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South Korea Set to Triple Arms Exports in Two Years – Nikkei

The country’s arms exports are expected to top $10 billion this year, nearly triple the sales from 2020, Nikkei said


Poland will buy 48 South Korean-made light combat aircraft to strengthen its military due to the war in Ukraine, its defence minister said on Friday.
South Korea's FA-50 aircraft Photo: Korea Aerospace Industries.

 

South Korea is likely to see a tripling of its arms exports between 2020 and 2022, Nikkei Asia reported the Export-Import Bank of Korea saying.

The country’s arms exports are expected to top $10 billion this year, said the report, rising from $7 billion in 2021, and nearly three times the sales of 2020.

Read the full report: Nikkei Asia

 

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Alfie Habershon

Alfie is a Reporter at Asia Financial. He previously lived in Mumbai reporting on India's economy and healthcare for data journalism initiative IndiaSpend, as well as having worked for London based Tortoise Media.