South Korean ammo maker Poongsan taps into European demand

Company plans to expand capacity, gain NATO certification to win more orders

20230518  Poongsan

Analysts say South Korean ammunition maker Poongsan is seeing increasing demand in Europe amid the war in Ukraine. © AFP/Jiji

KIM JAEWON, Nikkei staff writer

SEOUL -- A top South Korean ammunition maker is increasing supplies to Europe, analysts say, as countries on the continent, particularly Poland, deplete their reserves in support of Ukraine's efforts to fight invading Russian forces.

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