Korean arms maker’s 3,100% rally tests limit of defense boom

Quick Summary:

"We are witnessing signs of a new Cold War as every country is seeking to strengthen its own security".

Though South Korea does not sell weapons to countries at war and denies it is supplying arms to Ukraine, it does sell to the U.S.and European governments looking to boost their stockpiles.

Hanwha Aerospace shares have risen more than 3,100% in the last five years, making it the best performing defense stock on Bloomberg’s WORLD index.

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Article Details

Author / Journalist: Heejin Kim, Sangmi Cha, Bloomberg

Category: EconomyBusiness

Markets: United StatesSouth KoreaPolandUkraine

Topics: and defense Bloomberg Hanwha Arms weapons Editor's Picks

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-28 @ 07:21:56 (3 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 991 words

Reading Time: 6 minutes read

Sentences: 4 lines

Sentence Length: 248 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27381188

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Official Website: fortune.com

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