South Korean Arms Exports Growth in Past 5 Years 177 Percent.

Data from the South Korean Export-Import Bank revealed that the growth of Korean arms exports in the past 5 years was about 177 percent.

South Korea ranked eighth in the world in the share of global arms exports, against the backdrop of an increase in its share from 1.0 percent in the period from 2012 to 2016, to 2.8 percent in the period from 2017 to 2021.

According to South Korean News Agency (Yonhap), Korea's arms exports reached a record high last year, exceeding USD 7 billion, thanks to an increase in exports of K-9 self-propelled howitzers, frigates, and advanced Korean (T-50) type training aircraft.(QNA)