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South Korean defence industry rides global order wave

After decades of preparation for war with North Korea, the country has become a top 10 defence exporter since the start of Ukraine conflict

When South Korean arms companies secured a package of deals from the Polish government last year worth almost $14bn, it heralded a new era for the country’s defence industry.

Decades of preparation for war with North Korea have helped the East Asian country to emerge as one of the world’s top 10 defence exporters, with artillery producer Hanwha Aerospace, tank producer Hyundai Rotem and fighter jet producer Korea Aerospace Industries leading the charge.

“We are one of the few companies in the world that can deliver conventional weapons systems quickly and efficiently,” said Hanwha Aerospace executive vice-president Kim Dae-young.

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