[풍산 승계 딜레마]④ 방산부문 매각, '밸류에이션 상승 제한' 역설

The potential divestiture of Poongsan's defense unit highlights a significant governance risk where succession issues hinder corporate valuation despite a global defense super-cycle. This situation illustrates how regulatory constraints on foreign ownership in national security assets can force strategic shifts that conflict with market performance and shareholder value.