In recent years, South Korean firms have gained significant attention for their substantial arms sales in Europe, amid rising demand due to military conflicts.
The increase in revenue for South Korea's top defense firms was 39%, while Japan's top firms experienced a 35% increase, reflecting their aggressive expansion in arms production.
SIPRI noted that the arms revenue growth across all regions was 4.2%, highlighting a significant shift in the global defense industry dynamics.
Researcher Xiao Liang stated that while the data shows revenue growth, it does not necessarily reflect the true military capabilities of these countries compared to Russia.
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