South Korea FTC approves Hanwha's acquisition of additional KAI stakes

South Korea's Fair Trade Commission approved Hanwha's acquisition of additional stakes in Korea Aerospace Industries (KAI), consolidating Hanwha's control over the country's sole military aircraft manufacturer. The move strengthens Hanwha's position in South Korea's defense industry, potentially impacting future defense procurement and export strategies. Regulatory approval removes a key hurdle, though the exact stake size and strategic implications remain unspecified.