‘Secure our security through our own strength’: South Korea tests its first homegrown hypersonic weapon a week after North Korea’s own launch
There was no immediate response from North Korea, which last week tested its own hypersonic missile that landed in the waters near Japan.
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# Investment Summary South Korea successfully tested its first domestically developed hypersonic missile, escalating the regional arms race following North Korea's hypersonic test launch the previous week, which is likely to boost defense spending and benefit South Korean defense contractors like Hanwha, LIG Nex1, and Hyundai Rotem. This military escalation in Northeast Asia may increase geopolitical risk premiums in regional markets while simultaneously driving investment opportunities in the Korean and allied defense sectors.
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