South Korea joins ranks of fastest-growing arms suppliers

This is happening against the backdrop of major conflicts that have generated demand for armaments, as well as statements by the administration of U.S. leader Donald Trump about reducing U.S. security commitments to NATO countries.

Stockholm International Peace Research Institute (SIPRI) data was shared by Politico.

According to its information, South Korea became the second largest supplier of weapons to European NATO members, behind the United States. Poland is among those showing particular interest in purchasing Korean armaments. In 2022, it concluded a deal with South Korea worth $13.7 billion, acquiring K2 tanks, missile launchers, artillery, and more.

The publication notes that one of the reasons countries choose South Korea as an arms supplier is Seoul's ability to produce quickly. This is due to the long period of confrontation between South Korea and North Korea, as a result of which defense companies are constantly ready to quickly provide the country with the necessary armaments. In addition, the position of Seoul in the Ukrainian and Middle East conflicts is important for European states. Another reason is the affordability of Korean weapons, Politico claims.

Researchers predict that in 2026, the combined revenue of South Korea's four largest defense companies — Hanwha Group, Hyundai Rotem, LIG Nex1, and Korea Aerospace Industries — will amount to about $37 billion, almost four times more than in 2021.