![]() LIG Nex1 Co., a leading defense company, was down 0.1% at 76,000 won in the early Monday session, but it has risen nearly 80% over the past year. (KAI), Korea’s sole military aircraft manufacturer, rose 1.5% to 55,100 won in early Monday trade, bringing the stock’s gains over the past three months to more than 40%. Shares of Korea Aerospace Industries Ltd. With their proven military equipment, Korea’s defense makers are emerging as new growth stocks coveted by foreign investors, analysts said. Shares of Korean defense companies rallied in recent weeks as a growing number of local contractors are poised to clinch major supply deals with other nations. ![]() In a recent visit to Seoul, Poland’s weapons procurement team showed interest in purchasing Korea’s advanced weapons systems to fill the gap left by its deliveries of fighter jets and tanks to Ukraine, according to industry officials. Poland is moving closer to clinching a megadeal to buy South Korean weapons such as fighter jets, tanks and artillery amid the ongoing Russian war on Ukraine. Hanwha Defense showcases its Redback armored vehicle at the Eurosatory 2022
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