Korea Eximbank rules out sale of KAI stake

Korea Eximbank, the largest shareholder of Korea Aerospace Industries, told a National Assembly audit it has no plans to sell its KAI stake amid Hanwha Group's recent share buildup. Bank president Hwang Ki-yeon did not rule out a future change of plans.

• Korea Eximbank, KAI's largest shareholder, has no plans to sell its stake
• Hanwha earlier raised its KAI stake to 15.89% via on-market purchases
• KAI's union held a second protest against Hanwha's takeover attempt
• KAI's CEO warned of monopoly risks and a shrinking aerospace ecosystem