Hanwha Asset Management

Krafton to invest $1 billion into South Korea defense company partnered with the U.S. navy

Krafton has announced a strategic alliance and investment of approximately $1 billion into Hanwha Aerospace's global AI, robotics, and defense initiatives. The partnership aims to develop and commercialize technology across various sectors, including defense, and will involve Krafton investing in a fund managed by Hanwha Asset Management. The companies plan to leverage Krafton's experience with large-scale game data and virtual worlds for physical AI training and verification, and will establish a joint venture for seamless development and commercialization.