South Korean defense firms could benefit from increased allied spending, but face competition and U.S. market risks
Then-U.S. President Donald Trump delivers a State of the Union address, Feb. 28, 2017 | Image: Trump White House
Former U.S. President Donald Trump’s potential return to the White House in 2024 could significantly impact the global defense industry, particularly for South Korean companies.
If re-elected, Trump’s critical stance on the North Atlantic Treaty Organization (NATO) and his “America First” approach to collective security arrangements could increase pressure on allies to boost defense spending, potentially shifting U.S. defense priorities and intensifying competition in the international arms market.
Former U.S. President Donald Trump’s potential return to the White House in 2024 could significantly impact the global defense industry, particularly for South Korean companies.
If re-elected, Trump’s critical stance on the North Atlantic Treaty Organization (NATO) and his “America First” approach to collective security arrangements could increase pressure on allies to boost defense spending, potentially shifting U.S. defense priorities and intensifying competition in the international arms market.
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.
SHARE
COPY LINK
X
MASTODON
