Increasing Global Recognition of 'K-Defense'

South Korea's defense companies, shaped by a prolonged confrontation with North Korea, are increasingly seeking international business opportunities, earning the country a reputation for swift order fulfilment amid global backlogs. President Yoon Suk Yeol terms this as 'K-defense.' Hanwha Aerospace, which secured a contract last year with Australia to supply 129 Redback infantry fighting vehicles, has demonstrated that Korean defense companies are gaining global recognition.

Currently holding the position of the world's ninth-largest arms exporter, South Korea has experienced a 74% increase in export volumes over the five years from 2018 to 2022. President Yoon aims to elevate South Korea to the fourth spot globally in arms exports by 2027, highlighting the nation's growing prominence in the international arms trade.

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