With the presence of K-Defense Industries growing in the global defense industry market, it is expected that defense industry orders will continue to increase this year, bringing us one step closer to the goal of becoming one of the 'four major defense industry powers' set by the government.



According to the defense authorities and the defense industry, Korea's defense industry exports last year amounted to $14 billion (approximately 18.6 trillion won), making it one of the world's top 10 defense exporters for two consecutive years.



Last year's performance fell short of the original goal of $20 billion, and was a decrease from the previous year's performance of $17.3 billion, but it is evaluated as a qualitative achievement.



The number of defense industry export destinations increased from 4 countries, including Poland, in 2022 to 12 countries, including the United Arab Emirates, Finland, and Norway, last year, and the number of exported weapon systems also diversified from 6 to 12.



Previously, the government set a goal of becoming one of the world's top four defense industry powers by 2027 and announced a strategy to achieve this.



According to data from the Stockholm International Peace Research Institute in Sweden, Korea's share of the global arms export market from 2018 to 2022 was 2.4%, ranking 9th.



The United States took unrivaled first place with 40%, followed by Russia (16%) and France (11%).



This is followed by China (5.2%), Germany (4.2%), Italy (3.8%), the UK (3.2%), and Spain (2.6%), but the market share gap with Korea (2.4%) is not large.



On the 6th, LIG ​​Nex1 announced that it had signed an export contract with Saudi Arabia for 'Cheongung-II', a Korean ballistic missile interceptor system worth $3.2 billion (approximately 4.25 trillion won).



Hanwha Aerospace is also expecting additional orders worth trillions of won this year.



At the end of last year, foreign media such as the British Financial Times reported that Hanwha Aerospace's order backlog over the past two years has increased more than sixfold from $2.4 billion (approximately 3.09 trillion won) to $15.2 billion (approximately 19.6 trillion won), making it one of the major defense companies. It was reported that it ranked first in growth rate.



Hanwha Aerospace is negotiating to export K-9 self-propelled howitzers to Romania, and is pursuing a second execution contract for the Chunmu multiple rocket launcher to Poland.



We are negotiating with India to introduce additional self-propelled guns, and are discussing with Romania and Poland the export of the next-generation infantry fighting vehicle Redback, which was successfully exported to Australia last year.



Korea Aerospace Industries (KAI), which produces Korean supersonic fighter KF-21 and light attack aircraft FA-50, recorded the highest ever sales of KRW 3.8 trillion last year and is expected to receive large-scale orders this year, mainly from countries in the Middle East and Europe. I'm looking forward to it.



KAI is reportedly discussing FA-50 export volumes with Egypt, and is preparing to win orders for Slovakia's advanced trainer replacement project and the U.S. Air Force and Navy trainer introduction project.



Hyundai Rotem, with the K-2 tank at the forefront, signed a basic contract with Poland to export 1,000 K-2 tanks in 2022 and is currently pursuing the remaining contract for 820 units following the first contract of 180 units.