Is Divergence Still the Theme? — Re-examining the Major Correction in Defense Stocks (Hanwha Aerospace · LIG Nex1 · Hyundai Rotem · Hanwha Systems)
-26% to -60% from Peak — Is the investment thesis dead, or has the bubble just cleared? Actual supply and demand data reveals the answer
Read as text
K-DEFENSE SECTOR · 2026.07.17
Is 'Individual Survival' Still Valid? —
Re-examining the Major Correction in Defense Stocks
Hanwha Aerospace · LIG Defense & Aerospace · Hyundai Rotem · Hanwha Systems
012450 · 079550 · 064350 · 272210 (KOSPI)
-26% to -60% from Peak — Is the story dead, or is it just the bubble bursting? Actual supply-demand data provides the answer.
Shock from Canada Submarine Bid Exclusion Multiple Compression Selective Accumulation by Foreigners Renewed US-Iran Tensions
Friday, July 17, 2026 · Comprehensive real-time re-investigation and cross-discussion by the 4-member Sweet Potato Team (Price basis: July 16 closing price)
Anatomy of the Correction · Re-verifying the 'Individual Survival' Story · Empirical Evidence of Supply-Demand · Team's Proprietary Target Price · Buy Roadmap and Event Calendar
Onion (Macro/Liquidity) · Acorn (Sector/Value) · Peanut (Funda/Risk) · Carrot (Chart/Flow/Sentiment) · Sweet Potato (Comprehensive)
Prologue
The Protagonists of the Rally Quietly Lost a Third of Their Value
The two main protagonists of the Korean stock market this year were Semiconductors and Defense. While the whole nation watched the semiconductor crash alongside circuit breakers, the correction in defense stocks proceeded quietly, yet more deeply. The leader, Hanwha Aerospace, fell 38.6% from its annual high, giving back all year-to-date gains, while Hanwha Systems dropped to below half of its peak. However, what followed is interesting — on the day the KOSPI collapsed 9%, defense stocks held up, outperforming the market by 5–8 percentage points, and some stocks even saw inflows of foreign capital. Collapse and resilience coexist within a single sector. This report dissects that fracture.
| Stock | Price (7/16 Close) | Year-to-Date | From Annual High | Chart/Flow Assessment |
|---|---|---|---|---|
| Hanwha Aerospace | 943,000 KRW | -0.3% | -38.6% | Early attempt to form a bottom · Institutional defense |
| LIG Defense & Aerospace | 749,000 KRW | +70.6% | -26.6% | Attempting to rebound after pull-back · Foreigner accumulation |
| Hyundai Rotem | 159,000 KRW | -17.8% | -40.9% | Ongoing trend breakdown · Outflow of capital |
| Hanwha Systems | 65,500 KRW | +18.4% | -59.7% | Downward trend with unconfirmed bottom |
Note: KAI (-26.1%) and Poongsan (-52.7%) also underwent corrections. LIG Nex1 changed its name to LIG Defense & Aerospace (hereafter LIG).
Chapter 1
Anatomy of the Correction — Five Causes, One Trigger
If you interpret this correction as being 'swept away by the semiconductor crash,' the sequence is wrong. Defense stocks had already collapsed first for their own reasons before the KOSPI crash.
Sequence — A correction that arrived before the market crash
Daily prices tell the story. Hanwha Aerospace fell -7.2% on July 8 and -8.5% on July 9 — shedding 15% on its own over two days even before the KOSPI crash (July 13). LIG also took a -10.6% hit on July 8 alone. This means defense-specific bad news came first. That bad news was five layers deep.
**① The Trigger — Elimination from the Canadian submarine project (early July).**In the Canadian submarine project worth up to 60 trillion KRW (construction + maintenance), Hanwha Ocean was eliminated, losing out to a German company. Hanwha Ocean plummeted -22%, sparking a chain of panic selling across group stocks, while Hanwha Systems dived -16%, falling into the 60,000 KRW range. The reason for the elimination is painful — the company admitted itself that it "could not overcome the wall of the NATO alliance." This was not a matter of price, but rather 'Can Korean defense win in the backyard of Western alliances?'— a blow to the core assumption of the narrative.
**② Earnings margin disappointment.**Hanwha Aerospace's Q1 ground defense operating profit fell -30.8% YoY, missing consensus (market average forecast), and Q2 is also expected to miss consensus as Poland Chunmoo delivery volumes are deferred to the second half (announcement on August 7). The company's explanation is 'carryover, not impairment,' but missing for two consecutive quarters tests the market's patience. Hyundai Rotem also entered the initial low-margin phase of the second Polish batch, cracking the 'export = high margin' formula.
