South Korea’s Fair Trade Commission Approves Hanwha’s Stake Acquisition in KAI
The Korean Fair Trade Commission has granted regulatory approval for Hanwha Aerospace to acquire an additional 15.9 percent stake in Korea Aerospace Industries. The clearance paves the way for deeper corporate integration between the defense contractor and the nation’s primary aircraft manufacturer.
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FTC clears Hanwha’s 15.9% stake in KAI
South Korea’s antitrust regulator has approved Hanwha Group’s acquisition of a 15.89 percent stake in Korea Aerospace Industries, clearing a key regulatory hurdle in the conglomerate’s push to build a defense business spanning land, sea, air and space. The Fair Trade Commission said Monday that it had approved the share purchases by Hanwha Aerospace, Hanwha Systems and Hanwha Ocean. The review focused on whether the minority stake would give Hanwha effective control over KAI. Under the Fair Trad
By The Korea Herald
Read full article →Fair trade watchdog approves Hanwha's acquisition of additional KAI stakes
SEJONG, Aug. 31 (Yonhap) -- South Korea's fair trade watchdog on Monday approved...
By Kang Yoon-seung
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