South Korea Defence & Security Report Q3 2014 - New Market Report
BMI View: Continued tension with Pyongyang dominates the outlook for South Korean defence and security. The uncertainty caused by the bellicose regime to the north has driven substantial defence spending increases and will continue to keep Seoul on high alert. In addition to this headline volatility, we are increasingly interested in defence exports as growing South Korean expertise creates new opportunities to export globally. The Middle East and Sub-Saharan Africa will be key areas for this growth.
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