Corporate Logo(source: hyundai-rotem.co.kr)
Shares of Hyundai Rotem (064350) jumped more than 6% on June 10 amid expectations of a second export deal for K2 tanks with Poland.
As of 9:59 a.m., Hyundai Rotem was trading at 163,800 won, up 6.78% from the previous session. Earlier in the session, the stock climbed to 164,900 won, setting a new record high.
According to multiple government sources, a contract to supply 180 units of K2 tanks to Poland is expected to be signed later this month.
Valued at approximately 9 trillion won, the deal would mark the largest single defense export contract in South Korea’s history. Under the agreement, Hyundai Rotem will manufacture and deliver 117 tanks, while the remaining 63 units will be produced locally by PGZ, Poland’s state-run defense group.
*[KOSPI]Hyundai Rotem(064350) is a manufacturer of railway vehicles and defense products, conducting rail solutions, defense solutions, and eco-plant businesses. Market capitalization is 16.752 trillion won (as of June 9, 2025, closing price).
Corporate Logo(source: hyundai-rotem.co.kr)
Shares of Hyundai Rotem (064350) jumped more than 6% on June 10 amid expectations of a second export deal for K2 tanks with Poland.
As of 9:59 a.m., Hyundai Rotem was trading at 163,800 won, up 6.78% from the previous session. Earlier in the session, the stock climbed to 164,900 won, setting a new record high.
According to multiple government sources, a contract to supply 180 units of K2 tanks to Poland is expected to be signed later this month.
Valued at approximately 9 trillion won, the deal would mark the largest single defense export contract in South Korea’s history. Under the agreement, Hyundai Rotem will manufacture and deliver 117 tanks, while the remaining 63 units will be produced locally by PGZ, Poland’s state-run defense group.
*[KOSPI]Hyundai Rotem(064350) is a manufacturer of railway vehicles and defense products, conducting rail solutions, defense solutions, and eco-plant businesses. Market capitalization is 16.752 trillion won (as of June 9, 2025, closing price).