South Korea’s Emergence as a Defense Industrial Powerhouse
In recent years, South Korea’s ascent in the global arms market has been remarkable. This surge, particularly amid a shifting geopolitical landscape and the ongoing Ukraine-Russia War, has captured the attention of security watchers worldwide.
This paper delves into the intricacies of the South Korean defense industry’s rapid emergence, wherein arms sales skyrocketed to 17.3 billion USD in 2022, and provides an in-depth analysis of its portfolio, capacity, and the rationales guiding its development over the last five decades. It explores how South Korea has capitalized on critical opportunities, including overcoming steep barriers to entry to major contracts with Central and Eastern European countries, especially Poland. It sheds light on South Korea’s competitive technologies, mass production capacity, and cost-effectiveness, and addresses the crucial role played by the government’s diplomatic support and coordination with key allies and partners. Against that backdrop, it concludes with some implications for the global defense industry and security architecture.
Download the full analysis
This page contains only a summary of our work. If you would like to have access to all the information from our research on the subject, you can download the full version in PDF format.
South Korea’s Emergence as a Defense Industrial Powerhouse
Author(s)
Related centers and programs
Discover our other research centers and programs
Center for Asian Studies
Asia is a nerve center for multiple global economic, political and security challenges. The Center for Asian Studies provides documented expertise and a platform for discussion on Asian issues to accompany decision makers and explain and contextualize developments in the region for the sake of a larger public dialogue.
The Center's research is organized along two major axes: relations between Asia's major powers and the rest of the world; and internal economic and social dynamics of Asian countries. The Center's research focuses primarily on China, Japan, India, Taiwan and the Indo-Pacific, but also covers Southeast Asia, the Korean peninsula and the Pacific Islands.
The Centre for Asian Studies maintains close institutional links with counterpart research institutes in Europe and Asia, and its researchers regularly carry out fieldwork in the region.
The Center organizes closed-door roundtables, expert-level seminars and a number of public events, including an Annual Conference, that welcome experts from Asia, Europe and the United States. The work of Center’s researchers, as well as that of their partners, is regularly published in the Center’s electronic journal Asie.Visions.
Find out more
Discover all our analyses
China's key role in critical mineral value chains
China today holds a dominant position in critical mineral value chains, from extraction to processing and downstream technologies. Built on decades of industrial policy, this supremacy gives Beijing significant leverage over global supply security, particularly for the European Union.
Expanding SPDMM as a pivotal institution in the Pacific – A French perspective
The South Pacific Defence Ministers’ Meeting (SPDMM) is the only forum that brings together defense ministers from the wider South Pacific — including Chile, which is hosting it for the first time. This heterogeneous group of countries with varying resources, capacities, and interests — Australia, Chile, Fiji, France, New Zealand, Papua New Guinea (PNG), and Tonga — are united by their shared determination to strengthen cooperation on maritime security and humanitarian assistance and disaster relief (HADR) activities.
EU’s Derisking From China: A Daunting Task
With economic security as a major concern, the EU has recently turned to “derisking” from China. The EU strategy entails reducing critical dependencies and vulnerabilities, including in EU supply chains, and diversifying where necessary, while recognizing the importance and need to maintain open channels of communication.
Sri Lanka’s NPP Government. From System Change to Structural Compliance
In September 2024, a relative outsider to Sri Lanka’s two-party-dominated political system, Anura Kumara Dissanayake, won the presidential elections. The anti-establishment, populist movement he represented, the National People’s Power (NPP), went on to receive an overwhelming mandate in the November 2024 general elections, winning 159 seats in a 225-member parliament.