Surge in South Korean and Japanese Arms Revenues Amid Global Tensions

South Korean and Japanese defense manufacturers are experiencing significant growth, with South Korean arms companies reporting a 39% revenue increase and Japanese firms a 35% rise. This surge reflects the escalating demand for military equipment amid global conflicts, particularly the war in Ukraine. Key players like Hanwha Group and Hyundai Rotem are leading the charge, securing lucrative contracts and enhancing their international presence. As tensions rise, these nations are positioned for further expansion in the global arms market.