02-05-2025
Hanwha Group expands defense footprint into Latin America
Hanwha Group's three major defense affiliates -- Hanwha Aerospace, Hanwha Systems and Hanwha Ocean -- are stepping up efforts to expand into the Latin American defense market, using Chile as a strategic gateway.
On Monday, the three companies participated in 'Korea Defense Day 2025' held in Santiago, Chile, where they showcased key defense solutions tailored for the region.
Jointly organized by KOTRA and the Embassy of the Republic of Korea in Chile, the exhibition aimed to support Korean defense firms in exploring global markets.
High-level representatives from the Chilean Ministry of Defense, Army, Navy, Air Force and police attended the event.
Aiming to participate in the Chilean Army's Cromo Project to modernize its armored vehicle fleet, Hanwha Aerospace presented its self-developed 'Tigon' wheeled armored vehicle.
With wheeled armored vehicles available in various configurations -- including the 8x8, 6x6 and 4x4 -- the firm expects to meet both the military and public security needs of Chile.
Chilean officials also showed interest in the K9 Self-Propelled Howitzers, K10 Ammunition Resupply Vehicles and Chunmoo, a multiple launch rocket system.
Hanwha Systems showcased small Synthetic Aperture Radar, or SAR, satellites and analysis tools, seeking opportunities to collaborate on Chile's national space program, SNSAT.
Hanwha Ocean introduced export models of its KSS-III class submarines and advanced next-generation frigates, signaling its intent to participate in Chile's naval modernization programs.
'By establishing a strategic presence in Chile, we aim to become a total defense solution provider for Latin America," said a Hanwha Group official.