**③ Multiple compression — The core of the correction.**Before the correction, Korean defense stocks traded at 2–3 times the multiples of the world's No. 1, Lockheed Martin (PER approx. 19.6x) — Hanwha Systems at 40–60x, LIG at 35–44x, and Hanwha Aerospace at 23–32x. This -26% to -60% drop is not a disaster but a normalization of that premium, or rather, clearing the froth.
**④ Europe's threshold — Buy European.**The EU's rearmament plan (Readiness 2030) aims to source more than half of procurement from within the region, and defense funds (EDIP/SAFE) have a 35% cap on extra-regional components. Even Poland is strengthening local production requirements. While the European pie is growing, a ceiling is forming on Korea's share — without localization and technology transfer, the upper limit of the multiple is blocked.
**⑤ Capital rotation outflows.**Funds flowed out due to the semiconductor super-rally in the first half, and in early July, foreigners net sold hundreds of billions of KRW in Hyundai Rotem, Hanwha Aerospace, and LIG.
**Verdict on the first chapter.**The correction for Hanwha Aerospace and LIG is a price correction (order backlogs remain at record highs, the core narrative is intact), but Hanwha Systems (-59.7%) and Hyundai Rotem (-40.9%) face partial narrative damage — the former due to the disappearance of group order expectations and the double liquidation of ultra-high multiples, and the latter due to entering a low-margin phase. This is a stage where 'defense' should not be judged as a single block.
Chapter Two
Re-verifying 'Every Man for Himself' — The pie is growing, the issue is the share
The grand premise that 'countries around the world are strengthening their own defense' has not been shaken in the slightest. What was shaken is the next sentence — the secondary assumption that 'that money is coming to Korea.'
The Pie — Still, definitely growing
NATO agreed to spend 5% of GDP (3.5% core defense + 1.5% security infrastructure) by 2035, and defense investment in Europe and Canada has already increased by more than 20% compared to 2024. The US and Iran clashed again just a month after a ceasefire agreement, with Iran declaring a blockade of Hormuz and the US launching regional airstrikes — Middle East air defense demand is structural. The prolongation of the Ukraine war, the shrinking of the US security umbrella, and the rearmament of individual nations. The demand side of 'every man for himself' has actually strengthened.
Order Backlog — Earnings visibility is solid
Hanwha Aerospace 39.7T · LIG 26.2T · Hyundai Rotem 29.8T
Order Backlog (Hanwha Aerospace ground defense record high / LIG +31% YoY, including 10.2T for Middle East Cheongung-II / Rotem defense 10.1T) — 4 to 5 years of work
The pipeline for the second half is also loaded. The first shipment of the Polish K9PL began in July, the implementation of the 3rd Chunmoo batch (5.6T) is underway, and the US Army's Wheeled Self-Propelled Howitzer (MTC) shortlist results (July), the main contract for K9 co-development in Spain (July-August), a 3 trillion KRW package for the Peruvian Army (imminent), and the US Navy's induction tests for LIG's 'Poniard' guided rocket are lined up. Cheongung-II demonstrated a 96% accuracy rate in actual combat and holds a sales card of being half the price of competing products.
However — Three ceilings on market share
First, the wall of alliances. As the Canadian elimination showed, NATO regional companies are structurally advantaged in core Western projects. Second, the 35% rule of Buy European. Additional European orders require paying localization costs, which thins margins. Third, **the paradox of geopolitics.**The US-Iran conflict increases demand for air defense, but large contracts like those with Saudi Arabia and Iraq are set to "resume upon stabilization of the situation" — signatures are delayed during wartime. Furthermore, since this is a market where peace agreements have been reached and then broken, a single headline about a re-settlement will immediately cause the geopolitical premium to be returned.
**Conclusion of Chapter 2.**The "individual survival" story remains valid — however, the nature of Korean defense stocks has changed. They are no longer 'order backlog growth stocks,' but rather high-multiple manufacturing businesses that must prove delivery schedules, margins, and localization every quarteris what they have become. Europe exposure should be discounted, while Middle East and Asia exposure should be viewed with a premium.
Chapter 3
Empirical evidence of supply and demand — rotation is real, but narrow
The saying "money is moving from semiconductors to defense" is only half true. Measured data shows that the market is not buying the entire defense sector, but is selectively picking only the two leading export air defense stocks.
