Hanwha Aerospace Co. from South Korea has become the top-performing defense stock globally, with investors anticipating an increase in weapon purchases due to potential shifts in security alliances under US President Donald Trump. Hanwha group, its parent company, plans to take advantage of this trend by selling shares of its weapons unit to fund expansions and international ventures. The soaring stock prices of Hanwha Aerospace and its competitor Hyundai Rotem in Asia reflect the growing interest in defense stocks, particularly in South Korea where companies are crucial for military readiness against North Korea. The company's recent deal to supply self-propelled howitzers to Poland and expectations of overseas growth have boosted its market value significantly. However, concerns have been raised by both regulators and investors regarding the company's aggressive expansion plans, including a recent record-breaking rights offering. Some shareholders are also questioning the company's governance, particularly following its decision to acquire a stake in a shipping unit from affiliates linked to the chairman’s family.