MNC Solutions Benefits from Export Surge

MNC Solution campus in Changwon. (Source: MNC Solution)

MNC Solutions, a local parts supplier, reported during its Q1 2025 earnings that its operating profit increased 413.2% YoY, having gone from KRW 1.9 billion (USD 1.3 million) in Q1 2024 to KRW 9.5 billion (USD 6.7 million).

MNC attributed this growth to its defense business, as the company is a key supplier for several big-ticket defense export items, such as the K-9 self-propelled howitzer, Chunmoo multiple launch rocket system (MLRS), and the AS-21 Redback infantry fighting vehicle.