South Korean Defense Stocks Soar Up to 30% Amid US-Iran Conflict

• South Korean defense stocks surged as high as 30% on Tuesday, driven by the ongoing US-Iran conflict.
• Major players like Hanwha Aerospace, Korea Aerospace Industries, and Lignex1 saw significant gains.
• Lignex1, a maker of air defense systems, soared 30%, while Victek and Firstec also gained over 20%.
• The sector outperformed the broader KOSPI index, which was down over 2%.
• South Korea aims to become the fourth-largest global defense industry by 2030, boosted by recent orders from Poland and Romania.