South Korea over the past two decades has really ramped up the export potential of their defense industry and it is paying off now as the world rearms due to Russian aggression and Chinese expansionism:
![The Korean 4.5-generation fighter jet KF-21 makes its first maiden flight in Sacheon, South Gyeongsang, in July 2022. [DEFENSE ACQUISITION PROGRAM ADMINISTRATION]](https://i0.wp.com/koreajoongangdaily.joins.com/data/photo/2023/05/01/511d8409-9251-4d07-a2ad-ff24d849bc1f.jpg?w=640&ssl=1)
The Korean 4.5-generation fighter jet KF-21 makes its first maiden flight in Sacheon, South Gyeongsang, in July 2022. [DEFENSE ACQUISITION PROGRAM ADMINISTRATION]
U.S. allies and security partners worldwide looking to re-stock their arsenals are increasingly turning to Korean defense companies to procure weapons.
Korea signed defense export contracts worth a cumulative $17 billion in 2022, representing a 242 percent increase in a single year and making the country the eighth-largest weapons exporter in the world.
The growth in Korean defense exports, which made up 2.8 percent of a global arms exports market dominated by the United States, Russia, France and China, is all the more remarkable given the late start of the Korean weapons industry compared to the big players.Rising Korean defense exports also more broadly signal the country’s growing capacity and will to supply arms to other U.S. allies in the face of rising military threats posed by Russia and China in Europe and the Indo-Pacific region.
Joong Ang Ilbo
Korea’s potential as a source of advanced military hardware at a time when countries are still ramping up defense production became apparent in December 2021, when Australia inked a $730-million contract with Hanwha Defense for 30 K-9 self-propelled artillery howitzers and 15 armored ammunition resupply vehicles, and again in July, when Poland announced that it had signed contracts worth an estimated $14 billion for K-2 battle tanks, K-9 howitzers and FA-50 light attack aircraft from Korea.
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