{"id":221200,"date":"2023-12-20T00:00:00","date_gmt":"2023-12-20T00:00:00","guid":{"rendered":"http:\/\/taiwannewswire.com\/?guid=ce128e6632d61656b62331f8f27014d7"},"modified":"2023-12-20T00:00:00","modified_gmt":"2023-12-20T00:00:00","slug":"s-koreas-arms-exports-amount-to-nearly-14-bln-in-2023","status":"publish","type":"post","link":"https:\/\/taiwannewswire.com\/s-koreas-arms-exports-amount-to-nearly-14-bln-in-2023\/","title":{"rendered":"S. Korea’s arms exports amount to nearly $14 bln in 2023"},"content":{"rendered":"

SEOUL, South Korea’s arms exports in 2023 decreased from a record high last year, but the number of importers rose thanks to robust demand for advanced Korean weapons, the defense ministry said Wednesday.<\/p>\n

South Korean firms signed weapons deals worth nearly $14 billion this year, a defense ministry official said, without providing a specific amount as the official data is not yet available.<\/p>\n

This year’s estimated figure was down from a record high of $17.3 billion last year, which was helped by mega deals in Poland, which accounted for 72 percent of the total.<\/p>\n

Last year, Poland signed $13 billion worth of deals with Korean firms to buy K-2 tanks, K-9 self-propelled howitzers, FA-50 light attack aircraft and K-239 Chunmoo multiple rocket launchers to bolster its defenses amid the Russia-Ukraine war.<\/p>\n

The number of importers tripled to 12 and the types of weapons systems doubled to 12 this year, according to the ministry.<\/p>\n

Earlier this month, Hanwha Aerospace cinched a $2.4 billion contract to sell 129 Redback infantry fighting vehicles to Australia. In February, Korea Aerospace Industries struck a $920 million contract to sell 18 FA-50 light attack aircraft to Malaysia.<\/p>\n

Seoul officials anticipated the amount to break the previous record to over $20 billion next year when the second round of weapons deals with Poland are finalized, with negotiations currently under way.<\/p>\n

South Korea aims to carve out a 5 percent share of the global arms export market by 2027 to become the world’s fourth-largest defense exporter.<\/p>\n<\/p>\n

Source: Yonhap News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

SEOUL, South Korea’s arms exports in 2023 decreased from a record high last year, but the number of importers rose thanks to robust demand for advanced Korean weapons, the defense ministry said Wednesday.South Korean firms signed weapons deals worth n…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nS. Korea's arms exports amount to nearly $14 bln in 2023 - Taiwan Newswire<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/taiwannewswire.com\/s-koreas-arms-exports-amount-to-nearly-14-bln-in-2023\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"S. 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