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Exchange Traded Concepts (ETC) has launched the PLUS Korea Defense Industry Index ETF (KDEF) on the U.S. market in partnership with Hanwha Asset Management. The ETF aims to track the performance of companies in Korea's defense sector, mirroring the methodology of the PLUS K-Defense Fund already established in Korea.
The KDEF ETF focuses on a curated index of companies involved in defense manufacturing, technology, and services that are vital to national security and global competitiveness. This launch represents an expansion of Hanwha's existing defense sector ETF product into the U.S. market, providing American investors with direct exposure to Korea's defense industry through NYSE Arca.
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