South Korea’s Defense Startups Surge as Global Conflicts Flare

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000South Korea’s defense industry has long been one of the country’s most closed corporate ecosystems. Now, startups making experimental weapons for modern warfare are emerging, aided by an uptick in global conflict.Domestic manufacturers can churn out NATO-standard weapons cheaper and quicker than many established Western rivals, which has allowed them to capitalize on growing global demand, including selling tanks to key Ukraine ally Poland and missile interceptors to the United Arab Emirates as the conflict in Iran spirals.