A Cheongung missile launcher is displayed during the Seoul International Aerospace and Defense Exhibition (ADEX 2025) on October 17, 2025 at Seoul Air Base in Gyeonggi Province, South Korea.
Noor Photo | Noor Photo | Getty Images
South Korean defense stocks rose sharply on Tuesday after the country’s markets returned from a public holiday as the Iran war boosted global interest in defense names.
Shares in heavyweight Hanwha Aerospace, South Korea’s largest defense manufacturer, rose 22%, while Korea Aerospace Industries rose more than 7%.
Shares in South Korean air defense systems maker Lignex1 rose 30%, while Victek and Firstec, which make electronic warfare systems and anti-aircraft missile components respectively, rose more than 25%.
Ammunition maker Poongsan was up 14%, while K2 main battle tank maker Hyundai Rotem was up 12%.
The sector’s gains were in stark contrast to the broader Kospi, which was down 2% and is currently the leading loser in Asian markets.
Global defense stocks rose on Monday as investors reacted to a dramatic military escalation in the Middle East.
This is breaking news, please check back for updates.
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