Hanwha Group, a South Korean conglomerate, has increased its stake in the shipbuilder Austal, making it the largest shareholder in the company. This development has raised concerns in Japan regarding the protection of its sensitive defense technology.
The acquisition positions Hanwha Group as a significant player in the defense sector, which is particularly sensitive given the strategic interests of Japan in safeguarding its technological advancements. The implications of this investment are being closely monitored by Japanese officials.
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