Hanwha Aerospace to spin off semiconductor equipment unit

FILE PHOTO: Model military vehicles are displayed at a booth for Hanwha Aerospace during the 2023 Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea, October 16, 2023. REUTERS/Josh Smith/File photo

SEOUL (Reuters) - South Korea's Hanwha Aerospace Co said on Friday it will spin off its industrial solutions and semiconductor equipment businesses from its flagship defence division.

(Reporting by Jack Kim; Editing by Ed Davies)