Local production of defense industry South Korea 2015-2018

Published by
Jang Seob Yoon,
Dec 19, 2022
This statistic presents the local production value of the defense industry in South Korea in 2015 and 2016, with an estimate for 2017 and a projection for 2018. In 2018, the local production value of the South Korean defense industry is projected to amount around 10.9 billion U.S. dollars.

Local production value of defense industry in South Korea from 2015 to 2018 (in billion U.S. dollars)

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Release date

September 2018

Region

South Korea

Survey time period

2015 and 2016

Supplementary notes

*Estimated.
**Projected
Total local production and Import figures are based on the contracted amount and not on actual shipment. Estimated and projected figures are based on an unofficial estimate from CS Korea based on the budget of Korea’s Force Improvement Plan (FIP), Defense Acquisition Program Administration (DAPA)’s procurement plan, and media reports.

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