► In August last year, Peter Lee and I argued that South Korean defence industry had emerged as a viable 'third option' for many European and Indo-Pacific countries seeking to bolster their deterrence capabilities in the near term.  ► In the 15 months since, South Korean defence companies have continued their success, securing several other lucrative deals with key countries in Europe,...

► South Korean governments have long considered defense industrial exports crucial to export-led growth and defense modernization. ► Under the Yoon administration, this has been complemented by a greater degree of strategic clarity about South Korea’s threat perceptions and partnerships. ► Linking South Korea’s arms exports to strategic clarity will be welcomed by many but also raise ri...