South Korea is striving to become the world’s largest arms dealer, with its speedy turnaround and delivery.
South Korea is using a $13.7 billion arms deal with Poland, Seoul’s biggest ever – to lay the groundwork for a military-industrial juggernaut that the two nations’ defence companies hope will feed Europe’s hunger for weapons far into the future.
According to reports, with the signing of this big contract between Seoul and Poland, the two countries hope will feed Europe’s hunger for weapons far into the future.
Kyeahwan Oh, the director of one of South Korea’s arms companies, announced the increase in the country’s production and said that the buying countries can get the weapons they need at a low price and as soon as possible.
“The Czech Republic, Romania, Slovakia, Finland, Estonia, Latvia, Lithuania, and others were thinking of buying defence products only in Europe, but now it is more well known that you can buy at a low price and have it delivered quickly from Korean companies,” said Oh Kyeahwan, a director at Hanwha Aerospace who was involved in the Poland deal.
According to the Ministry of Defense of South Korea, South Korea’s arms sales jumped to more than $17 billion in 2022 from $7.25 billion the year before, according to its defence ministry, as Western countries scrambled to arm Ukraine and tensions rose in other hot spots such as North Korea and the South China Sea.
Meanwhile, Oskar Pietrowicz, a senior analyst at the Institute of International Relations from Poland, said that South Korea’s offer to provide weapons faster than any other country is one of the most key considerations in the current world situation.
“According to the limited production capacity of Germany’s defence industry, Poland’s interest in South Korea’s offer increases, as it is the main supplier of weapons in the region. For example, in 2018, Hungary ordered 44 Leopard tanks from Germany, but so far it has not been delivered to this country.”
A close relationship between South Korea’s military and its arms industry allows them to rearrange domestic orders to make room for export production and expand production in the country’s highly industrialized manufacturing base, officials said.Follow TKG on Twitter & Facebook