Kenko Aerospace Decides on 11.3 Billion KRW Capital Increase for US Subsidiary

[Asia Economy Reporter Minwoo Lee] Kencoa Aerospace announced on the 5th that it will invest 10 million dollars (approximately 11.3 billion KRW) in its US subsidiary, Kencoa Group. The company explained that the funds are intended for "facility expansion and securing capital for mergers and acquisitions (M&A) to expand the space launch vehicle business."