LIG — Foreigner accumulation in the midst of a market crash (Measured)
| Date | Closing Price | Individuals | Institutions | Foreigners | Foreign Ownership Rate |
|---|---|---|---|---|---|
| 7/10 | 749,000 | -25,004 shares | -4,066 shares | +29,194 shares | 25.30% |
| 7/13 (KOSPI -8.95%) | 725,000 | -17,780 shares | -6,221 shares | +24,201 shares | 25.44% |
| 7/14 | 665,000 | +13,117 shares | -8,815 shares | -3,240 shares | 25.38% |
| 7/15 (+13.8% long bullish candle) | 757,000 | -38,879 shares | -9,920 shares | +49,319 shares | 25.73% |
| 7/16 (KOSPI -6.37%) | 749,000 | -5,972 shares | -9,462 shares | +16,242 shares | 25.80% |
5-trading day total for Foreigners +115,716 shares (approx. 85 billion KRW), ownership rate +0.50%p. In the very week when foreigners were selling the top two semiconductor stocks on the KOSPI by the trillions, they absorbed the entire LIG volume offloaded by individuals and institutions. The direction of the turnover is upward — it is the rotation from semiconductors to export-oriented air defense stocks' direct evidence.
Hanwha Aero — Defended by Institutions, Not Foreigners
Hanwha Aero shows a different pattern. Foreign ownership is sideways in the 45% range; instead, **institutions provided a weekly net purchase of approx. 183.6 billion KRW + net bought 24,629 shares on the crash day (7/16)**to support the downside. This is not LIG-style accumulation, but institution-led downside defense. The chart rebounded for two days above the 78.6% retracement of the 52-week rally (approx. 950,000 KRW) — it is in the 'attempting floor formation' stage. Since the rebound volume is half of the decline volume, 'confirmation' is not yet here. The confirmation trigger is a closing price recovery of 967,000 KRW (the previous retracement high).
Hyundai Rotem · Hanwha Systems — Zero Rotation
On the other hand, Hyundai Rotem is seeing the worst kind of turnover, with retail investors absorbing 80,000 shares while institutions and foreigners dump them together (only 1.2% away from the 52-week low). Hanwha Systems also sees continued foreign selling (ownership at 10%). Smart money's selection is brutally clear — money is only flowing into the top 2 leaders with visible export and air defense performance.
Chapter 4
Four Perspectives
Onion · Macro/Liquidity
"The story hasn't wavered one bit. Earnings aren't damaged; they're just deferred to the second half. The weak KRW environment is a 'cheat code' to maximize margins for defense firms with USD-denominated orders. July and August are momentum-packed months with the US self-propelled howitzer shortlist, the Spanish main contract, and Peru's 3 trillion KRW deal — will you wait for the bottom and only buy after the announcement and a long green candle?"
Acorn · Sector/Value
"The core of this correction is valuation. Korean defense was trading at 2–3x Lockheed Martin's multiples; a -40 to -60% drop isn't a disaster, it's multiple compression. Europe's 'buy regional' policy lowers the ceiling for Korean supplies without localization. The story holds, but from now on, we must view them as high-multiple manufacturers that need to prove their delivery dates, margins, and localization."
Peanut · Fundamentals/Risk
"The 'survival of the fittest' theme is valid, but the secondary assumption that 'that money will come to Korea' was overestimated — the reason for the Canada rejection was the 'NATO alliance wall.' Also, LIG is already trading above many brokerages' target prices. Money riding on geopolitical premiums will be the first to leave the moment the US and Iran return to the peace table. Use them as a temporary shelter, but the only place to settle down based on value is at levels like 820,000–850,000 KRW for Hanwha Aero."
Carrot · Chart/Supply & Demand/Sentiment
"Defense stocks already completed a -15% pre-correction before the KOSPI crash and outperformed the market by 6–8 percentage points on the crash day. That defense was built by the firepower of foreigners (LIG) and institutions (Hanwha Aero). You can't call stocks that increase their ownership in the middle of a market crash 'fully distributed.' However — the rotation ends with the top 2 leaders. Not a single share flowed into Rotem or Hanwha Systems."
Summary of the four perspectives. The story (demand) was deemed valid by all four, but 'buying the entire defense sector' was rejected. What differs are the stocks and entry levels — Onion suggests expanding to all stocks, while Acorn, Peanut, and Carrot narrow it down to the top 2. They advise against chasing LIG and waiting for a dip, and suggest split buying Hanwha Aero in the value-attractive zone. For Rotem and Hanwha Systems, the majority opinion is to hold off on new entries until supply-demand or earnings triggers are confirmed.
