South Korea Wants to be World's Fourth Arms Exporter

South Korea Wants to be World’s Fourth Arms Exporter

By Karsten Riise
Global Research, January 10, 2023

Url of this article:
https://www.globalresearch.ca/south-korea-wants-world-fourth-arms-exporter/5804183

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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.

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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.

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