South Korea's defence exports are expected to exceed US$13 billion this year after the country signed contracts with a diverse list of nations, firmly establishing it as one of the world's top 10 arms exporters, Yonhap news agency reported on Wednesday.
Total contracts signed this year were valued at between US$13 billion and US$14 billion, Yonhap news said.
Poland continued to be a major buyer but its share of overall exports fell to 32 % in monetary value compared to 72% in 2022, the report said.
In 2022, South Korea signed a comprehensive arms agreement under which companies, such as Hyundai Rotem and Hanwha Aerospace, would supply Poland with tanks, howitzers, and combat aircraft.
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