{"id":57774,"date":"2026-03-11T04:34:44","date_gmt":"2026-03-11T04:34:44","guid":{"rendered":"https:\/\/prosfunds.com\/?p=57774"},"modified":"2026-03-11T04:34:47","modified_gmt":"2026-03-11T04:34:47","slug":"iran-war-lifts-k-defence-company-offering-cheap-patriot-rival","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=57774","title":{"rendered":"Iran war lifts K-defence company offering cheap Patriot rival"},"content":{"rendered":"<div>\n<p>Unlock the Editor\u2019s Digest for free<\/p>\n<p class=\"article__content-sign-up-topic-description o3-type-body-base\"><span>Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.<\/span><\/p>\n<p><iframe class=\"article__content-sign-up-iframe close\" scrolling=\"no\" id=\"signUpIframe\" data-prev-url=\"\/register\/in-article-sign-up?ft-content-uuid=658c8411-df02-4b5e-a69d-2029114e4ca1\"><\/iframe><\/div>\n<div id=\"article-body\">\n<p>A South Korean missile defence specialist has emerged as a beneficiary of the US-Israel war on Iran, with demand for LIG Nex1\u2019s cheaper system pushing its shares higher and shining a spotlight on the country\u2019s thriving security sector. <\/p>\n<p>The company\u2019s flagship product is the Cheongung-II (M-SAM II), a mid-range missile defence system that it has already sold to Saudi Arabia, Iraq and the United Arab Emirates, and that is much cheaper than its rivals. <\/p>\n<p>The system, which fulfils a similar role to the Patriot PAC-3 mid-range interceptors used by the US and its allies, has demonstrated a 96 per cent success rate against Iranian missile and drone attacks, according to Yoo Yong-won of the Korean National Assembly\u2019s defence committee.<\/p>\n<p>Until this month, the Cheongung-II had not been tested in a real war situation. Now that it has proven itself, \u201cthere will be much higher demand from the [Middle East] region and Europe\u201d, said Kim Ho-sung, professor of advanced defence engineering at Changwon National University.<\/p>\n<p>Shares in the missile defence specialist LIG Nex1 are almost 47 per cent higher than before the conflict started in late February, a sharp contrast to the falls in the broader Korean market. <\/p>\n<p>The increased importance of anti-missile systems worked to LIG Nex1\u2019s advantage, Kim said. <\/p>\n<p>\u201cThe Iran war is mostly about firing missiles and defending against them as politicians are reluctant to send in ground troops over fear over mass casualties\u2009.\u2009.\u2009.\u2009therefore the importance of anti-missile defence systems is increasing as Iran continues to fire waves of missiles and drones,\u201d he said. <\/p>\n<p>In a recent report, Chae Woon-saem of Hana Securities noted stockpiles could be quickly depleted. \u201cIran is estimated to have launched hundreds of ballistic missiles, and given that multiple interceptor missiles are typically fired to counter a single ballistic missile.\u201d<\/p>\n<p>Interceptor missiles are expensive and produced in low volume. Lockheed Martin, which manufactures the Patriot PAC-3, produced only around 620 last year at a cost of $3.7mn each.<\/p>\n<p>While the lead time for PAC-3 delivery could be around four to six years, LIG Nex1, which also has a substantial backlog, was expanding capacity and could potentially increase production within nine to 12 months with double-shift operation, said Nomura analyst Eon Hwang in a research note. The Cheongung-II is also much cheaper, at around $1.1mn per missile.<\/p>\n<p>\u201cKorean defence companies are good at meeting deadlines with value for money,\u201d said Moon Sung-mook, senior researcher at the Korea Research Institute for National Strategy.<\/p>\n<p>\u201cK-defence\u201d, as Korean authorities refer to it, has thrived in recent years, thanks to government support and a surge in global rearmament, particularly in Europe and the Middle East. <\/p>\n<p>According to the Stockholm International Peace Research Institute (SIPRI), global defence spending reached $2.7tn in 2024, 9.4 per cent higher than the previous year.<\/p>\n<p>Korea has become the world\u2019s ninth-largest arms exporter, with 3 per cent market share, according to SIPRI. Nearly 60 per cent of Korean defence exports between 2021 and 2025 went to Poland, which has been dramatically increasing military spending in the wake of Russia\u2019s war on Ukraine.<\/p>\n<p>In a 2022 agreement, Poland bought $22bn worth of Hyundai Rotem tanks, K9 howitzers and Chunmoo rockets from Hanwha Aerospace, as well as FA-50 fighter jets from Korea Aerospace Industries. Last year Warsaw made a follow-up order for 180 more Rotem tanks worth $6.5bn.<\/p>\n<p>Korea\u2019s Polish deals are serving as a bridgehead into a re-arming Europe. Norway signed a $2bn contract for the firm\u2019s Chunmoo missile system this February, selecting it over the US\u2019s Himars. Estonia has also recently agreed to take \u20ac290m of Chunmoo rocket launchers.<\/p>\n<p>Hanwha Aerospace shares have risen from Won187,500 to Won1,435,000 over the past year. Armoured vehicle maker Hyundai Rotem is up more than sixfold over the same period and shares in fighter jet maker Korea Aerospace Industries have tripled.<\/p>\n<p>The success of Cheongung-II highlights how Korean defence companies increasingly operate as an ecosystem. A Cheongung-II battery consists of a radar, an engagement control station and four transporter-erector launchers. LIG Nex1 is responsible for the overall system as well as the interceptor missiles, while Hanwha Systems supplies the radar and Hanwha Aerospace \u2014 Korea\u2019s largest defence firm \u2014 provides the launchers.