The three big drivers of the South Korean defense industry



Analysis The three big drivers of the South Korean defense industry Seoul may very well succeed in goal of making ROK a top 4 global weapons exporter — if it can overcome supply issues John LeeNovember 28, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON South Korean President Yoon Suk-yeol on a tour of a ROK defense company, Nov. 24, 2022 \| Image: The Presidential Office Last week, President Yoon Suk-yeol pledged to build South Korea’s weapons industry into the world’s fourth-largest arms exporter, calling defense a “new future growth engine” for the national economy and the pivot point for the high-tech industry. “With the intensifying competition for technological supremacy, we need to secure technological competitiveness to develop game-changing weapon systems for future wars,” he said during a meeting at the Korea Aerospace Industries. South Korea’s arms exports have risen dramatically in a few short years, driven by an uncertain international security environment. South Korea successfully negotiated its largest arms deal with Polandearlier this year, © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. LATEST ANALYSIS 01Trump’s Alaska LNG claim shows who really runs the US-South Korea alliance 02South Korea’s missile defense push raises new questions over wartime stocks 03South Korea bank hacks expose weak links beyond core financial systems 04Lee-Zelensky feud exposes South Korea’s widening Ukraine policy dilemma 05Lee Jae Myung’s ‘pacemaker’ strategy tests South Korea’s leverage with Trump 06Trump’s Korea investment victory lap masks safeguards Seoul still controls 07North Korean POW dispute tests Seoul-Kyiv trust and future Ukraine policy 08South Korea’s CPTPP push exposes the cost of turning trade gains into consensus

Analysis

The three big drivers of the South Korean defense industry

Seoul may very well succeed in goal of making ROK a top 4 global weapons exporter — if it can overcome supply issues

John LeeNovember 28, 2022

The three big drivers of the South Korean defense industry

South Korean President Yoon Suk-yeol on a tour of a ROK defense company, Nov. 24, 2022 | Image: The Presidential Office

Last week, President Yoon Suk-yeol pledged to build South Korea’s weapons industry into the world’s fourth-largest arms exporter, calling defense a “new future growth engine” for the national economy and the pivot point for the high-tech industry.

“With the intensifying competition for technological supremacy, we need to secure technological competitiveness to develop game-changing weapon systems for future wars,” he said during a meeting at the Korea Aerospace Industries.

South Korea’s arms exports have risen dramatically in a few short years, driven by an uncertain international security environment. South Korea successfully negotiated its largest arms deal with Polandearlier this year,

The three big drivers of the South Korean defense industry

LATEST ANALYSIS

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John Lee