Fighter aircraft is the latest defense industry that ROK defense contractors are hoping to take market share of:
South Korea, an industrial and tech powerhouse, was once so poor that its citizens donated money so the government could buy five American fighter jets in case of a North Korean invasion. Now, South Korea is a global weapons producer and seller. It is the third-largest arms supplier to NATO countries, with affordable weapons for nations seeking to refill their stockpiles of K2 battle tanks, K9 self-propelled howitzers and other items.
Its ascent underscores the nation’s dramatic economic and diplomatic evolution since that 1975 national fundraising drive for the American F-4 Phantoms. South Korea retired those Cold War-era jets in June after more than five decades in use — making way for a new generation of homegrown fighter aircraft that will make South Korea one of the few nations to develop its own supersonic jet.
South Korea hopes its KF-21 Boramae will be a cheaper alternative to the U.S.-made F-35. The prototype was unveiled in 2021, and mass production is set to begin in 2026. “South Korea is making a big push to engage globally,” said Peter Layton, a military analyst and visiting fellow at the Griffith Asia Institute in Brisbane, Australia. “They’re going from a big buyer to not just a maker but a designer of aircraft.”
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