[News Space=Reporter seungwon lee] "There is a saying that the head of Hanwha Aerospace's domestic business division is Kim Jong-un and the executive in charge of overseas business is Putin," and "It is said jokingly, but (Hanwha Aerospace) is seeing the full effect of the two people."

Ahn Byung-chul, the President of Strategy at Hanwha Aerospace, is being criticized for saying this while announcing a plan to reduce the size of the paid-in capital increase at the 'Hanwha Aerospace Future Vision Briefing' held at the Hanwha Building in Jung-gu, Seoul on the 8th.

Hanwha Aerospace is accelerating its advance into Europe by winning a project worth 25 trillion won (including a third contract) to export K9 self-propelled howitzers to Poland and exporting guided missiles and ammunition to Europe.

In other words, the controversy over inciting war was raised in the sense that Hanwha Aerospace was benefiting from the instability in the international situation and the war atmosphere created by these two people (Kim Jong-un and Putin).

Regarding the initially announced capital increase of 3.6 trillion won, he said, "No matter how right it is in terms of management, we decided that it is not desirable to push ahead without the support of shareholders, civic groups, politicians, and government authorities." He added, "In the end, we realized that it was not welcomed, and we decided to shift toward protecting the value of minority shareholders."

Hanwha Aerospace announced today that it will reduce the size of its paid-in capital increase from KRW 3.6 trillion to KRW 2.3 trillion. The remaining KRW 1.3 trillion is being considered for a third-party allocation method involving affiliates such as Hanwha Energy, in which the CEO's family holds a 100% stake.

Chairman Ahn said, "The third-party allocation is a structure to return the 1.3 trillion won received from energy affiliates," and "The management and directors are discussing the goal of a third-party allocation paid-in capital increase with a 0% discount rate and a 1-year lock-up condition, and we will proceed with the plan so that a resolution can be made around the 20th or 21st after the first issuance price is determined."

Last February, Hanwha Aerospace purchased a 7.3% stake in Hanwha Ocean, previously held by Hanwha Impact (5.0%) and Hanwha Energy (2.3%), for approximately KRW 1.3 trillion. The company explained that it was an effort to concentrate the Hanwha Ocean stake, which was dispersed at the time, into Hanwha Aerospace.

Regarding this decision, CEO Ahn emphasized, "I understand that Chairman Kim Seung-yeon made the decision himself."

Hanwha Aerospace plans to invest a total of more than 11 trillion won in the shipbuilding, defense, and energy sectors over the next four years. The shipbuilding and marine sector plans to expand its profit base in the U.S. and European markets through synergy with Hanwha Ocean, overseas shipyards, and marine plant companies.

President Ahn said, "We will achieve sales of 30 trillion won and operating profit of 3 trillion won based on consolidated figures this year," and "Our goal is to achieve sales of 70 trillion won and operating profit of 10 trillion won by 2035."