Market size of defense industry South Korea 2016-2019

Published by
Jang Seob Yoon,
Jul 12, 2022
This statistic presents the market size of the defense industry in South Korea in 2016 and 2017, with an estimate for 2018 and a projection for 2019. In 2019, the market size of the South Korean defense industry is projected to amount around 4.2 billion U.S. dollars.

Market size of defense industry in South Korea from 2016 to 2019 (in billion U.S. dollars)

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Release date

August 2019

Region

South Korea

Survey time period

2016 and 2017

Supplementary notes

*Estimated.
**Projected
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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