4 Korean Companies Rank in the Top 100 of the World’s Best Defense Firms

The Korean defense industry has definitely come a long ways the past 25 years:

Defense News released the list of the top 100 defense firms, including Hanwha, LIG Nex1, Hyundai Rotem and Korea Aerospace Industries (KAI). Four American firms, Lockheed Martin, RTX, General Dynamics and Northrop Grumman, took the top four spots.

Hanwha ranked 16th with its 2025 defense revenue totaling about US$10.44 billion, up from 22nd place in last year’s list.

LIG Nex1 took 52nd place with defense

revenue totalling about US$3.03 billion, up from 53rd place, while Hyundai Rotem ranked 61st, up from 67th place. KAI ranked 74th, down from 62nd place.

Yonhap

You can read more at the link.