Hanwha Aerospace, the leading defense company in South Korea, disclosed in a regulatory filing on Tuesday that it is adjusting its planned capital increase by reducing it by approximately one-third to 2.3 trillion won ($1.6 billion). The initial announcement made in March had proposed an equity capital increase of 3.6 trillion won to expand production both domestically and internationally to address the rising global demand.

However, the Financial Supervisory Service in South Korea instructed Hanwha Aerospace to amend the plan, stating that the company needed to provide clearer details on how the equity raising aligns with a broader restructuring strategy for the company.

In the filings, Hanwha Aerospace projected revenue of 30 trillion won and operating profit of 3 trillion won for 2025, compared to a revenue of 11.24 trillion won and an operating profit of 1.73 trillion won in 2024.

Hanwha Aerospace announced that it would host a press briefing later that day to elaborate on its investment plans for the mid to long term.

(Note: Exchange rate provided as $1 = 1,469.9500 won)