Export-Import Bank Denies Any Contact or Discussions with Hanwha Regarding KAI Sale Rumors

[Asia Economy Reporter Buaeri] The Export-Import Bank of Korea, the largest shareholder of Korea Aerospace Industries (KAI), announced on the 29th that it has not had any contact with Hanwha Group regarding the sale reports.

One media outlet reported the previous day that Hanwha had contacted the Export-Import Bank and KAI to discuss business status, future growth engines, and synergy effects from privatization.

The Export-Import Bank refuted this in a statement released that afternoon, saying, "There has been absolutely no contact or discussion with Hanwha regarding KAI."

KAI also stated on the same day, "We deeply regret the false reports that cause confusion among domestic and international customers and shareholders and damage our external image."

Meanwhile, as KDB Industrial Bank moves forward with the sale of Daewoo Shipbuilding & Marine Engineering, there are expectations that the Export-Import Bank will also begin the privatization process of KAI.

Hanwha Group was previously selected as a preliminary bidder for Daewoo Shipbuilding & Marine Engineering. On the 26th, KDB Industrial Bank announced that as part of the strategic investment attraction process for the normalization of Daewoo Shipbuilding & Marine Engineering, it signed a conditional investment agreement (MOU) with Hanwha Group and Daewoo Shipbuilding, including a 3-party allocation rights offering worth 2 trillion won.

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