First of all, I would like to quote the United StatesMinistry of DefenseA quote from Chang Nulan Ali and South Korea's ** Yoon Suk-yeol began with Yoon Suk-yeol saying, "We want to be reliableexporting countries, contributing to the maintenance of peace and stability". South Korea's Yoon Suk-yeol has pledged that by 2027, South Korea will become the fourth largest in the worldExporting countries, the global market share is more than 5%. This is an ambitious goal.
According to Stockholm, SwedenInternationalData from the Peace Research Institute shows that in the past 5 years, South KoreaExports are growing rapidly. Compared to 2013 to 2017, South Korea's between 2018 and 2022Exports have increased by a significant 74 percent. Currently, South KoreaExports accounted for 2% of the world's total, ranking ninth in the world.
South KoreaThe growth of exports is mainly due to its low cost and strong compatibility characteristics. Korean**Significantly lower than the United States, and has advantages in maintenance and logistics. In addition, in order to improve its competitiveness, South Korea also often sells both military and civilian products** to attract more customers. For example, South Korea promised customers that as long as they bought the K9 self-propelled guns, they would give away a car production line. This value-added service for South KoreaWon more orders.
South KoreaAnother advantage of exports is compatibility with Western countries in terms of technical standards. Koreanwith Western countriesThe standard matching, in terms of maintenance and logistics support, has a great advantage. This makes it possible to buy Koreancan more easily cooperate and unite with other Western countriesMilitaryLet's go.
Despite South KoreaExports are growing rapidly, but they are set to overtake China to become the world's fourth-largestThe likelihood of exporting countries is low. First of all, ChineseThe competitiveness continues to improve and become a major competitor. China inIt is in a leading position in terms of performance and type in the field of equipment, and has a complete national defense industry system. In contrast, South Korea'sMost of the exports rely on imported equipment and systems to assemble, lack of independent intellectual property rights and relatively low technical content. This gives South Korea a clear disadvantage when competing with China.
Secondly, the global majorMost of the buyers are NATO members or US allies, or countries that list China as a strategic competitor, and South Korea is also the main oneImporting country. This makes South Korea inExports were affected by a number of negative factors.
In addition, the United States and other Western countries against South KoreaThere are also certain restrictions and suppressions on exports. As the United States on ChinaMilitaryTechnological blockades and restrictions, South Korea is inExports may be affected.
And finally, South KoreaThe global market for exports is also becoming more and more competitive. Russia and France, among other countriesThe scale of exports far surpasses that of South Korea, ranking first, while China is also rapidly rising and becoming a major global playerOne of the exporting countries.
South Korea** inIn terms of exports, there is a clear strategic plan and goals to build South Korea into a reliable oneExporting Country. To achieve this, South KoreaMinistry of DefenseIt is planned that we will continue to focus our efforts and resources on the promotion in the futureexports, in order to gain a larger share of the global arms market.
South KoreaThe potential market space for exports and the number of potential customers are limited, but with our countryWith the further improvement of performance and competitiveness, there is still some room for growth in the future. ChineseThere is some overlap between customers and Russia, and as the cooperation between Russia and South Korea develops, South Korea's opportunities in the Chinese market will also increase.
In addition, South Korea is inMilitaryThe continuous improvement of technology and R&D capabilities is expected to make more breakthroughs in the next few years. Domestic military enterprises are constantly increasing R&D investment and improving their independent R&D capabilities. South Korea, for example, is planning to develop a new generationFightersand regional airliners, and plans to push these products toInternationalMarket. These new typesThe launch is expected to drive South KoreaGrowth in exports.
Finally, South Korea can also improve the competitiveness and attractiveness of its products by strengthening cooperation with other countries. For example, South Korea can be carried out with the United StatesMilitarycooperation, with the help of market channels and resources in the United States, to promote their ownOutlet. Strengthening cooperation with countries in regions such as India, Southeast Asia and Africa can also open up new market opportunities.
In general, South KoreaExports have made some progress, but they need to overtake China to become the fourth largest in the worldExporting countries continue to face challenges and constraints. South Korea needs to further increase investment in military R&D, improve independent R&D capabilities and technical content, and strengthen cooperation with other countries to expand market opportunities. Only in this way will South Korea be able to achieve greater breakthroughs and developments in the global arms market.