Hyundai Wia weighs sale of defense unit to Hyundai Rotem

Hyundai Wia is reviewing a plan to sell its defense business to affiliate Hyundai Rotem, in a move aimed at streamlining Hyundai Motor Group’s defense operations and boosting competitiveness, industry sources said Thursday. The deal would transfer Hyundai Wia’s defense unit — which produces large-caliber artillery systems and generates about 400 billion won ($272 million) in annual revenue — to Hyundai Rotem, the group’s defense vehicle arm. “We are reviewing various measures to strengthen the c

By The Korea Herald