By Diplomacy Journal Lee Jon Young | Hanwha Corporation is implementing a spin-off into two entities: one corporation comprising the existing defense, shipbuilding, energy, and finance operations and a new entity encompassing Hanwha’s tech and lifestyle businesses. The strategy aims to simultaneously enhance corporate value and shareholder value by establishing strategic planning tailored to each business group's characteristics and building a rapid decision-making system. Hanwha Corporation announced on January 14 that its board of directors has approved the spin-off. The process is scheduled
By Diplomacy Journal Lee Kap-soo Hanwha Aerospace and WB Group signed a landmark agreement in Poland on September 2 to establish a Polish – Korean joint venture that will localize production of CGR-080 (approximately 80 km) guided missiles for the HOMAR-K multiple launch rocket system used by the Polish Armed Forces. The JV will implement a phased technology transfer program, supported by a certified quality management system and structured workforce training. Initial serial production is expected to ramp up progressively and reach an advanced stage before the end of 2028. The factory is plann