South Korea is cashing in on NATO's standoff with Russia

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South Korea is cashing in on NATO's standoff with Russia
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Seoul has stepped up its defense exports, committing to breaking into the world's top four arms sellers by 2027.

South Korea's defense exports will increase up to 87 percent from 2021 in the next four years as it solidifies its position as a major arms producer, according to a new report.

Seoul has quickly stepped up its arms exports, moving to become a big name in arms selling as the war in Ukraine fuels demand for military equipment and weapons. However, South Korea has refused to directly supply lethal weapons to Ukraine, opting to send humanitarian assistance and other military supplies for Kyiv's war effort.

"By entering the world's top four defense exporters after the United States, Russia, and France, the [South Korean] defense industry will become a strategic industrialization and a defense powerhouse," Yoon said last summer. In September 2022, Poland signed a deal with South Korea to buy 48 FA-50 light attack aircraft, to be delivered by 2028. The FA-50 jets will fill the gaps in Poland's air force after Warsaw decommissioned its Soviet-era jets, the South Korean defense ministry said in mid-June.

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