South Korea's defense industry doubles overseas orders

Government steps in to make 'high quality' arms competitive globally

20221125N South Korea defense 2

Hyundai Rotem has signed a deal to build 180 tanks for Poland. (Photo courtesy of the company)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- The South Korean defense industry has doubled orders from overseas compared with last year, underscoring the government's ambitions of transforming the country into an arms-exporting powerhouse.

President Yoon Suk-yeol visited Korea Aerospace Industries' (KAI) main production hub in Sacheon Thursday to hold a strategy meeting concerning how the public and private sectors can boost weapons exports.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.