Hanwha Aerospace announced on the 23rd that Kim Dong-kwan, the CEO of the strategy division, will purchase about 3 billion won worth of Hanwha Aerospace stocks, which corresponds to approximately 4,900 shares based on the closing price on the 21st.

Son Jae-il, the CEO of the business division, and Ahn Byung-cheol, the president of the strategy division, also decided to purchase approximately 900 million won (about 1,450 shares) and 800 million won (about 1,350 shares) respectively, separate from the employee stock purchase due to the capital increase. Their purchase amounts correspond to last year's salaries.

On Nov. 7, Hanwha Aerospace reveals the status of advanced AI and unmanned system development and the technology development roadmap at the '7th DAPA-GO 2.0 Communication Meeting' hosted by the Defense Acquisition Program Administration at the Hanwha Aerospace Daejeon R&D Campus. Hanwha Aerospace plans to secure a full line-up of unmanned vehicles by 2028, including Arionsmet (left) and Grunt (right). /Courtesy of Hanwha Aerospace

Vice Chairman Kim, CEO Son, and President Ahn plan to sequentially purchase from the 24th. Other executives will also autonomously begin purchasing equity.

Hanwha Aerospace stated, "This decision is based on confidence in the company's future growth in the context of the large trend of Europe's autonomous rearmament and the recovery of the U.S. marine defense and shipbuilding industries," adding, "In particular, the stock purchase is a means to practice responsible management and enhance the future value of the company and its shareholders."

Earlier, on the 20th, Hanwha Aerospace announced it would conduct a capital increase of 3.6 trillion won, the largest in the history of the domestic capital market, under the pretext of securing proactive investment funds to aim for a leap into the global defense market's 'top tier.'