Hanwha vs. Hyundai Motor Group, different restructuring approaches
Same period, opposite defense restructuring strategies
External expansion type
Hanwha Group is leading with Hanwha Aerospace and Hanwha Systems to 15.89% stake in KAI and is even considering Poongsan, a specialized ammunition company, as an acquisition candidate. The goal is to consolidate land, maritime, aerospace, and ammunition under one group.
Internal consolidation type
Hyundai Motor Group is reviewing a plan to transfer Hyundai Wia's artillery and drivetrain defense business unit to Hyundai Rotem. It is a method of consolidating existing defense assets into one place without external acquisitions.