South Korea Aims to Become World’s 4th Largest Arms Exporter
New Analysis
The Russia-Ukraine war has shaken the global arms industry as nations bulk up defense budgets to expand their militaries.
Amid an intensified global arms race, South Korea is seeking to become one of the world’s top four weapons suppliers.
“By entering the [list of the] world’s top four defense exporters after the United States, Russia, and France, the defense industry will become a strategic industrialization and a defense powerhouse,” President Yoon Suk-yeol said in a speech on Aug. 17, marking his first 100 days in office.
This year, the country has inked massive arms deals with the United Arab Emirates (UAE), Poland, Egypt, and others….