First seen: May 2
Last seen: May 6

South Korea's Hanwha builds arms empire as Ukraine, Iran wars spur spending

Name: South Korea's Hanwha builds arms empire as Ukraine, Iran wars spur spending
Brand: SPONSORED | Nikkei Asia
SKU: e820cbabc6a20ea6

SPONSORED | Nikkei Asia@sponsored

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Observed: May 2, 2026Last seen: May 6, 2026Days running: 3

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South Korea's Hanwha builds arms empire as Ukraine, Iran wars spur spending - Nikkei Asia
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U.S. Navy cadets with the Maine Maritime Academy tour the National Security Multi-Mission Vessel (NSMV) State of Maine at the Hanwha Philly Shipyard in Philadelphia, on Aug. 26, 2025. The yard acquired by the South Korean conglomerate in 2024 epitomizes its drive to build ships for the U.S. Navy and expand its global maritime defense presence. © Reuters
Big in Asia
South Korea's Hanwha builds arms empire as Ukraine, Iran wars spur spending
Philly shipyard key to ties with US Navy; Firm ramps up global hardware sales
KIM JAEWON
May 2, 2026 01:00 JST
PHILADELPHIA, Pa. -- Nearly three-quarters of a century after it was founded by 30-year-old gunpowder engineer Kim Chong-hee, the business that began life as Korea Explosives Co. is leading a charge in South Korea's booming defense industry.
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