INSIGHT: NORTHEAST ASIA - South Korea aims to grow arms exports as defence sector

OCTOBER 31, 2023 INSIGHT: NORTHEAST ASIA South Korea aims to grow arms exports as defence sector booms THE TAKEAWAY IN BRIEF From October 17 to 22, the deafening roar of the KF-21, In the opening speech of the Seoul International South Korea’s homegrown fighter jet, dominated the Aerospace and Defense Exhibition (ADEX) 2023, Yoon skies at ADEX 2023, one of Asia’s largest aerospace and identified t. [...] for South Korea’s future growth, pledging to elevate The KF-21’s speed and acrobatics — observed, in one the country to the world’s fourth-largest global arms notable demonstration, by South Korean President exporter by 2027, behind only the U. [...] The escalation in South Korea’s arms trade has represent a resounding affirmation of South Korea’s sparked both high expectations for its potential to dedication and strategic foresight in nurturing its bolster the national economy, security, and technological defence industry, a critical pillar in the country’s advancement, and ethical and ideological concerns. [...] The Russian invasion of Ukraine and various tensions in the Middle East have precipitated significant growth in South Korea’s aerospace and defence industry, allowing the country to grow into a powerful player in the international arms market. [...] At the time, members of the country's military were under international The rise of South Korea’s defence industry has caught sanctions for their roles in repressing Myanmar's the attention of established arms exporters, prompting Rohingya minority.