Aerospace & Defense Industries
South Korea triples arms exports in 2 years on tailored sales pitches
Seoul's longtime push to curb dependence on U.S. bolsters defense industry
An anti-tank missile is fired during an exercise at the Defense Expo Korea on Sept. 20. South Korea exports tanks, howitzers and other conventional weaponry to countries like Poland.
SEOUL -- South Korea is climbing the ranks of the world's top defense exporters, propelled by its ability to focus on the unique security challenges facing each potential buyer.
The country's defense exports doubled in 2021 to $7 billion, the Export-Import Bank of Korea reports. They are expected to top $10 billion this year, nearly triple the figure from 2020.
Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.
Celebrate our next chapterFind out more
Free access for everyone - Sep. 30