The Defence Technological and Industrial Bases is indispensable for maintaining peace and security. After all, it provides an armed force with services and equipment. If it does not, the armed forces are left hobbled. This also applies to the Dutch armed forces. Nevertheless, the defence and security sector is experiencing difficulties in accessing private finance. Referring to Environmental, Social and Governance (ESG) criteria, companies in the sector would not be able to access private financing from pension institutions, insurers and financial service providers. Because of the same criteria, the sector is experiencing difficulties in opening accounts with private banks. Below is summary on the current state of the issue.

Poongsan participates in the defense industry based on its production technology for copper and copper alloy products, which are the basic materials for ammunition, and has large-scale dedicated production lines for each type of ammunition at its Angang and Busan plants, supplying everything from 5.56mm small-diameter ammunition to 155mm howitzer shells for the military. We develop and supply all types of ammunition for use. Poongsan has an integrated production system that not only procures materials and parts such as new ammunition, propellants, and links, but also fills and assembles gunpowder, thereby achieving high competitiveness in quality, price, and delivery. Poongsan produces ammunition of various types and calibers, including anti-aircraft shells, mortar shells, howitzer shells, tank shells, recoilless rifle shells, naval artillery shells, and aviation shells. In particular, in recent years, new types of ammunition have been developed, such as anti-tank ammunition with improved penetration, range extender ammunition with dramatically extended range, Goal Keeper ammunition used in Korean destroyers, and dual-purpose ammunition that can suppress tanks and multiple troops at the same time. We are also achieving great results in improving the performance of conventional ammunition. Additionally, MLRS (Multiple Launch Rocket System) and are responsible for the production of combined warheads including submunitions, which are key components. Poongsan operates an independent quality control organization separate from the production division, and in particular, has a perfect quality assurance system, with each process and lot undergoing strict inspection by a government inspection agency. Poongsan will continue to contribute to independent national defense by improving the performance of existing ammunition based on a consistent production system and advanced quality control system, and by promoting continuous research and development of advanced precision ammunition in line with the changing trends of modern warfare, which is becoming more advanced due to scientific development. It will.

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