[Asia Economy Reporter Park Jihwan] Pungsan announced on the 16th that it signed a contract to supply small-caliber ammunition to the Middle East region on the 14th.


The contract amount is approximately 95.7 billion KRW. This corresponds to about 3.9% of recent sales.



The company explained, "It is difficult to disclose key contract terms such as quantity due to security reasons in the defense industry."


This content was produced with the assistance of AI translation services.

© The Asia Business Daily(www.asiae.co.kr). All rights reserved.

Today’s Briefing