Hanwha Asset Management Expands KMCA ETF to Europe and Middle East Markets

According to Choi Young-jin, vice president of Hanwha Asset Management, the company listed its KMCA ETF on the New York Stock Exchange in May, marking expansion beyond its K-defense-focused KDEF ETF launched on the same market in February 2025. The KMCA tracks a broad basket of South Korean manufacturers including semiconductor, battery, shipbuilding, and defense companies.

Hanwha is now pushing to list both KMCA and KDEF on exchanges in London, Frankfurt, and the United Arab Emirates to attract global capital, with European and Middle Eastern investors showing strong interest in Korean manufacturing ecosystems amid U.S.-China supply chain competition.