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Reuters
Reuters
Business
By Joyce Lee and Josh Smith

Inside South Korea's race to become one of the world’s biggest arms dealers

A K-9 self propelled howitzer is seen at Hanwha Aerospace factory in Changwon, South Korea, March 16, 2023. REUTERS/Kim Hong-Ji

South Korea is using a $13.7 billion arms deal with Poland - Seoul's biggest ever - to lay the groundwork for a military-industrial juggernaut that the two nations' defence companies hope will feed Europe's hunger for weapons far into the future.

South Korea's arms sales jumped to more than $17 billion in 2022 from $7.25 billion the year before, according to its defence ministry, as Western countries scrambled to arm Ukraine and tensions rose in other hot spots such as North Korea and the South China Sea.

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