South Korea’s defense industry, known domestically as “K-Bangsan,” is emerging as a major global player. Defense exports (in terms of orders) have skyrocketed in recent years, having exported a total of $38 billion from 2021 to 2023 ($7.3 billion in 2021, $17.3 billion in 2022, and $13.5 billion last year). That comes to an annual…
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KEI Contributor – Jang Won Joon
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