Hanwha Plans 55 Trillion Won AI, Space Investments; Shares Rise 3%

Hanwha Corp. (KRX:000880) on Friday said it plans to invest 55 trillion won in integrated space infrastructure and artificial intelligence sectors by 2040. The company will build infrastructure that will comprise launch vehicles, ultra-low-orbit synthetic aperture radar (SAR) satellites, space-based AI data centers, and a low-Earth orbit (LEO) satellite communications network. Hanwha Aerospace (KRX:012450) will invest about 23 trillion won in launch vehicles, while Hanwha Systems (KRX:272210) will spend 20 trillion won on satellites and communications infrastructure. Shares of Hanwha Corp. rose more than 3% in Monday's trade, while those of Hanwha Aerospace fell nearly 4%. Shares of Hanwha Systems added nearly 4%.