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[Alpha Biz=(Chicago) Reporter Paul Lee] Hanwha Group will invest 1.3 trillion won in Hanwha Future Proof, a North American subsidiary. Through this, it is expected to accelerate business such as space technology, liquefied natural gas (LNG), and solar power.
Hanwha Solution and Hanwha Aerospace announced on the 24th that they will participate in Hanwha Future Proof, a US strategic asset investment and equity acquisition affiliate. The capital increase is KRW 655.7 billion each for both companies, totaling KRW 1.3114 trillion. Hanwha Future Proof plans to use the investment secured through capital increase to invest in outstanding assets and companies in the United States.
Hanwha Future Proof is a North American investment affiliate established in March. Hanwha stated the purpose of establishing Hanwha Future Proof as a global eco-friendly business.
The investment industry predicts that Hanwha will invest in space and eco-friendly energy-related businesses in North America. "One of the key roles of Hanwha Group's North American corporation is to discover and invest in various business areas and new technologies regardless of the stage," an official said. "Hanwha's investment targets in North America are diverse, including aerospace, defense, advanced manufacturing, artificial intelligence, and eco-friendly."
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