Chapter 5
Valuation — Team's Independent Target Prices
Below are the team's target prices synthesized from the four individuals' independent valuations (based on each person's Base median). Brokerage consensus (e.g., Hanwha Aero average approx. 1.7 million KRW) was viewed as optimistic for not reflecting two consecutive quarters of earnings misses and was used only as an upper reference.
Hanwha Aerospace (012450) — 943,000 KRW · Top Buy Priority
| Scenario | Target Price | Rationale |
|---|---|---|
| Bear | 780,000 KRW -17% | 8/7 Q2 earnings miss again + further decline in land systems margins. Retesting the 52-week low (791,000), multiple reflecting the disappearance of the Lockheed premium. |
| Base | 1,230,000 KRW +30% | Normal execution of 39.7 trillion KRW order backlog + confirmation of concentrated deliveries in H2. Recovery of early July volume profiles, restoration of fwd PER to 22–23x. |
| Bull | 1,450,000 KRW +54% | H2 earnings surprise + passing US MTC shortlist and signing Spanish main contract. Exceeding the 61.8% retracement of the decline (1.28 million). |
| Ultra Bull | 1,850,000 KRW +96% | Middle East K9/Chunmoo package deal finalized + NATO 5% budget execution acceleration + Breaking previous peak (approx. 1.54M). Global multiple (21x+) reassigned. |
Median value of the 4-person Base spread (1.13M–1.50M). The only large-cap defense stock with valuation appeal remaining relative to backlog—though Aug 7 earnings will be the hurdle.
LIG Defense & Aerospace (079550) — 749,000 KRW · Holding Advantage, Do Not Chase
| Scenario | Target Price | Rationale |
|---|---|---|
| Bear | 600,000 KRW -20% | US-Iran rapprochement + Gap in Saudi/Iraq follow-ups. Near the 61.8% retracement (612,000) of YTD gains. |
| Base | 900,000 KRW +20% | Normal execution of 10.2T KRW Middle East backlog + Recovery of March all-time high (899,000) resistance zone. |
| Bull | 1,100,000 KRW +47% | Additional Saudi contracts + US export of Poniard (Bigung) confirmed. Breaking through YTD high (1.02M). |
| Super Bull | 1,350,000 KRW +80% | Long-term blockade of Hormuz → 2nd round of Gulf air defense panic buying (Cheongung-II 96% hit rate proof as sales card). Upward projection of the box range. |
Strongest foreign accumulation and chart, but valuation is already above analyst target prices—not a stock to 'buy now,' but a stock to 'add only on dips.'
Hyundai Rotem (064350) — 159,000 KRW · Conditional Interest
| Scenario | Target Price | Rationale |
|---|---|---|
| Bear | 130,000 KRW -18% | Breakdown of 52-week low (157,100) + Persistence of low margins for Poland 2nd contract + Extended gap in new orders. |
| Base | 200,000 KRW +26% | Signing of 3T KRW Peru framework agreement + Confirmation of margin recovery in H2. Resolution of relative undervaluation among large-cap defense stocks. |
| Bull | 250,000 KRW +57% | Finalization of Poland 3rd execution contract within the year + Recovery of half the decline. |
| Super Bull | 290,000 KRW +82% | Export momentum reignited by K2 deals in Iraq/Middle East. |
Fundamentals are the most comfortable (solid), but supply/demand is the worst (laggard)—Peru disclosure or net buying shift by institutions/foreigners is a prerequisite for new entry.
Hanwha Systems (272210) — 65,500 KRW · New Entry Pending
| Scenario | Target Price | Rationale |
|---|---|---|
| Bear | 50,000 KRW -24% | Philly Shipyard delays and continued expansion of R&D costs + Lack of supply/demand. Over-correction ≠ Undervaluation (still in 30x PER range). |
| Base | 82,000 KRW +25% | Confirmation of 2026 operating profit surge path (reduced Philly losses) + Partial recovery of 'guilt-by-association' drop. |
| Bull | 115,000 KRW +76% | Full-scale revenue from Defense IT/Cheongung radar integration + Visibility of Philly turnaround. |
| Super Bull | 140,000 KRW +114% | Reigniting of group overseas orders + Restoration of super-high multiples. Returning to the lower end of analyst target prices (137k–169k) from the overheating period. |
Maximum drop at -59.7%, but mixed with story damage (loss of group order expectations) and no supply/demand—New entry prohibited until simultaneous confirmation of 70,000 KRW recovery + foreign net buy shift.
