South Korean arms industry grows amid global demand

Financial Times

South Korean arms companies secured deals worth almost $14bn from Poland, propelling the country into the top 10 global defense exporters. Russia's invasion of Ukraine drove demand for Korean arms, with Hanwha Aerospace's shares doubling. South Korea's niche marketing strategy and state support have raised concerns among Western defense officials. However, challenges in finalizing deals with Poland and Indonesia highlight the need for a long-term approach. The Korean model benefits both Korea and importing countries.


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