Hanwha Group Vice Chairman Kim Dong-kwan announced a 55 trillion won ($35.6 billion) investment strategy. The company aims to become an AI space superpower by 2040. This initiative focuses on the aerospace and artificial intelligence sectors.
Hanwha Aerospace will receive 23 trillion won to develop independent space-launch vehicles. Hanwha Systems will use 20 trillion won to build a 64-satellite ultra-low-orbit constellation. This infrastructure includes an orbital space AI data center. An additional 10 trillion won will fund a dedicated defense AI data center.
The vertically integrated strategy targets major shares of the future space and defense markets. This expansion impacts aerospace and defense ETFs including ARKX and XAR.