On the 29th (local time) at the Military Museum in Warsaw, Poland, Chief of Staff to the President Kang Hoon-sik (fourth from left) shakes hands with Polish Deputy Prime Minister Kosiniak-Kamysz during the K239 Chunmoo Phase 3 Execution Contract signing ceremony. From left: Hanwha Aerospace CEO Son Jae-il; Ministry of National Defense Vice Minister Paweł Bejda; (from the fifth on the left) Polish Armaments Agency Director Artur Kuptel; Defense Acquisition Program Administration Commissioner Lee Yong-chul; WB Group Chairman Piotr Wojciech; and Ministry of National Defense Resources Management Office Director Won Jong-dae. /Courtesy of Hanwha Aerospace

On the 5th in the afternoon, Hanwha Aerospace shares rose more than 5%, returning to "emperor stock" status (100 million won per share).

As of 1:49 p.m. on the day, Hanwha Aerospace was trading at 1 million won on the Korea Exchange, up 57,000 won (5.71%) from the previous session. It has been two months since the intraday share price hit 1 million won, last November.

As geopolitical jitters grow amid Trump's military action and political interference in Venezuela, the push for rearmament has strengthened, expanding buying in the defense industry.

In particular, investor sentiment improved on news that Hanwha Aerospace signed an export contract for the Chunmoo multiple rocket launcher on Dec. 29 last year, along with word that, together with the Korea Aerospace Research Institute (KARI), it will develop the lunar lander propulsion system with domestic technology for a planned 2032 launch.

Jang Nam-hyeon, a researcher at Korea Investment & Securities Co., said, "Considering Poland's demand for guided missiles, with 288 Chunmoo launchers slated for introduction, Hanwha Aerospace is expected to see continued revenue," and noted, "By leveraging its local foothold, it should also be possible to expand Chunmoo's market share in Europe."

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