Hyundai Rotem to Acquire Hyundai Wia's Artillery Division

Hyundai Rotem is preparing to acquire Hyundai Wia's defense division, Korea's sole large-caliber artillery maker producing gun barrels for K9 howitzers and main guns for K2 tanks. The deal would vertically integrate Hyundai Rotem's weapons production, adding CIWS-II naval close-in weapon systems and AI-based remote-controlled weapon stations to its portfolio. Hyundai Wia plans to pivot toward robotics and thermal management. Hyundai Rotem says the matter is "under review but nothing confirmed."