South Korea’s share of global arms exports nearly tripled to 2.8 per cent from 1 per cent. Photo: AP
South Korea’s share of global arms exports nearly tripled to 2.8 per cent from 1 per cent. Photo: AP
South Korea

South Korea emerges as fastest-growing arms exporter in the world

  • The nation hit an arms exports record high of more than US$7 billion dollars last year – 177 per cent higher during 2017-21 than in 2012-16 period
  • Now eighth largest exporter globally, and Asia’s second after China – The Philippines and Indonesia are the two biggest buyers of its weapons

South Korea’s share of global arms exports nearly tripled to 2.8 per cent from 1 per cent. Photo: AP
South Korea’s share of global arms exports nearly tripled to 2.8 per cent from 1 per cent. Photo: AP
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