RoboticsCNBC Techabout 1 hour ago
South Korea Defense Stocks Plunge Amid Shift
3 min read
South Korean defense stocks fell sharply this year as investors shifted focus from traditional tanks to drones and counter-drone systems. Combined market value of top four firms dropped to 62 trillion won from a 52-week peak of 170 trillion won. Hanwha Aerospace profits fell over 46% while Hyundai Rotem saw an 11.1% decline, though Korea Aerospace improved sales by 52%.
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