South Korea earns over $17 billion from arms sales

Last year, South Korea’s arms exports rose 140 percent to a record $17.3 billion, including deals worth $12.4 billion to sell ​tanks, ​howitzers, ​fighter jets, and multiple rocket launchers to Poland, the New York Times said.

But as South Korea expands weapons sales globally, it has refused to send lethal assistance to Ukraine itself. Instead, it has focused on filling the world’s rearmament gap while resisting any direct role in arming Ukraine, imposing strict export control rules on all its sales.

From 2017 to 2021, South Korea was the fastest-growing among the world’s top 25 arms exporters, ranking No. 8 with a 2.8 percent share of the global market, according to the Stockholm International Peace Research Institute.





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