Hanwha Aerospace’s multipurpose unmanned vehicle performs enemy detection and fire support tasks at the forefront of infantry units, and it is an unmanned equipment capable of carrying out patient and cargo transportation missions. This weapons systems enhance combat efficiency and minimize troop losses in MUM-T (Manned-Unmanned Teaming) situations. /Courtesy of Hanwha Aerospace

The Financial Supervisory Service has made Hanwha Aerospace a key review target for its capital increase, following Samsung SDI.

On the 20th, the FSS noted, "Considering the large scale of this capital increase by Hanwha Aerospace, which is the first since 1999, we plan to carry out a focused review as a key review target." It added, "We will closely examine the completeness of the important information necessary for investment decisions."

On this day, Hanwha Aerospace announced a plan for a capital increase of 3.6 trillion won. Of this, 2.4 trillion won will be used for the acquisition of securities from other companies, and the remaining 1.2 trillion won will be used for capital expenditures. Hanwha Aerospace plans to allocate shares first to existing shareholders, with any unsubscribed shares to be offered publicly.

The planned issuance price is 605,000 won, and the record date for the new share allocation is the 24th of next month. If all goes according to plan, the new shares will be listed on June 24.

As of now, the FSS views Hanwha Aerospace's capital increase positively. The FSS stated, "In the context of increasing external uncertainties, such as the strengthening of protectionist trends, we can positively assess the push for a capital increase to secure necessary funds for establishing a leading position in the K-defense industry."

Since last month, the FSS has been operating a focused review system for capital increases. This system conducts concentrated reviews within a week, primarily on key items, and Samsung SDI, which announced a capital increase of 2 trillion won on the 14th of this month, was selected as the first case. The selection criteria for focused review capital increases are ▲capital increase ratio ▲discount rate ▲new business investments ▲management disputes ▲marginal companies ▲excessive IPO performance estimates ▲due diligence. Key review items include the necessity of the capital increase, the decision-making process, capital increase ratio, discount rate, and so on.

The FSS stated, "We plan to invest our maximum review capacity for short-term concentrated reviews and face-to-face consultations so that companies can secure funds quickly according to their planned schedule."