South Korean defense firms must deliver more than speed to compete in Europe’s localization-first rearmament strategy
OK Navy and Marines conduct a drill at Pohang, North Gyeongsang Province, Oct. 26, 2022 | Image: ROK Ministry of National Defense
Europe’s Readiness 2030 plan presents a strategic opportunity and test for South Korea’s defense industry, as the European Union (EU) moves to rearm under loosened fiscal rules while prioritizing localization, autonomy and political cohesion.
The European Commission’s Readiness 2030 white paper, initially dubbed ReArm Europe, outlines a sweeping proposal to strengthen the continent’s defense capabilities in light of Russia’s invasion of Ukraine and deepening uncertainty over U.S. security commitments.
Europe’s Readiness 2030 plan presents a strategic opportunity and test for South Korea’s defense industry, as the European Union (EU) moves to rearm under loosened fiscal rules while prioritizing localization, autonomy and political cohesion.
The European Commission’s Readiness 2030 white paper, initially dubbed ReArm Europe, outlines a sweeping proposal to strengthen the continent’s defense capabilities in light of Russia’s invasion of Ukraine and deepening uncertainty over U.S. security commitments.
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