South Korea Wants to be World’s Fourth Arms Exporter

By Karsten Riise
Global Research, January 10, 2023
Region:
Theme:

All Global Research articles can be read in 51 languages by activating the Translate Website button below the author’s name.

To receive Global Research’s Daily Newsletter (selected articles), click here.

Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

***

South Korea wants to overtake the UK and Israel to become the world’s fourth biggest arms exporter.

With big arms contracts to both Poland and Saudi Arabia, South Korea is well underway expanding. See this.

Poland is right now making mega-purchases of tanks and other heavy stuff to become the US bulwark against Russia when Ukraine falls. South Korea is the main supplier. There is even talk about South Korea building up arms production in Poland to make Poland a new top-quality European arms exporter using South Korean technology to compete with Germany in heavy arms.

Saudi Arabia is the World’s biggest arms importer and Saudi Arabia is tired of being in the pocket of the USA. Both South Korea and China are taking shares from the US in that huge market.

UAE is also high on the list as arms market – South Korea already supplied their nuclear power plant.

Germany continues its self-destruction by buying F-35 aircraft, air defenses, and other key equipment from the US – instead of developing it with partners in Europe. France is losing export shares because the US keeps stealing it contracts for submarines etc. The UK bets on gathering the crumbs from US deals – but as the Australian submarine deal shows, the UK is being held out promises but deceived by the US.

India, another ambitious arms exporter, takes due notice.

*

Note to readers: Please click the share buttons above. Follow us on Instagram and Twitter and subscribe to our Telegram Channel. Feel free to repost and share widely Global Research articles.

Karsten Riise is a Master of Science (Econ) from Copenhagen Business School and has a university degree in Spanish Culture and Languages from Copenhagen University. He is the former Senior Vice President Chief Financial Officer (CFO) of Mercedes-Benz in Denmark and Sweden. She is a regular contributor to Global Research.

The original source of this article is Global Research
Copyright © Karsten Riise, Global Research, 2023

Comment on Global Research Articles on our Facebook page

Become a Member of Global Research

Articles by: Karsten Riise

Disclaimer: The contents of this article are of sole responsibility of the author(s). The Centre for Research on Globalization will not be responsible for any inaccurate or incorrect statement in this article. The Centre of Research on Globalization grants permission to cross-post Global Research articles on community internet sites as long the source and copyright are acknowledged together with a hyperlink to the original Global Research article. For publication of Global Research articles in print or other forms including commercial internet sites, contact: [email protected]

www.globalresearch.ca contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available to our readers under the provisions of "fair use" in an effort to advance a better understanding of political, economic and social issues. The material on this site is distributed without profit to those who have expressed a prior interest in receiving it for research and educational purposes. If you wish to use copyrighted material for purposes other than "fair use" you must request permission from the copyright owner.

For media inquiries: [email protected]