Chapter Six
Buy Roadmap — Levels, Allocation, and Calendar
Concentrate firepower on '2 leader stocks with confirmed supply/demand' rather than 'defense as a whole.' Allocation and levels per stock assuming total capital is 100.
Firepower Allocation Ranking (Team Total)
| Rank | Stock | Allocation | Reason |
|---|---|---|---|
| 1 | Hanwha Aerospace | 55 | +30% upside to Base + Institutional defense + Record-high backlog. The only large-cap defense stock that can be 'held long-term' based on valuation. |
| 2 | LIG | 30 | Strongest supply/demand and chart, but valuation burden—For dips only. Do not chase. |
| 3 | Hyundai Rotem · Hanwha Systems | 15 (Conditional) | Only after confirmation of triggers (Peru disclosure / supply-demand shift). Preserve firepower until then. |
Execution Levels by Stock (Assuming 100 for each stock's allocation)
| Stock | 1st Buy | 2nd Buy (Main) | 3rd / Chase Condition | Stop-loss · Re-evaluation Line |
|---|---|---|---|---|
| Hanwha Aero (943,000) | 900,000~920,000 (30) 7/16 Low range | 820,000~872,000 (40) 7/14 Low ~ Valuation appeal zone | In case of undershooting 750,000–790,000 (20) Chasing: Breakout above 967,000 close confirmed, then remaining 10 | Breakdown of 872,000 close stop new entries; Breakdown of 791,000 (52-week low) reduce/re-evaluate. Re-examine logic if Aug 7 earnings is a major miss. |
| LIG (749,000) | 690,000~727,000 (50) 50% retracement line ~ 7/16 low | 620,000~653,000 (50) 7/14 Swing Low Zone | Do not chase. **Only on dips after breakout of 899,000 (previous high resistance)**Only in Start partial profit-taking from 1,020,000 | Breakdown of 653,000 close = Dip structure damaged → Re-evaluation. Trim event-driven overheating if US-Iran rapprochement headlines appear. |
| Hyundai Rotem (159,000) | New entry pending. If necessary, only small amount at 145,000–155,000 | Full entry after confirmation of 3T KRW Peru disclosure + Institutional/Foreigner net buy shift | Mechanically reduce holdings on breakdown of 157,100 (52-week low) close, Stop-loss at 130,000 | |
| Hanwha Systems (65,500) | New entry prohibited. Interest triggers: Simultaneous 70,000 recovery + Foreigner net buy shift | Split entry at 55,000–62,000 upon fulfillment | Observe 60,000 on breakdown of 63,700, Stop-loss at 50,000 |
Event Calendar — This Trade's Calendar
| Timing | Event | Significance |
|---|---|---|
| During July | US Army Mobile Tactical Cannon (MTC) shortlist results | If passed, ignites Hanwha Aero Bull scenario. Bridgehead into the US market. |
| Late July | Hanwha Aero ESOP lock-up release scheduled (approx. 1.3% of total shares) | Short-term supply-demand burden — limited scale but psychological pressure in a plunging market (Please check disclosure as there are internal conflicting views on facts) |
| July–August | Spain K9 joint development main contract · Peru Army 3 trillion KRW master agreement | Southern European bridgehead (Buy European bypass model) · Hyundai Rotem reversal trigger |
| August 7 | Hanwha Aerospace Q2 earnings | The biggest hurdle of this report. Consensus miss already signaled — the credibility of the 'carry-over to H2' explanation will be tested |
| Ongoing | US-Iran war situation / Ceasefire re-negotiation | De-escalation headlines = Geopolitical premium reversal → Signal for trimming event-driven overheating in LIG |
| Second half (H2) | Saudi/Iraq air defense/armored package ("To resume upon stabilization of situation") | If successful, opens a super-bull path for LIG and Hanwha Aero |
**Closing remarks.**The 'every man for himself' pie is growing, and evidence (NATO 5%, record-high order backlog, renewed Middle East tensions) is abundant. However, this correction taught us two things: a ceiling has been set for Korean defense multiples by the 'Alliance Wall' and 'Local Procurement Ceiling,' and the market is no longer looking at the entire defense sector, but rather has started cherry-picking only the export air defense leaders with visible earnings. Therefore, the conclusion is neither to discard the story nor to average down on all stocks. Protect the stock foreigners bought during the crash (LIG) during pullbacks, accumulate the leader whose value has returned (Hanwha Aero) in the 820,000–872,000 range, and save firepower for the others until a trigger is pulled—the earnings release on August 7 will be the first trial for all these judgments.
