors.

By connecting all platforms on land, sea, air, space, and cyberspace using hyper– connected, hyper–intelligent, hyper–convergent, as well as hyper–space technologies, Hanwha Systems is poised to become a global leader in business and platform solutions, committed to enhancing the safety and quality of lives worldwide.

Along with our proprietary optical technology, we are ready to lead global markets with world–class optical design, manufacturing, and image–processing technology, such as superior System on Chip (SoC) chipset technology, intelligent image analysis AI camera technology, and cyber security platform technology. We strive to enhance customer–tailored AI solutions capabilities. We are also focusing on developing new technologies and solutions that can spearhead changes in residential and industrial paradigms while meeting customer needs, such as convergence technology for AIoT platforms and edge device technology for open platforms.

By banking on our years–long core experience and competencies, we maintain the largest share of the South Korean video surveillance market. Our production facilities are in South Korea and Vietnam. With these existing sites as footholds for global sales and marketing, we rank fifth in worldwide market share (excluding China).

Moving forward, we will further expand our global market share by focusing on ten strategic markets. We will continue to build a sustainable, high–profit business structure by advancing differentiated edge AI performance. In addition, we are focused on securing our capabilities as a solutions provider by preparing integrated solutions to industry–specific demands, such as from smart retail, smart factory, and smart city, while we expand our business to cloud platform–based subscription services. Our continuous technology development and product innovation optimized for customer needs will guide us to become the world’s best vision solutions company.

In semiconductor equipment, we develop, manufacture, and supply core equipment for semiconductors — such as memory chips, APs, and CPUs — to global integrated device manufacturers (IDM) and outsourced semiconductor assembly and test (OSAT) customers. We are also mass–producing back–end process equipment like flip chip bonders and die bonders. In early 2024, we took over the front–end process equipment business and introduced PE–CVD and ALD equipment to the market. As a comprehensive semiconductor equipment manufacturer with both front and back–end processing solutions, we are continuously working to proactively develop and mass–produce new equipment for manufacturing high–performance semiconductors, the core of future technology.

In industrial equipment, we are developing and providing Surface Mount Technology (SMT) equipment using our optical and ultra–precision technology. Our medium– speed mounter is No.1 in global market share and recognized globally for its best–in– class technology and performance. We are further strengthening our cooperation with large global companies by expanding sales of high–speed machines. Additionally, we successfully entered the next–generation Mini/Micro LED display market by leveraging our high–productivity SMT equipment technology and high– precision semiconductor back–end processing equipment technology.

We are maximizing customer value through differentiated technologies, including optimal production planning, material management, production line monitoring and remote control, and predictive maintenance. By enhancing software solutions optimized for hardware, we provide the best in productivity, while proactively securing and implementing intelligent equipment, offering highly multifunctional, future–ready manufacturing equipment solutions.

Building on our expertise and improved technology spanning almost half a century, our machine tools business commands a technical market advantage as the first producer of South Korea’s multitasking automated gang and turret–type Swiss lathes. Our machine tools are custom–built to meet customer feature requirements and production lines, allowing us to capture the largest market share in CNC automated lathes in South Korea. We are also entering new markets worldwide by developing equipment for medical and dental component production.

As South Korea’s leading equipment manufacturer, Hanwha Precision Machinery will not only expand its global market share through its relentless spirit of challenge and innovative technology but also steadily grow into a next– generation manufacturing equipment solution company that encompasses the entire manufacturing equipment business.

Hanwha Momentum provides market–proven turnkey solutions ranging from materials, electrodes, and assembly to formation processes and module packs, based on outstanding technological capabilities in the rechargeable battery industry. Based on years of accumulated experience, performance, and future–ready technology development, we are supplying high–quality equipment to companies domestically and overseas, solidifying our position as a leading technology company.

In display manufacturing equipment, through continuous research and development ranging from PDP, LCD, and OLED, we produce and deliver heat treatment equipment such as infrared heating ovens and furnaces, and logistics equipment for displays such as glass cassettes, stockers, and lifters. Our infrared heating ovens for LCD/OLED display manufacturing equipment maintain the world’s No. 1 market share with differentiated technology. Additionally, based on particle control and high–speed, low–vibration design technology specialized for clean manufacturing processes, we plan to expand clean automation total solutions optimized for customer requirements in the semiconductor industry.

We are also prominent in the logistics and renewable energy business sectors. In logistics, we provide automation solutions such as establishing a logistics automation system for the entire tire production process. In renewable energy, we are leading domestic renewable energy plant construction with advanced construction and operational services capabilities.

Hanwha Momentum’s extensive experience, expertise, and technological leadership contribute to creating customer value in a variety of areas beyond the existing machinery and equipment business. Moving forward, we will establish ourselves as a leading company in the mechatronics industry with sustainable technological innovation and differentiated engineering capabilities.

With the introduction of the Hanwha Collaborative Robot (HCR) brand, the company continues to develop advanced cobots, which are designed to work hand in hand with people, meeting customer demand for automation in various sectors including shipbuilding, manufacturing, food, pharmaceuticals, and biotechnology. HCR is known for its excellent quality, durability, precision, efficiency, and cutting–edge technology. It has also achieved ISO Class 2 cleanroom certification, which validates it for the manufacturing of automated robots that operate in highly controlled, sterile environments such as those in the semiconductor, pharmaceuticals, food, and biotech sectors.

The company also offers solutions to automate logistics and transportation through its AGV and autonomous mobile robots (AMR) business. Its AGV and fully autonomous AMR solutions allow for safe transportation, loading, and unloading of shipments. These solutions aim to improve operational efficiency, precision, and productivity by providing turnkey solutions tailored to customer needs from design to customer service. The company designs and manufactures AGVs optimized for customer worksites, using its diverse and highly reliable location recognition technologies. Hanwha Robotics also prioritizes customer safety, using parts that are certified by Europe’s Conformité Européenne (CE) and UL Solutions in the U.S., all the while adopting a safety controller system that provide emergency shutdown, obstacle recognition, and speed control functions. The company also offers AGV+COBOT solutions, combining AGV and cobot technology.

To ensure sustainable growth and secure global competitiveness, Hanwha Robotics is taking a multidimensional approach by strengthening its product line and expanding its business in the promising field of food tech automation, while unearthing new opportunities for growth. In addition, Hanwha Robotics will expand its presence overseas and strengthen strategic partnerships across the globe. On the technology front, the company will continue to advance its autonomous driving, AI, and sensor technologies to continue to drive change in the industry and bolster its competitiveness in robotics technology. Through such efforts, Hanwha Robotics aspires to establish itself as a leading voice in the industry with its diverse products and business offerings, its global approach, and technological innovation.