South Korea’s Hanwha Group is reorganising its U.S. investment platform by creating Hanwha Defense & Energy Corp. (HD&E), adjusting ownership of Hanwha Futureproof and allocating about 1.1 trillion won to U.S. defence, shipbuilding and energy projects, according to regulatory filings.
Hanwha Solutions, Hanwha Systems and Hanwha Ocean will capitalise HD&E with roughly 1.14 trillion won, resulting in stakes of 37.5% each for Hanwha Systems and Hanwha Ocean and 25% for Hanwha Solutions.
Hanwha Solutions agreed to sell its 50% stake in Hanwha Futureproof — 54,690 shares — to HD&E for around 1.14 trillion won, with closing expected by Dec. 31, 2025.
Hanwha Aerospace will keep its 50% direct stake, giving it an effective 87.5% of Futureproof after completion, while Hanwha Solutions will hold an indirect 12.5%.
Futureproof, founded in 2023 in New York, invests in U.S. energy transition and infrastructure, including battery storage and LNG-related projects. Under the revised structure, it will remain the main defence and energy investment hub, while HD&E becomes the platform for shipbuilding and marine energy.
A Hanwha spokesperson said the moves are “strategic” for strengthening the group’s U.S. presence.
The reorganisation aligns with Hanwha’s shipbuilding plans following its 2024 acquisition of Philly Shipyard, now Hanwha Philly Shipyard. Hanwha will inject about 147 billion won into the yard for MASGA-related upgrades, supporting orders such as a U.S.-flagged LNG carrier and contributing to a broader $5 billion expansion plan.
Hanwha Group is a South Korean conglomerate operating through subsidiaries in defence, shipbuilding, energy, finance and retail.
