KRX:272210

Hanwha Aerospace, Hanwha Systems CEO Resigns

Son Jae-il resigned as co-CEO of Hanwha Aerospace (KRX:012450) and as CEO of Hanwha Systems (KRX:272210), according to separate Friday disclosures to South Korea's Financial Supervisory Service.Lee Boo-hwan will succeed Son at Hanwha Aerospace, while Kim Dong-kwan will stay on as co-CEO.Yang Gi-won will succeed Son at Hanwha Systems.

Hanwha Systems Subsidiary to Offload Stake in Loss-Making Associate

Hanwha Systems (KRX:272210) subsidiary HS USA Holdings will offload its stake in Hanwha Philly Shipyard for $237.6 million, according to a Friday regulatory filing to South Korea's Financial Supervisory Service.Hanwha Defense USA Shipbuilding will purchase the 1,368 shares in the loss-making associate.

Hanwha Systems to Develop Space-Based Surveillance Satellite for National K-SSA System

Hanwha Systems (KRX:272210) signed a contract with the Korea Astronomy and Space Science Institute (KASI) to develop a space-based space surveillance satellite and a ground-linked space situational awareness system.This is the company's full-scale participation as a private system developer for the National Space Situational Awareness System (K-SSA), according to a statement on Friday.Under the contract, Hanwha Systems will build the surveillance satellite, establish the ground-linked awareness system, integrate subsystems, and conduct testing and verification.The microsatellite will orbit at roughly 480 km, carrying an optical camera to detect and track space objects in real time and gather data for collision risk analysis.The effort addresses rising collision risks from the surge in low-orbit satellites, aiming to protect national space assets and ground safety.

Hanwha Systems Secures Other Supply Contract with Hyundai-Rotem

Hanwha Systems (KRX:272210) secured "other sales or supply contracts" with Hyundai-Rotem, according to a Friday filing with the Korea Exchange.The contract covers sales or supply in the Republic of Korea and runs from Sept. 11, 2026, to Sept. 30, 2029, and payments will be based on terms stipulated by the primary contractor.

Nomura Upgrades Hanwha Systems to Neutral From Reduce, Adjusts Price Target to KRW61,000 From KRW65,000

Hanwha Systems (KRX:272210) has an average rating of overweight and mean price target of 116,181.82 won, according to analysts polled by FactSet.

Hanwha Systems' Q2 Profit Climbs 66% as Sales Increase 45%; Shares Down 3%

Hanwha Systems (KRX:272210) posted a 66% year-over-year increase in net income attributable to shareholders of the parent to 67.08 billion won for the second quarter ended June 30 from 40.52 billion won.Sales jumped 45% to 1.118 trillion won from 768.19 billion won, according to a Tuesday filing with the Korea Exchange.Shares of the defense and information and communications technology solutions provider were down nearly 3% in afternoon trading.

Hanwha Plans 55 Trillion Won AI, Space Investments; Shares Rise 3%

Hanwha Corp. (KRX:000880) on Friday said it plans to invest 55 trillion won in integrated space infrastructure and artificial intelligence sectors by 2040.The company will build infrastructure that will comprise launch vehicles, ultra-low-orbit synthetic aperture radar (SAR) satellites, space-based AI data centers, and a low-Earth orbit (LEO) satellite communications network.Hanwha Aerospace (KRX:012450) will invest about 23 trillion won in launch vehicles, while Hanwha Systems (KRX:272210) will spend 20 trillion won on satellites and communications infrastructure.Shares of Hanwha Corp. rose more than 3% in Monday's trade, while those of Hanwha Aerospace fell nearly 4%. Shares of Hanwha Systems added nearly 4%.

Hanwha Corp. to Sell KRW287.9 Billion Real Estate to Affiliate

Hanwha Corp. (KRX:000880) will sell real estate to its affiliate, Hanwha Systems (KRX:272210), for 287.9 billion won, according to a Wednesday Korean bourse filing.The disposal involves land and buildings at the Hanwha Future Technology Research Institute.The company is proposing the disposal to improve asset efficiency through the selling off of non-operating assets.

Hanwha Systems Confirms KRW22.1 Billion Worth of Transactions with Hanwha Corp.

Hanwha Systems (KRX:272210) secured transactions worth 22.1 billion won with Hanwha Corp. (KRX:000880) during the third quarter of the year, according to a Wednesday filing with the Korean Exchange.The transactions included sales of 16.3 billion won and purchases of 5.82 billion won.

Nomura Adjusts Hanwha Systems' Price Target to KRW65,000 from KRW48,000, Keeps at Reduce

Hanwha Systems Swings to Loss in Q1

South Korean shipbuilder Hanwha Systems (KRX:272210) posted first-quarter net loss attributable to shareholders of 55 billion won, swinging from an attributable net income of 27.9 billion won a year earlier, according to a Monday filing with the Korea Exchange.Sales were up 17% year over year to 807.1 billion won from 690.1 billion won.Shares of Hanwha Systems fell over 3% at market close.