South Korean defence market to reach $30.40BN in 2013

Thursday 6 June 2013, Amsterdam

South Korean defence market to reach $30.40BN in 2013
The South Korean Defence Market 2013-2023, our latest defence report, values the market for South Korean defence spending at $30.40bn in 2013, as the South Korean Ministry of National Defence seeks to continue its investment in large scale projects and programmes designed to increase both military capability and technological expertise.

A defence analyst stated that: ‘Recent tensions on the Korean peninsula following Pyongyang’s increasingly war like rhetoric against its southern neighbours and the US, has re-focused attention on the overall scale of South Korea’s military capabilities. Over the past few decades South Korea has been able to utilise its strong market economy, alongside its unique security partnership with the US, in order to increase investment in defence systems and equipment and emerge as one of the most modern and well equipped armed forces in the world today. Such investment is expected to continue over the next 10 years, ranging from both internationally procured and domestically developed fighter aircraft, to armoured vehicles and new advanced naval frigates and destroyers. This development showcases significant investment opportunities as South Korea looks to continually modernise and additionally, focus on developing its own domestic defence industry, in order to boost exports and increase knowledge and expertise through technology transfer’.

The report has 224 pages and contains 212 tables, charts and graphs that visualise trends and market projections within the South Korean defence market. This study provides forecasts for the overall South Korean defence market as well as 2 main areas of the defence budget, 3 subcategories within the budget and 16 force improvement budget submarkets within the South Korean Market for the period 2013-2023. The report also provides profiles of 15 leading companies operating within the market, including an interview with, BAE, one of the prime global defence contractors operating within the South Korean defence market, providing expert insight alongside the analyses.

The South Korean Defence Market 2013-2023 report will be of great value to current and future investors into the overall South Korean defence market, as well as to companies and research centres who wish to broaden their knowledge of the South Korean defence market.

South Korean Defence Market 2013-2023

South Korean Defence Market 2013-2023

Publish date : May 2013
Report code : ASDR-65777
Pages : 225

ASDReports.com contact: S. Koomen

ASDReports.com / ASDMedia BV - Veemkade 356 - 1019HD Amsterdam - The Netherlands
P : +31(0)20 486 1286 - F : +31(0)20 486 0216

 back to News