South Korea’s rapid advancement in arms trade brings new competitive pressures to the European defense industry
As Europe grapples with conflict on its eastern borders, South Korea’s arms industry has stepped up, challenging the established European defense industries.
However, this surge in South Korea’s arms exports is causing a stir in the European defense market. This development has elicited mixed reactions: while some industry players in Europe see room for a new entrant, others are concerned about the potential impact on their businesses, highlighting broader systemic issues within the continent’s defense sector.
As Europe grapples with conflict on its eastern borders, South Korea’s arms industry has stepped up, challenging the established European defense industries.
However, this surge in South Korea’s arms exports is causing a stir in the European defense market. This development has elicited mixed reactions: while some industry players in Europe see room for a new entrant, others are concerned about the potential impact on their businesses, highlighting broader systemic issues within the continent’s defense sector.
Get 30 days
of free access to
KoreaPro
-
Full access to all analysis
-
The KOREA PRO newsletter, every business day
-
Daily analysis on the top story of the day
-
The ability to suggest topics for coverage by our specialist team
Be smart about South Korea
Get full access to expert analysis and opinion.
Start
now
No charges during your trial. Cancel anytime. A paid subscription will start after 30 days.
© 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.