South Korea Emerges as Key Weapons Supplier with Speed and Cost Advantages

Hanwha Aerospace's traditional ground weapons gain global demand amid Ukraine war, positioning South Korea as a competitive player in the defense industry.

• Hanwha Aerospace's annual export revenue from weaponry increased elevenfold to $1.1 billion in two years.
• The company can produce its K9 howitzer in about 180 days, significantly faster than competitors.
• Poland, Egypt, and Australia are among the countries purchasing Hanwha's weapons.
• South Korea's defense industry benefits from ongoing regional threats and stable domestic demand.
• Hanwha plans to expand into sixth-generation fighter jet engines while maintaining focus on traditional arms.

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