SEOUL -- The Japanese and South Korean defense industries are growing rapidly, with a survey by the Stockholm International Peace Research Institute (SIPRI) showing their sales surged by nearly 40% in 2023 from a year earlier.
Aerospace & Defense Industries
South Korea and Japan arms industries grow nearly as fast as Russia's
SIPRI study credits nearly 40% increase to bigger defense budgets and exports
Mitsubishi Heavy Industries is rapidly expanding its defense business, including increased production of missiles for the Japan Self-Defense Forces. (Photo from the Ground Self-Defense Force website)
Read Next
Latest on Aerospace & Defense Industries
