The order backlog of South Korea’s ‘Big 4’ defense companies, including Hanwha Aerospace, Hyundai Rotem, LIG Nex1, and Korea Aerospace Industries (KAI), is nearing 100 trillion won due to the Russia-Ukraine war, weakened military cooperation between the Trump administration and Western allies, and global increases in defense budgets. The rise of K-defense has been boosted by large contracts with Eastern European countries like Poland, providing a key opportunity for global market entry. The industry’s strategy of ‘fast delivery,’ ‘customized packages,’ and ‘competitive pricing for superior performance’ is seen as aligning with local demand, driving export expansion.
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Auto-posted at: 2025-05-05 21:01:02