TFIGlobal
TFIGlobal
TFIPOST English
TFIPOST हिन्दी
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIGlobal
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
No Result
View All Result
TFIGlobal
TFIGlobal
No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean

South Korea delivers a multibillion jolt to the American Military-Industrial Complex

Rohit Yadav by Rohit Yadav
November 5, 2022
in Geopolitics
American Military-Industrial Complex
Share on FacebookShare on X

It’s a well-known fact that wars across the world and the resulting military spending have benefited the American economy. And therefore, the US first ignites war against nations and then proceeds to sell weapons to both of them.

Take, for example, it sells weapons to both India and Pakistan, two arch-enemies. But, a new country is entering into the global arms trade. And that’s awful news for American Military-Industrial Complex.

Also Read

Poland’s upcoming Presidential elections will swing towards EU or Russia?

Why U.S. Should Not Sell Its Military Technology to Pakistan?

Why the UK-US Trade Deal Isn’t What It Seems

It’s none other than US ally South Korea.

As Seoul strives to increase its presence in the global arms trade, South Korea is signing multibillion-dollar defence contracts in Europe. And it’s making the American defence industry uneasy.

South Korea sells to Europe

In the past five years, South Korean defence companies have sold small arms and mobile howitzers to a number of nations in Europe. However, such agreements pale in comparison to the record-breaking $5.8 billion pact Poland inked with two South Korean firms in July.

Moon thrusts South Korea deeper into global arms trade
Source: Kyodo News

48 FA-50 fighter jets, 672 K9 self-propelled howitzers, and 980 K2 Black Panther tanks were all included in the arrangement, and some tank and howitzer deliveries are anticipated to start before the end of the year. If all of the options are exercised in the upcoming years, the deals might be worth up to $15 billion.

In addition, Poland decided to order 288 Chunmoo multiple rocket launchers from the South Korean company Hanwha Defense last month. The first batch is scheduled to arrive in Poland next year. South Korean firms have also signed deals with Norway and Estonia.

Since South Korea and the United States are anticipated to fight alongside one another in any battle with China, South Korea’s military sector has long produced weaponry and equipment that is interoperable with American gear. Because of its familiarity, it is a desirable alternative for NATO nations seeking a speedy and reasonably priced rearmament.

In August, President Yoon Suk-yeol stated that he wanted to make South Korea one of the top four worldwide exporters of weapons, competing with France, Russia, and the United States for international contracts. The country is currently the eighth-largest supplier of defence exports in the world, and, according to information from the Stockholm International Peace Research Institute, exports have increased by 177% between 2016 and 2021.

Defence exports climbed from $3 billion in 2020 to $7 billion in 2021, according to a report published in July by the Export-Import Bank of Korea, and are predicted to reach $10 billion for the first time this year.

Also Read: NATO data leak could spell doom for US Military-Industry Complex

Attack on American Military-Industrial Complex

The loss of market for its weapons has concerned American Military-Industrial Complex. The contracts for the rocket launchers, fighter planes, and tanks were all signed within the last three months as European capitals try to store up supplies after delivering their own weaponry to Ukraine for months.

And Eastern Europe, which typically purchases new weapons from the United States, is increasingly considering purchasing them from South Korea instead because it claims to be able to do it more quickly and for less money.

Poland who ordered rocket launchers from South Korea was earlier seeking 500 HIMARS from the US. But it decided against it as it didn’t want to wait for years to start receiving American-made weapons.

South Korean counterpart, Defense Minister Mariusz Błaszczak explained that “unfortunately due to limited industrial capabilities, it will not be possible for the equipment to be delivered in a satisfactory timeframe. Therefore, we started talks with South Korea — our proven partner.”

Another selling point is South Korea’s readiness to let the regional defence companies of the countries making the purchases participate in the manufacturing, giving customers an opportunity to develop their own exports in the future from the technology acquired.

The U.S. defence industry has taken notice of the contracts because of their enormous scale and promises of quick delivery. One industry source who works with several U.S. defence businesses said, “There is concern from U.S. industry that this won’t stop with Poland.”

Clearly, American Military-Industrial Complex is rattled by South Korea entering the US weapons market. The US has a multi-billion jolt to the American Military Industrial complex.

The US will do anything to stop South Korea from impacting its war economy. But, till the time being, Yoon Suk-yeol has delivered a knockout to Joe Biden.

ShareTweetSend
Rohit Yadav

Rohit Yadav

Associate Editor, TFI Media. Pursuing Masters in Global Studies from Ambedkar University, Rohit is a Geopolitics and Sports enthusiast

Also Read

Poland’s upcoming Presidential elections will swing towards EU or Russia?

Poland’s upcoming Presidential elections will swing towards EU or Russia?

May 9, 2025
Why U.S. Should Not Sell Its Military Technology to Pakistan?

Why U.S. Should Not Sell Its Military Technology to Pakistan?

May 9, 2025
Why the UK-US Trade Deal Isn’t What It Seems

Why the UK-US Trade Deal Isn’t What It Seems

May 9, 2025
Global Reactions to India’s Operation Sindoor

Global Reactions to India’s Operation Sindoor

May 9, 2025
India’s S-400 System Downs Pakistani F-16 and JF-17 Jets

India’s S-400 shoot down Pakistani F-16 Fighter jet

May 8, 2025
‘Rocketman’ Kim Jong Un, unleashes ballistic missile barrage into the sea of Japan

‘Rocketman’ Kim Jong Un, unleashes ballistic missile barrage into the sea of Japan

May 8, 2025
Youtube Twitter Facebook
TFIGlobalTFIGlobal
Right Arm. Round the World. FAST.
  • About Us
  • Contact Us
  • TFIPOST – English
  • TFIPOST हिन्दी
  • Careers
  • Brand Partnerships
  • Terms of use
  • Privacy Policy

©2025 - TFI MEDIA PRIVATE LIMITED

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Indo-Pacific
  • Americas
  • Canada
  • Indian Subcontinent
  • West Asia
  • Europe
  • Africa
  • The Caribbean
TFIPOST English
TFIPOST हिन्दी

©2025 - TFI MEDIA PRIVATE LIMITED

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. View our Privacy and Cookie Policy.