[Featured Stocks] LIG Nex1 and Other Defense Stocks, Export Support Expectations Rise

Defense stocks, including LIG Nex1, are on the rise amid expectations for government export support policies.

As of 12:37 PM on the 2nd, LIG Nex1 is trading at 245,500 KRW, up 25,000 KRW (11.34%) from the previous close. The stock opened at 219,500 KRW but surged sharply shortly after the market opened.

At the same time, Hanwha Aerospace (9.34%), Hyundai Rotem (5.43%), and Hanwha Systems (4.65%) are also showing upward trends.

On the same day, the government announced in the '2025 Economic Policy Direction' that it will support 95 trillion KRW over five years from 2024 to 2028 for a super-large order special program in sectors such as construction, infrastructure, nuclear power, and defense. The original plan was to support 85 trillion KRW over five years, but the amount was increased by 10 trillion KRW due to the worsening external export environment. It is expected to provide preferential interest rates on loans related to super-large orders based on the legal capital of the Korea Export-Import Bank.

Regarding defense, the government stated it will foster it as a new export business. The government has allocated a record-high export support budget of 2.9 trillion KRW this year, up from 2.1 trillion KRW last year, and plans to establish defense funds through this budget.