Hanwha Aerospace rose to the 5th position in market capitalization, surpassing Hyundai Motor during the trading on the 7th.
Hanwha Aerospace shares were traded at 860,000 won in the KOSPI market at 1:38 p.m. on the same day, which was an increase of 5.13% (42,000 won) compared to the previous trading day. At the same time, Hyundai Motor's share price decreased by 1.27% (2,400 won) to 187,000 won.
Based on this stock price, Hanwha Aerospace's market capitalization reached 39.1998 trillion won, surpassing Hyundai Motor's market capitalization of 39.1608 trillion won.
Hanwha Aerospace experienced a price adjustment last month due to the controversy over capital increases; however, it successfully rebounded, driven by expectations in the defense industry. On the same day, news that Hanwha Aerospace submitted a proposal to supply K9 howitzers and rocket launchers to the Canadian Army boosted investor sentiment.
Hyundai Motor's stock price has been sluggish due to the impact of the tariff war led by the Donald Trump administration in the United States. While Hanwha Aerospace's stock price has increased by 135.5% this year, Hyundai Motor's stock price has fallen by 11.6%.