The ongoing conflict in Ukraine has stimulated South Korea’s arms export industry, as countries backing Kyiv seek to replenish their armaments from Seoul. Despite calls from NATO Secretary-General Jens Stoltenberg to reconsider, South Korean President Yoon Suk Yeol has declined to provide lethal aid directly to Kyiv, citing a law that prohibits the country from doing so during a conflict.
South Korea’s position as a global arms supplier has been elevated by its rapid growth as the world’s fastest-growing arms exporter over the past five years, according to the Stockholm International Peace Research Institute. Despite being the eighth-largest exporter, with 2.8% of global exports, its share of the global arms market is still small compared to countries like the U.S. and Russia.
European countries are increasingly looking to South Korea as their preferred weapons supplier, as the country can deliver arms faster than its allies. Its defense industry has been expanding its production capabilities in response to the threat from North Korea and has established overseas manufacturing facilities with quick turnaround times.
This has resulted in the U.S. striking a confidential deal with South Korea to purchase artillery shells destined for Ukraine, with the U.S. agreeing to deliver the weapons on behalf of Seoul.
In conclusion, the escalating conflict in Ukraine has led to increased pressure on South Korea to supply weapons directly to Kyiv, however, the country has declined to do so due to domestic laws. Nevertheless, South Korea’s rapid growth as a global arms exporter and its ability to deliver weapons faster than its allies has resulted in it becoming a sought-after supplier for many European countries.
