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South-east Asia is growing arms market for South Korea

Content type:: Expert Briefings
Location:: SOUTH-EAST ASIA
Keywords associated with this article:: Geographic: South-east Asia AP South Korea Cambodia China Europe France Germany Indonesia Myanmar North Korea Philippines Russia Singapore Thailand Ukraine United States Vietnam

Topical: economy industry international relations arms defence foreign trade government manufacturing military sanctions security shipbuilding shipping technology fiscal prices public sector war foreign policy
ISSN:: 2633-304X
Citation:: Oxford Analytica (2022), "South-east Asia is growing arms market for South Korea", Expert Briefings.
https://doi.org/10.1108/OXAN-DB273432

Tuesday, October 18, 2022

Significance

Except for Myanmar and Cambodia, which are subject to Western arms embargoes, the region is a buyer’s market. South Korea has become its largest supplier of arms. Meanwhile, defence imports from Russia and China have fallen.

Impacts

Singapore will remain committed to buying F-35 Lightning II stealth fighters from the United States.
China will not find a market for its FC-31 Gyrfalcon stealth aircraft in South-east Asia.
Despite rising inflation, South-east Asian countries will not cut their defence budgets.

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Significance

Impacts

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