Hanwha Systems is a global company based in South Korea providing defense electronics and smart ICT solutions. Based on its core digital software capabilities encompassing both defense and ICT business areas, Hanwha Systems is uniquely positioned to create synergies between defense and commercial industries. For the past 4 decades since its incorporation in 1978, Hanwha Systems has established an unrivalled position in Korea's defense industry by successfully performing various system development programs such as MFR(Multi-Function Radar, CMS(Combat Management System), TICN(Tactical Information Communication Network), etc., based on its top notch R&D capabilities and engineering resources. In addition, Hanwha Systems is strengthening the digital innovation competitiveness by fully leveraging its cutting-edgy IT services based on A.I. and blockchain technologies, while continuously exploring and building the future grown engines such as air taxi, satellite communication antenna, etc. In particular, Hanwha Systems became the first Korean company that advanced into air taxi business, which is called one of the most promising next generation transportation means, when it decided to invest in Overair, a US startup with PAV(Personal Air Vehicle) technology. Hanwha Systems and Overair are collaborating to develop Butterfly, a VTOL(Vertical Take-Off and Landing) type air taxi of which the features include high energy efficiency, low noise level and environment-friendliness. Another strategic move of Hanwha Systems was the recent acquisition of Phasor Solutions, Ltd., a UK venture specialized in satellite communication antenna technology. The purpose of this acquisition was to secure the proprietary technology for low earth orbit satellite communication antenna, which will provide the key component for satellite internet connectivity.
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Columns5| Company | Markets | New markets | Momentum | Activity | Expansion score |
|---|---|---|---|---|---|
 Hanwha SystemsYou | 1 | 1 | +100% | 1 | 10 |
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View postingGyeonggi, South Korea · 3d ago
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Hanwha Systems announced executive appointments, promoting 4 individuals to strengthen global competitiveness and expand business operations.
Hanwha Systems inaugurated the Jeju Space Center, Korea's largest private satellite manufacturing facility. It will produce up to 100 satellites annually from next year.
Hanwha Systems opens Jeju Space Center with 100% private capital, aiming for ESG innovation through space industry development and regional economic growth.
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