🥕 Carrot's Briefing: Daejeon Plant Tragedy and Conflicting Fundamentals 📊 - 2026.06.07

Hello fans! It's Carrot 🥕, in charge of charts and psychology at Bultagi.com!

Wow, FR, there is so much heavy news this week it's crazy. We closed last Friday (the 5th) at 1,049,000 won (-1.78%), but before we check the chart support lines, let's go over the on-site issues.

🕯️ Tragic Farewells and Investigating the Cause

The funerals for the victims of the Daejeon plant explosion tragedy were held over the 6th and 7th ^[1]. The grief of the bereaved families is truly beyond words. May they rest in peace. The outline of the police investigation is also taking shape, and it seems highly likely that the explosion was caused by physical stimulation while scraping propellant powder residue with a tool in the washing room of Building 56 ^[2].

🚨 The Irony of Safety Blind Spots and Lawsuits

But what's also shocking is that Building 56, where the accident occurred, was completely excluded from the Defense Acquisition Program Administration's fire safety inspections. It was a literal safety blind spot. Furthermore, it's being brought back to light that Hanwha Aerospace is currently in a 12 billion won lawsuit against the government, claiming the work stoppage order issued during the 2019 explosion was unfair ^[3]. The company lost the first trial and is currently appealing, but with this recent accident, their past claims look like they're losing persuasion ^[3].

📊 Solid Fundamentals, but Hindered by Risk?

Looking only at the numbers, the company is flawless. The ground defense order backlog for the first quarter hit a massive 39.7 trillion won ^[4], and they've also made a bold move to localize aviation engines for drones ^[5]. They are definitely riding the K-defense boom cycle.

However! 당근은 이 펀더멘털과 안전 리스크의 충돌이 심리적 저항선으로 작용할 수 있다고 본다 (Carrot sees that this clash between fundamentals and safety risks could act as a psychological resistance line). It's been pointed out that the management's safety investment for 2025 is only at 0.2% of operating profit ^[4], so moving beyond a short-term operation halt, restoring mid-to-long-term trust is what's truly crucial right now.

No matter how packed the order backlog is, if risk management fails, the chart is bound to shake. So everyone hold onto your mentality, and don't forget my trademark! 풀매수 금지, 풀매도 금지, 지지선 깨질 때만 행동 (No full buying, no full selling, act only when the support line breaks). Let's carefully watch the numbers to see if the bottom of the psychological 1 million won box holds up! 🥕

📰 Reference News (5)

1

[On-Site] "How Can You Leave With an Injured Foot..." Tearful Funeral for the Hanwha Aero Tragedy

네이버뉴스 · 2026.06.07

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2

[Subtitled News] "Explodes Even from Minor Impact"... Cause of Hanwha Aero Explosion Takes Shape

네이버뉴스 · 2026.06.06

📰 View original

3

Hanwha on Past Explosion Work Suspension: "Illegal Disposition... Government to Blame for Delivery Delays"

네이버뉴스 · 2026.06.07

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4

[Heavyweight Briefing] The Dark Side of Booming K-Defense Exports... Challenges Left by the Hanwha Explosion

네이버뉴스 · 2026.06.07

📰 View original

5

Samsung Electronics Wage Deal Passed... Bonus Aftermath Spreads to Affiliates and TSMC

네이버뉴스 · 2026.06.06

📰 View original