[Featured Stock] Hanwha Systems Rises 12% on Export Optimism

Hanwha Systems is rising more than 12% in early trading on the 18th amid export expectations.

As of 9:26 a.m. on the same day, Hanwha Systems is trading at 22,000 won, up 12.53% (2,450 won) from the previous trading day.

The stock price appears to be driven up by export expectations. Defense Minister Shin Won-sik will hold a Korea-Romania defense minister meeting in Romania on the 19th. Romania plans to increase its defense budget from the current 2% of its gross domestic product (GDP) to 2.5%, and invest $39.9 billion (approximately 54 trillion won) in major weapons procurement by 2032.

Additionally, Hanwha Systems announced that it will participate in 'Eurosatory 2024,' the world's largest land defense exhibition held in Paris, France, yesterday.

Hanwha Systems operates in the defense sector, manufacturing and selling military equipment, and the ICT sector, selling services such as IT outsourcing. It is currently involved in projects including the Military Satellite Communication System-II, Tactical Information Communication Network (TICN), Battalion-level Combat Command System (B2CS), Personal Combat System, and the Korean Fighter eXperimental (KF-X) program.

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