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Analysis Geopolitical risks lurk as South Korea ramps up arms exportsROK’s defense industry elevates economy but also forces Seoul into difficult positions between neighbors and partners The Yoon administration is prioritizing South Korea’s world-class defense production capabilities as a cornerstone of the nation’s economy, with the goal of positioning Seoul as the fourth-largest global arms exporter. While this endeavor has successfully attracted European customers, it has also drawn attention to some restrictions on Seoul’s arms sales. On one hand, Seoul’s Western partners are urging the Yoon administration to play a more active role in arming Ukraine against Russia’s invasion. Conversely, Russia has threatenedSouth Korea should it decide to get involved. This situation presents Seoul with a crucial decision, though it may not be as complex © Korea Risk Group. All rights reserved. |





