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KRX:012450

11 stories mentioning KRX:012450

Every FINWIRES story that references KRX:012450, newest first.

Asia

Hanwha Engine Dismisses Media Reports of Aftermarket Business Spinoff

South Korean marine engine producer Hanwha Engine (KRX:082740) dismissed media reports that it was considering spinning off its Aftermarket business and acquiring business units from affiliate companies Hanwha Ocean (KRX:042660) and Hanwha Aerospace (KRX:012450).The report published by E-Today that Hanwha Engine planned to spin off its Aftermarket division and acquire the equipment business of Hanwha Ocean and the propulsion-related defense business of Hanwha Aerospace was groundless, Hanwha Engine said in a Wednesday filing with the Korea Exchange.Shares of Hanwha Engine rose over 2% in recent trade, while those of Hanwha Ocean added more than 6%.

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Asia

SEC Wins KRW4.2 Billion Equipment Supply Order from Hanwha Aerospace

South Korean tech and inspection company SEC (KOSDAQ:081180) won an order from Hanwha Aerospace (KRX:012450) to supply the latter with non-destructive testing equipment, according to a Tuesday filing with the Korea Exchange.The contract, worth 4.2 billion won, is valid till Dec. 31, 2027.Shares of Hanwha Aerospace rose nearly 1% in recent trade.

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Asia

Market Chatter: Hanwha Aerospace CEO Barred From Overseas Travel in Blast Probe

Hanwha Aerospace (KRX:012450) chief executive Son Jae-il has been barred from traveling abroad amid an investigation into the explosion at the defense firm's plant last week, Reuters reported Monday, citing Yonhap News.The explosion and fire left five workers dead and two injured.Meanwhile, the Daejeon Regional Employment and Labor Office booked the chief executive over suspected violations of South Korea's Serious Accidents Punishment Act, ChosunBiz reported.Hanwha Aerospace previously suspended production at nine facilities on June 4 and June 5 to conduct safety inspections and employee training following the incident, according to Reuters.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Hanwha Aerospace Suspends Production at Nine Sites Following Deadly Fire

Hanwha Aerospace (KRX:012450) will suspend production at nine facilities in South Korea on June 4 and June 5 to conduct safety inspections and employee training, Reuters reported Thursday.The temporary shutdown will apply to all production lines except certain critical manufacturing processes, according to the report.The move comes after an explosion and fire at the company's Daejeon plant earlier this week left five workers dead and two injured.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Hanwha Aerospace Reports Fatal Fire at Daejeon Plant, Killing Five and Injuring Two

Hanwha Aerospace (KRX:012450) reported a serious industrial accident at its Daejeon facility on June 1, when a fire of unknown cause broke out during a cleaning operation, resulting in five fatalities and two injuries.The company notified the Ministry of Employment and Labor on the same day, and authorities have since issued a partial work stoppage order for the affected area, according to a Korean bourse filing on Tuesday.Police and labor officials are investigating the incident, as the exact cause remains unclear, while Hanwha plans to conduct special safety training across all sites and establish preventive measures.In a separate disclosure, the company said the production suspension affects approximately 1.32 trillion won in annual sales based on 2025 figures, representing 4.94% of the company's consolidated revenue of 26.70 trillion won for the latest fiscal year.Hanwha Aerospace has yet to set a resumption date for production, but plans to conduct site-wide special safety training and establish preventive measures before restarting operations.Meanwhile, Hanwha Aerospace said it is prioritizing treatment and support for the injured while working to prevent any recurrence of such an accident.

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Asia

Market Chatter: Explosion at Hanwha Aerospace's Daejeon Factory Kills Five

Five people were killed, and another was injured in an explosion at Hanwha Aerospace's (KRX:012450) factory in Daejeon on Monday, The Korea Times said in a same-day report.The blast occurred around 10:59 am, triggering a fire that emergency crews worked to put out. Authorities are yet to confirm the exact number of casualties, the report said.Shares of Hanwha Aerospace fell nearly 3% at market close.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Market Chatter: Hanwha Aerospace Eyes Canada Space, Submarine Contracts; Shares Decline 3%

Hanwha Aerospace (KRX:012450) is seeking to sign a memorandum of understanding with Canadian spaceport operator Maritime Launch Services to support Canada's domestic rocket launch plans via a commercial spaceport in Nova Scotia, Bloomberg News reported Thursday.Canada, at present, does not have an operational launchpad and launch-vehicle operator, making Canadian satellite firms rely on foreign firms such as SpaceX. Prime Minister Mark Carney's government is seeking to change that by securing a site in Nova Scotia for a commercial spaceport, the report said.In addition, Hanwha Aerospace's parent company Hanwha Corporation (KRX:000880) is competing with Thyssenkrupp Marine Systems for a Canadian submarine contract worth around CA$25 billion, with long-term support and maintenance probably pushing the overall value in the range of CA$100 billion to CA$120 billion, it said.Shares of Hanwha Aerospace fell over 3% in recent trade, while those of Hanwha declined more than 8%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Hanwha Aerospace's Net Attributable Income Jumps 338% in Q1

Hanwha Aerospace (KRX:012450) posted first-quarter net income attributable to shareholders of 260.4 billion won, up 338% from 59.5 billion won a year earlier, according to a Thursday filing with the Korea Exchange.The South Korean aerospace firm's sales rose 4.9% year over year to 5.751 trillion won from 5.484 trillion won.

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Asia

MNC Solution Wins KRW26.5 Billion Contract from Hanwha Aerospace

MNC Solution (KRX:484870) secured a contract to revise and take on a new share of work for supplying F100 engine kit components for Egypt from Hanwha Aerospace (KRX:012450), the South Korean industrial company said in a Thursday filing with the Korea Exchange.The contract, valued at 26.5 billion won, is valid till Aug. 28.Shares of MNC Solution fell nearly 4% in recent trade.

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Asia

Hanwha Aerospace Abandons Plan to Take Over Poongsan's Ammunition Business

Hanwha Aerospace (KRX:012450) suspended the review of acquiring the defense unit of Poongsan (KRX:103140), according to a Thursday filing with the Korea Exchange.Shares of Hanwha Aerospace rose nearly 4% at market close while those of Poongsan declined over 3%.The South Korean defense company did not specify the reason for the decision.

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Asia

Hanwha Aerospace Wins KRW948.2 Billion Follow-On K9 Howitzer Contract from Finland's Defence Ministry

Hanwha Aerospace (KRX:012450) secured a follow-up contract worth 546 million euros, or 948.2 billion won, from the Finnish Ministry of Defence to supply K9 Self-Propelled Howitzers (SPH), the defense products manufacturer said in a Friday release.Finland first ordered 48 K9 units in 2017 and has since then placed several orders for the same. With the latest deal, Finland became the third NATO member, after Türkiye and Poland, to operate more than 200 units of K9, it said.The contract comprises 112 K9 systems and spare parts, with deliveries to the Finnish Army scheduled to commence from 2028, the release said.Shares of Hanwha Aerospace rose nearly 4% at market close.

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