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South Korea's FTC clears Hanwha Group's acquisition of a 15.89% stake in Korea Aerospace Industries (KAI)
The Fair Trade Commission (FTC) approved the share purchases by Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean on Monday. This move removes a key regulatory hurdle for Hanwha Group's push to build a defense business spanning land, sea, air, and space. The review focused on whether the minority stake would give Hanwha effective control over KAI.
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