South Korea's Hanwha builds arms empire as Ukraine, Iran wars spur spending
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Source: Nikkei Asia
Published: 2026-05-02 02:00 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Defence, Middle East, Asia, Military & Defence, South Korea, Iran, Ukraine/Russia, Tax & Budget, World News, War & Conflict, Asia Pacific
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Snippet:
U.S. Navy cadets with the Maine Maritime Academy tour the National Security Multi-Mission Vessel (NSMV) State of Maine at the Hanwha Philly Shipyard in Philadelphia, on Aug. 26, 2025. The yard acquired by the South Korean conglomerate in 2024 epitomizes its drive to build ships for the U.S. Navy and expand its global maritime defense presence.
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