Hyundai Rotem to Buy Hyundai Wia’s Defence Unit for 358.4 Billion Won as Q3 Profit Slips 10%

Hyundai Rotem will acquire Hyundai Wia’s gun-barrel making defence division for 358.4 billion won to bring K2 tank main guns in-house, as it reported a 10.3% drop in third-quarter net profit.