<\/p>\n<p>LIG Nex1 declined to comment. <\/p>\n<p><em>Additional reporting by Kang Bu-seong<\/em><\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.ft.com\/content\/658c8411-df02-4b5e-a69d-2029114e4ca1\" target=\"_blank\" rel=\"noopener\" rel=\"nofollow\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Unlock the Editor\u2019s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A South Korean missile defence specialist has emerged as a beneficiary of the US-Israel war on Iran, with demand for LIG Nex1\u2019s cheaper system pushing its shares higher and shining a spotlight on the country\u2019s [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":57775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[23],"tags":[],"class_list":{"0":"post-57774","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Iran war lifts K-defence company offering cheap Patriot rival | Prosfunds<\/title>\n<meta name=\"description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A South Korean missile defence\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=57774\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Iran war lifts K-defence company offering cheap Patriot rival | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A South Korean missile defence\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=57774\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-11T04:34:44+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-03-11T04:34:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2026\/03\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F02077a47-91cd-488a-80b9-f993f398e165.png\" \/>\n\t<meta property=\"og:image:width\" content=\"700\" \/>\n\t<meta property=\"og:image:height\" content=\"394\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=57774#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=57774\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"Iran war lifts K-defence company offering cheap Patriot rival\",\"datePublished\":\"2026-03-11T04:34:44+00:00\",\"dateModified\":\"2026-03-11T04:34:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=57774\"},\"wordCount\":736,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"Business\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=57774#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=57774\",\"url\":\"https:\/\/prosfunds.com\/?p=57774\",\"name\":\"Iran war lifts K-defence company offering cheap Patriot rival | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2026-03-11T04:34:44+00:00\",\"dateModified\":\"2026-03-11T04:34:47+00:00\",\"description\":\"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A South Korean missile defence\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=57774#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=57774\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=57774#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Iran war lifts K-defence company offering cheap Patriot rival\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Iran war lifts K-defence company offering cheap Patriot rival | Prosfunds","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A South Korean missile defence","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=57774","og_locale":"en_US","og_type":"article","og_title":"Iran war lifts K-defence company offering cheap Patriot rival | Prosfunds","og_description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A South Korean missile defence","og_url":"https:\/\/prosfunds.com\/?p=57774","og_site_name":"Prosfunds","article_published_time":"2026-03-11T04:34:44+00:00","article_modified_time":"2026-03-11T04:34:47+00:00","og_image":[{"width":700,"height":394,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2026\/03\/https3A2F2Fd1e00ek4ebabms.cloudfront.net2Fproduction2F02077a47-91cd-488a-80b9-f993f398e165.png","type":"image\/png"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=57774#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=57774"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"Iran war lifts K-defence company offering cheap Patriot rival","datePublished":"2026-03-11T04:34:44+00:00","dateModified":"2026-03-11T04:34:47+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=57774"},"wordCount":736,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["Business"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=57774#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=57774","url":"https:\/\/prosfunds.com\/?p=57774","name":"Iran war lifts K-defence company offering cheap Patriot rival | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2026-03-11T04:34:44+00:00","dateModified":"2026-03-11T04:34:47+00:00","description":"Unlock the Editor\u2019s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A South Korean missile defence","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=57774#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=57774"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=57774#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"Iran war lifts K-defence company offering cheap Patriot rival"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/57774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=57774"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/57774\/revisions"}],"predecessor-version":[{"id":57776,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/57774\/revisions\/57776"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/57775"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=57774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=57774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=57774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}