Appendix
Reference Materials
Correction Causes · Earnings
- YTN — Breaking: Hanwha Ocean excluded from Canada submarine project: ytn.co.kr (202607070615) / Invest Chosun — Analysis of exclusion background: investchosun.com (2026070780023) / JoongAng Ilbo — Hanwha Systems consecutive plunge: joongangenews.com (528759)
- Hanwha Aerospace 1Q Below Consensus & Land Systems -30.8%: nanumy.co.kr (4006379) · nate.com (20260430n15407) / Korea Investment & Securities 2Q Preview: nate.com (20260715n16747)
- Hyundai Rotem Poland 2nd Phase Low Margins & Mix Deterioration: fnnews.com (202607140743) / Hana Securities Comment: etoday.co.kr (2597995) / Order Gap Analysis: lkp.news (81899)
- Defense Valuation Overheating Noted (2-3x vs Lockheed): ChosunBiz · Seoul Economic Daily · Financial Post (231209)
- Hanwha Systems TP Lowered (Yuanta): newspim.com (20260714000507) / Philly Shipyard & Earnings Path: pinpointnews.co.kr (429674)
- Hanwha Aerospace Paid-in Capital Increase & Overhang Issues: etoday.co.kr (2594966) / Distinction from Hanwha Solutions Capital Increase: seoul.co.kr (20260327500108)
Geopolitics, Policy, and Orders
- NATO — Agreement on 5% GDP Defense Spending: nato.int (5% commitment) / Hague Summit: nato.int (2025 Hague) / Ankara Summit · Investment Increase: nato.int (2026 Ankara) / Annual Report: nato.int (annual report)
- US-Iran Re-clash · Hormuz: YTN (202607131043) / Pressian (2026071213) / June Defense Stock Rally: Seoul Economic Daily (20053907)
- EU Readiness 2030 (Intra-regional Procurement): European Commission / EDIP · SAFE 35% Rule: Global Economic (0504) / Poland's Self-Reliance Blueprint: Global Economic (0523)
- Order Backlog — Hanwha Aero 39.7 trillion: hanwha.co.kr (15665) · KB Securities Briefing / LIG 25.3~26.2 trillion: inteliview.kr · toryongilab.com / Hyundai Rotem 29.8 trillion: ChosunBiz (0424)
- Poland K9 Execution · First K9PL Shipment: Hanwha Aerospace Europe · Newsmax Polska / Chunmoo 3rd Batch 5.6 trillion: Global Economic (0706)
- Cheongung-II Real-world 96% Hit Rate Proven: Invest Chosun (2026030680175) / K-Defense Export Target $37.7B · Risks: ygdata.kr · Global Economic (0602)
Supply/Demand · Chart Data
- P-Flow — Daily Prices · Supply/Demand by Investor Type (Measured): Hanwha Aero · LIG · Hyundai Rotem · Hanwha Systems
- Foreigners' Defense Sector Net Selling in Early July: SME News (334659) / Institutional Weekly Net Buying · Balance: Judall Hanwha Aero Analysis
- Stock Lending Balance Precedent (Hanwha Aero Short Selling Top List): E-Today (2484591) — July 2026 stock lending actuals by ticker require follow-up verification via the KRX Short Selling Portal
- 7/8 Heavy Hit on Defense · 7/13 ETF Market Conditions: Newspim (20260708) · Newspim (20260713)
- Real-time Prices · Disparity: Calculated via Naver Finance API (polling.finance.naver.com / api.finance.naver.com) and Team Dashboard (market_dashboard)
This report is a narrative analysis based on real-time re-investigation and cross-discussions by Team Goguma (Onion, Acorn, Peanut, Carrot, Sweet Potato).
The target prices and buy levels presented are independent estimation scenarios by Team Goguma, not brokerage consensus, and do not constitute investment advice. Investment decisions and responsibilities lie with the investor.
Price Basis: Closing price on July 16, 2026 (Domestic market closed on July 17) · Hanwha Aerospace (012450) · LIG Defense & Aerospace (079550) · Hyundai Rotem (064350) · Hanwha Systems (272210)
Comments 0
to comment Login