Mastodawn

Hyundai Rotem shares have underperformed despite record profits, as foreign selling and uncertainty over major defense contracts weigh on investor sentiment.
#YonhapInfomax #HyundaiRotem #OperatingProfit #ForeignInvestors #DefenseContracts #K2Tanks #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=105116

Yonhap Infomax News Dec 10

Hyundai Rotem has signed a framework agreement with Peru to supply 54 K2 tanks and 141 K808 armored vehicles, marking the second overseas export of the K2 and the first to Latin America, as the company aims to strengthen Peru’s defense industry and expand its global presence.
#YonhapInfomax #HyundaiRotem #K2Tanks #K808ArmoredVehicles #PeruDefense #ExportAgreement #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=94792

Hyundai Rotem Signs Framework Agreement with Peru for K2 Tanks and K808 Armored Vehicles—Expanding into Latin America

Hyundai Rotem has signed a framework agreement with Peru to supply 54 K2 tanks and 141 K808 armored vehicles, marking the second overseas export of the K2 and the first to Latin America, as the company aims to strengthen Peru’s defense industry and expand its global presence.

Yonhap Infomax

Norobiik @[email protected]Mar 16, 2024

In 2022, South Korean companies secured major deals to supply #K2Tanks, #K9Howitzers, #FA50 light attack aircraft and #ChunmoRocketLaunchers to #Poland.

Observers noted uncertainties in implementing the deals since a new government took office in Poland following general elections in October last year. #SouthKorea

New Polish FM vows to respect #DefenseDeal with Seoul signed under previous gov't
https://en.yna.co.kr/view/AEN20240315007400315?input=feed_microsoft