LIG D&A and KAI unions oppose Hanwha's bid for KAI control
Unions of LIG D&A and Korea Aerospace Industries opposed Hanwha's acquisition of control over KAI and vertical integration in the defense industry. On August 31 the KFTC approved the deal, but the regulator is ready to review it if Hanwha's influence grows.
- Unions demand Hanwha stop buying KAI shares
- KFTC approved the deal on August 31 with Hanwha's stake above 15%
- Both structures represent about 11,000 defense workers
- Unions ask the government and DAPA to protect KAI's independence
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