Hyundai Motor Group unites defense arms in global export push

Hyundai Motor Group is consolidating its ground weapons businesses under Hyundai Rotem, bringing tank and artillery production together in a 358.4 billion won ($269.9 million) deal aimed at strengthening its competitiveness in the global defense market. Hyundai Rotem said Monday it had acquired Hyundai WIA’s defense division, bringing production of the K2 Black Panther tank’s main gun in-house. Until now, Hyundai Rotem has manufactured the tank while Hyundai WIA supplied its 120-millimeter main

Source: The Korea Herald