Hyundai Rotem to acquire Hyundai Wia defense unit for 358.4 bln won

Hyundai Rotem, a defense affiliate of Hyundai Motor Group, will acquire Hyundai Wia's defense business for 358.4 billion won, consolidating the group's defense portfolio. The deal signals a strategic realignment within the group to strengthen its defense capabilities, likely in response to rising global defense demand. Financial details and regulatory approvals remain pending.