As concerns grow that a war between the United States and Iran could spread across the Middle East, shares of LIG Nex1 surged in early trading on the 6th. Buying sentiment also appeared to flood in after reports that the surface-to-air guided weapon "Cheongung-II" recorded a high interception success rate.

On the 6th in the West Sea area, operations personnel move out to prepare the launch of the Cheongung-II surface-to-air missile during a live-fire missile interception drill. /Courtesy of News1

As of 9:24 a.m. that day, LIG Nex1 stock was trading at 869,000 won on the Korea Exchange, up 13.89% (106,000 won) from the previous session.

Earlier, the United Arab Emirates (UAE) signed a contract in 2022 with Korea to introduce 10 batteries of the Cheongung-II. LIG Nex1 was in charge of system integration for the Cheongung-II.

Meanwhile, there are also assessments that a war between the United States and Iran could spread across the Middle East. U.S. President Donald Trump said in an interview with Reuters about the possibility of a Kurdish attack on Iran, "I think it's a great thing if they want to do that," adding, "I'm all for it."

The Kurds are scattered across Iran, Iraq, Türkiye and Syria, and if they become involved in this war, some assess that a war with Iran could spread across the Middle East.

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