Hanwha Ocean (042660.KS) fell about 23% after Canada selected Germany’s Thyssenkrupp Marine Systems as preferred supplier for its next submarine fleet. The contract opportunity had been estimated at up to $100 billion over three decades, making the loss material for Korea’s defense-export trade.
Hanwha Investment Securities has acquired 1.361 million additional Dunamu shares from Kakao Investment for approximately KRW 597.8 billion (~$430M), raising its total stake from 5.94% to 9.84% and becoming the company's third-largest shareholder. Dunamu operates Upbit, South Korea's dominant crypto exchange, and the deal advances Hanwha's goal of building a global RWA (Real World Asset) tokenization hub.