×
GreekEnglish

×
  • Politics
  • Diaspora
  • World
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Cooking
Monday
30
Mar 2026
weather symbol
Athens 14°C
  • Home
  • Politics
  • Economy
  • World
  • Diaspora
  • Lifestyle
  • Travel
  • Culture
  • Sports
  • Mediterranean Cooking
  • Weather
Contact follow Protothema:
Powered by Cloudevo
> World

South Korea has quietly become one of the world’s biggest weapons suppliers

South Korea has quietly become a favorite of arms buyers around the world, in the culmination of a decades-long effort to protect itself from North Korea

Newsroom November 10 09:43

The international arms trade has largely flowed West to East, with North American and European countries accounting for a whopping 87% of weapons exports from 2017 to 2021.

This year South Korea has shown it’s ready to change that.

Poland agreed this summer to purchase tanks, self-propelled howitzers and light attack planes from South Korea in deals worth $8.8 billion. The two countries topped it off last week with a $3.6 billion agreement for rocket launchers. It’s the first time that a NATO member other than Turkey has turned to defense contractors outside the alliance for major weapons systems.

South Korea has quietly become a favorite of arms buyers around the world, in the culmination of a decades-long effort to protect itself from North Korea by building an indigenous arms industry with economies of scale gained from big export sales. Among international weapons suppliers, the country climbed from 31st place in 2000 to become No. 8 in the period from 2017 to 2021, according to the Stockholm International Peace Research Institute (SIPRI). So far this year, it’s inked $17 billion in export contracts, up from a previous record of $7 billion in 2021, which was the first year South Korea’s export deals topped imports.

President Yoon Suk-yeol, who took office in May, set the goal last month of becoming one of the top four weapons sellers in the world. With Russia’s unprovoked invasion of Ukraine combined with China pushing its territorial claims in the South China Sea and continuing conflicts in the Middle East, South Korea will have every opportunity.

See Also:

Canadian PM Trudeau to take part in drag queen show (video)

>Related articles

Plevris: There is concern because we have been informed about 1 million people moving to Lebanon because of the war

Guilfoyle: We are increasing LNG flows from the US, via Greece, to SE Europe and Ukraine

Pierrakakis: We will exhaust every fiscal space so that no one is left unprotected

“It’s a gold rush period for arms producers,” SIPRI’s Siemon Wezeman tells Forbes. “The Koreans definitely are at the right time with the right technology.”

As European countries hike defense spending to counter the Russian threat and replace weapons they’ve sent to Ukraine, U.S. officials fret that American arms makers won’t be able to meet the demand due to supply chain snags and labor shortages. South Korean weapons makers stand ready to fill the gap with systems designed for joint operations with U.S. forces, making them easy to integrate with NATO.

Read more: Forbes

Ask me anything

Explore related questions

#analysis#arms#business#diplomacy#economy#europe#exports#market#marketing#military#NATO#politics#sales#science#South Korea#technology#trade#usa#weapons#world
> More World

Follow en.protothema.gr on Google News and be the first to know all the news

See all the latest News from Greece and the World, the moment they happen, at en.protothema.gr

> Latest Stories

The first AI camera “tickets” have been issued: 130 fines for running red lights & not wearing helmets from Saturday until today, 40,000 serious violations in one month

March 30, 2026

Plevris: There is concern because we have been informed about 1 million people moving to Lebanon because of the war

March 30, 2026

Guilfoyle: We are increasing LNG flows from the US, via Greece, to SE Europe and Ukraine

March 30, 2026

Pierrakakis: We will exhaust every fiscal space so that no one is left unprotected

March 30, 2026

“We are ready”: NASA plans the launch of the Artemis II mission for 1 April

March 30, 2026

Steve Bannon on the possibility of a US ground operation in Iran: ‘We will do what Alexander the Great did 2,300 years ago’

March 30, 2026

Passionate about the UFO issue, Vance says he has a theory that “aliens are demons”

March 30, 2026

Iran’s oil windfall amid war with the US & Israel: How it exports up to 2.8 million barrels daily and who keeps buying

March 30, 2026
All News

> Greece

The first AI camera “tickets” have been issued: 130 fines for running red lights & not wearing helmets from Saturday until today, 40,000 serious violations in one month

The fines have started being sent electronically to the offender’s mailbox on gov.gr, while for cases where this is not possible, they will be sent the…traditional way

March 30, 2026

Cyprus-Egypt agreement for deposits in “Kronos” and “Aphrodite”: Target exports to Europe by 2027-2028

March 30, 2026

Spyridon Louis: The water carrier who became a legend – His meeting with Hitler dressed in the Evzone traditional attire

March 30, 2026

The launch of 3 Greek ERMIS nanosatellites (updated)

March 30, 2026

“They died on their own—I didn’t report it because I was afraid they would take my house,” says son in Zografou; arrested for homicide (updated)

March 30, 2026
Homepage
PERSONAL DATA PROTECTION POLICY COOKIES POLICY TERM OF USE
Powered by Cloudevo
Copyright © 2026 Πρώτο Θέμα