• Hanwha Aerospace opens largest private launch vehicle plant in South Korea.
• Facility will handle assembly and performance verification of Nuri rocket components.
• Company aims to enter global space transport market with own rocket by 2029.
• Hanwha Group plans to invest $41.0 billion in aerospace and AI through 2040.

Hanwha Aerospace's expansion may signal a shift in South Korea's space industry towards private-led commercial production. The company's investment in a large-scale launch vehicle manufacturing center suggests a long-term commitment to the global space transport market, which could potentially challenge established players like SpaceX. This move may also indicate a diversification of Hanwha Group's business portfolio beyond defense.