South Korea K-2 tanks
South Korean K2 tanks during the live-fire drill in Gyeonggi-do on February 11, 2015.
  • South Korea's defense industry has seen meteoric growth in recent years.
  • Countries are spending more on defense, and Seoul's affordable, high-quality hardware is in demand.
  • South Korea's president has said that he wants to make it the world's fourth-largest arms exporter.

A growing sense of instability in the year since Russia attacked Ukraine has prompted multiple countries to increase their defense spending, and the global defense industry is now set to break records in sales and growth.

No country is better positioned to benefit from this than South Korea. Its defense sector has seen meteoric grown in recent years, setting records for foreign sales in both 2021 and 2022.