ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Aerospace & Defense

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.   © Reuters

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.

Sponsored Content

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

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more