[Stock in Focus] KORCHIP Technology Up 6% as Middle East War Continues, Defense Stocks Surge

As the war in the Middle East continues, shares of KORCHIP Technology, a company specializing in embedded systems for defense, are showing strong performance in early trading.

At 9:52 a.m. on March 9, 2026, KORCHIP Technology was trading at 23,250 won, up 6.65% (1,450 won) from the previous day. KORCHIP Technology rose as high as 24,100 won in early trading.

KORCHIP Technology provides solutions or systems that are additionally integrated to perform specific tasks in certain products and solutions. Its main products include single-board computers for weapon systems, military displays, computer devices for weapon systems, and weapon system solutions. These are installed in mobile weapon systems such as the K2 tank and wheeled armored vehicles, naval weapon systems, and artillery weapon systems.

The company supplies integrated vehicle control computers, computer devices, military displays, and single-board computers for the K2 tanks produced by Hyundai Rotem. Hyundai Rotem signed a contract to export K2 tanks to Poland worth approximately 4.5 trillion won and delivered 180 units by last year. In August of last year, the company also signed a second-phase contract for K2 tanks worth about 9 trillion won. There is also speculation that export destinations for the K2 tank may be expanded to the Middle East and other regions.

Lee Sangheon, a researcher at iM Securities, stated, "In this environment, with the second K2 tank supply contract to Poland and the fourth round of domestic K2 tank production, the orders KORCHIP Technology received last year are expected to be reflected in sales starting this year, leading to full-scale sales growth. On the other hand, the company has also received orders related to exports of the Cheongung-II system produced by LIG Nex1 and export orders for Cheongung-II to Iraq. This year, export orders for Cheongung-II to Saudi Arabia and Iraq are expected to become visible."

This content was produced with the assistance of AI translation services.