From tanks to drones: South Korea’s defense firms face a new battlefield test
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓The combined market value of South Korea’s top four defense firms fell to 62 trillion won by end-October.
- ✓Investors worry about delayed orders and shifting battlefield needs.
- ✓Peter Kim said, "Modern warfare is being fought with less traditional weaponry," as drones and counter-drone systems now dominate global military procurement priorities.
Story at a Glance
- Category
- MARKET
- Reported By
- CNBC
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
The combined market value of the top four Korean defense companies — Hanwha Aerospace, LIG D&A, Hyundai Rotem, and Korea Aerospace — had plunged to about 62 trillion won ($46.18 billion) as of end-October from their 52-week peak of 170 trillion won, according to South Korean broadcaster SBS.
Are South Korean companies, known for exporting tanks and artillery systems, well-placed for a modern battlefield that has seen drones and counter-drone systems proliferate in Ukraine and Iran?
The war in Ukraine has shown how relatively inexpensive drones can threaten expensive military equipment, and drone strikes from Iran have depleted stocks of costly air defense missiles of the U.S. and its Gulf allies.
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