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KAI Union Warns Against Hanwha Stake Increase

The labor union of Korea Aerospace Industries (KAI) is drawing attention for opposing Hanwha Group’s stake increase and urging the Fair Trade Commission to disallow the business combination.

  • KAI union opposes Hanwha's 15.89% stake increase, citing potential conflicts of interest.
  • Hanwha has been purchasing KAI shares since November, securing the stake as of August 10.
  • Union acknowledges government manages defense procurement, limiting Hanwha's unilateral control.

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