Going Global Defense Initiative - Virginia Economic Development Partnership

  The Defense Industry and Procurement in South Korea

Published: July 1, 2015

After the wartime in 1950, South Korea has become a strong defense country with the world’s 6th largest military, a mandated military service, and strengthened military alliances. According to the IHS Global Defence Trade Report released in March 2015, South Korea is recognized as the world’s 7th largest defense importing country. This report describes the defense procurement process and policy in South Korea.

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