South Korea s exports of military products have reached a new high, and will surpass China and Russi

Mondo Finance Updated on 2024-03-07

The global hot spot situation is tense, especially the conflict between Russia and Ukraine, and South Korea's business is booming. According to statistics, they have earned about $17 billion, of which the main battle** is particularly popular around the world, especially in Eastern Europe.

Poland is the largest buyer, having recently ordered 1,000 K-2 main battle tanks, 754 K-9 guns and 288 220mm rocket launchers.

Although these equipment have a mediocre performance in the Asia-Pacific region, they are very sought-after in the global arms market.

South Korea's foreign arms are regarded as an important pillar of diplomacy, which proves that South Korea attaches great importance to the economic benefits and strategic value brought by the export of equipment.

At present, South Korea is taking advantage of the changes in the international situation, especially its good relations with the United States and Western countries, to export a large number of main combat equipment to the world. Although these equipment are not the most advanced or the most sophisticated, they are in the largest market demand, which cannot be ignored.

South Korea is ambitiously promoting its Korean version of its equipment, aiming to jump to the third and fourth place in the world in the next few years, and even surpass China and Russia. South Korea is equipped with cheaper K-2 tanks and K-9 self-propelled guns than German ones"Leopard"The 2A7 tank is at least half lower than its American counterpart, while also offering a variety of benefits, such as the transfer of production lines, comprehensive maintenance and support services, etc.

These first-class equipment are unique in market positioning, neither like the high-end of the United States, nor like the low-end of other countries, and have made an important contribution to filling the needs of the medium-sized market.

South Korea has a unique competitive advantage in the arms market, and through friendly relations with Western countries, especially good cooperation with the United States, the South Korean fire industry has not been squeezed.

The United States has relatively few export restrictions to South Korea, and many of the most advanced equipment originating from the United States is very sought-after in the global market, such as the F A-50 fighter trainer, whose core technology comes from the United States.

For the needs of the low-end market, South Korean equipment can also be well met, especially in some countries with small land area, limited depth and limited financial resources. South Korean equipment has an accurate market positioning, such as the K-2 main battle tank, which has transferred production technology in Poland, starting from assembly and gradually realizing Poland's independent production.

South Korea was the first NATO country to receive an order for 1,000 main battle tanks, which is rare in history, and it is expected that this situation will be difficult to repeat in the future. The K-9 self-propelled guns are also very popular in the international market, with Turkey and India among its customers.

Recently, Poland also purchased more than 700 such guns. Although the performance of the K-9 self-propelled gun is not high-end, Poland has a product called the Crab self-propelled gun, the chassis of which is the South Korean K-9, and the turret uses the technology of the British AS-90.

This shows that South Korea has done a very meticulous job in advance and has already exported key technologies such as transmission technology to other regions.

Through the analysis of tactical and technical indicators, the combat performance of the K-9 on Yeonpyeong Island was not ideal, and it was counterattacked by the old North Korean artillery, and even some artillery pieces were damaged. The K-2 series main battle tanks are more like a smaller version of the M1A1, which is at a medium level in terms of both ** and comprehensive combat capabilities.

South Korea has its own unique ** equipment characteristics, which can be said to be a bit of a "kimchi" flavor. In terms of global market positioning, South Korea currently has a relatively accurate grasp. At the same time, South Korea has taken advantage of its military relations with the United States to export to neighboring countries the best equipment that the United States does not want to sell or does not want to sell.

Although the technological core of these ** equipment originated from the United States, the countries that bought it all knew that it was American technology, not South Korean. In the process of purchasing ** equipment from South Korea, the maintenance and guarantee of core components, components, and parts will not be restricted.

Therefore, if you continue to buy in the future, there will not be much obstacle to localization.

South Korea attaches great importance to the export of main battle equipment, and even South Korea personally went to Southeast Asia to promote submarines, reflecting its great concern for foreign military cooperation in equipment.

Although the performance in the domestic and Asia-Pacific regions is average, the performance in the international market is the leading **, and a large number of orders have been obtained. This provides a certain enlightenment for the export of ** equipment from China and Russia.

Considering South Korea's ambition to surpass China and Russia in 2027, South Korea's main battle equipment has a high substitution and compensatory effect among Western countries. If you can't afford to buy genuine main battle equipment from the West and the United States, then turning to South Korean main battle equipment is also an important choice for buyers.

We need to pay close attention to the export of South Korea's fire. Although Turkey's TB-2 UAV is not top-notch, its share of the arms market is among the best in the world.

In the export of equipment, after-sales service and other factors are equally important, and how good the performance may not be the primary factor for customers to consider, on the contrary, their purchasing power may have a decisive impact on market share.

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