Hanwha's Three Defense Companies Extend Support for Korea-U.S. Alliance Foundation, Korea Defense Veterans Association Through 2031

Support to Continue for 15 Years Since 2017
Backing Exchanges Among Korean and U.S. Service Members and Families, and Alliance Activities
Also Pursuing More U.S. Investment and Expanded Production Capacity

Hanwha's three defense companies will extend their support for the Korea-U.S. Alliance Foundation and the Korea Defense Veterans Association through 2031.

The Korea-U.S. Alliance Foundation, the Korea Defense Veterans Association, and Hanwha Group signed their third sponsorship agreement to advance the Korea-U.S. alliance in Washington, D.C. Hanwha Aerospace.

Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean said on Oct. 13 that they had signed their third sponsorship agreement with the two organizations in Washington, D.C.

Under the agreement, Hanwha will support the activities of both organizations for five years, from 2027 to 2031. The organizations plan to expand exchanges among active-duty and reserve service members and their families in both countries, as well as people who served with U.S. Forces Korea, and to strengthen cooperation between the two countries' governments, militaries, legislatures, and private sectors.

Hanwha has supported the two organizations since they were founded in 2017. With the first agreement covering 2017-2021, the second covering 2022-2026, and now this third agreement, the total sponsorship period will reach 15 years.

The signing ceremony was attended by Lim Hoyoung, chairman of the Korea-U.S. Alliance Foundation; Robert Abrams, chairman of the Korea Defense Veterans Association; and Lee Buhwan, CEO of Hanwha Aerospace, among others.

Hanwha is also working to expand its U.S. production base and broaden cooperation in the defense sector. The company aims to strengthen Korea-U.S. defense cooperation through local investment and the expansion of production facilities.

“The Korea-U.S. alliance has been a steadfast pillar safeguarding the peace and security of the Republic of Korea for more than 70 years,” said Lee Buhwan, CEO of Hanwha Aerospace. “We will continue to support the activities of the Korea-U.S. Alliance Foundation and the Korea Defense Veterans Association, and contribute to the security of both countries and the development of the alliance.”

This content was produced with the assistance of AI translation services.