Hanwha's ties to the IDF via Elbit Systems has sparked backlash, especially amid ongoing global geopolitical crises and the recent surge in arms manufacturing.
Despite Hanwha Group's diversified interests, its position as a leading arms manufacturer raises questions about the ethical implications of partnering with cultural institutions.
The partnership with Elbit Systems has been overshadowed by protests against Hanwha's defense contracts and the implications of arming Israel amidst ongoing conflicts.
Hanwha Aerospace's market value skyrocketed by 69% in 2023, demonstrating the profitable yet controversial nature of the defense industry in a volatile global landscape.
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