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South Korea Defence and Security Report 2015

South Korea Defence and Security Report 2015

BMI View: We expect South Korea's defence budget to continue increasing in absolute terms in the nextfive years. This will be driven by South Korea's need to maintain well-prepared and well-equipped armedforces to deter, or defend from, an attack from North Korea. Moreover, the 2014 Defence White Paper putssignificant emphasis on the government's desire to continue expanding the domestic defence market,providing additional support to private companies seeking to participate and increasing exports worldwide.

This will contribute to opening up development opportunities for both international and national companiesoperating in the defence sector.

The conflict that has been characterising South Korea's relationship with North Korea in the past sixty yearsremains to date the country's main driver for defence spending. Indeed, despite many attempts from Seoul toconvince Pyongyang to establish a dialogue and resolve the situation peacefully, the latter has continued tocarry out nuclear tests and regularly threatens to attack the former. As such, South Korea is constantlyworking to maintain and upgrading the equipment and capabilities of its armed forces in order to beprepared for an eventual attack or even as a simple deterrent. Significantly supported by the US, which has29,300 troops on the territory and supplies a significant share of the country's equipment, South Koreamaintains its advantage over its northern neighbour, but a new strategy is necessary if the situation does notdrastically change in the near future - that is, if North Korea does not collapses.


BMI Industry View
SWOT
South Korea Defence SWOT
Political
Economic
Operational Risk
Industry Forecast
Defence Expenditure
Table: Defence Expenditure (South Korea 2012-2019)
Armed Forces
Table: Armed Forces Personnel (South Korea 2005-2012)
Table: Manpower Available For Military Service (South Korea 2012-2019)
Defence Trade
Table: Defence Trade Balance (USDmn) (South Korea 2012-2019)
Table: Defence Exports (USDmn) (South Korea 2012-2019)
Table: Defence Imports (USDmn) (South Korea 2012-2019)
Macroeconomic Forecast
Economic Analysis
Table: Economic Activity (South Korea 2010-2019)
Industry Risk Reward Ratings
South Korea Security Risk Index
Table: Asia Pacific Defence Risk Index
Rewards
Risks
Market Overview
South Korea Defence Market Overview
Table: South Korea International Deployments
Domestic Defence Sector
Domestic Defence Market
Table: South Korea Defence Agreements
South Korea Security Overview
Domestic Threats
Regional Threats
International Threats
Weapons of Mass Destruction
Company Profile
Daewoo Shipbuilding & Marine Engineering (DSME)
Hyundai Heavy Industries
Korea Aerospace Industries (KAI)
Samsung Thales
Regional Overview
North East Asia Security Overview
The Geopolitical Importance Of North East Asia
Flashpoints And Fault Lines In North East Asia
The Evolution Of North East Asia
Global Industry Overview
Political Risk Analysis
Methodology
Sector-Specific Methodology
Table: Defence Risk Reward Index Indicators
Weighting
Table: Weighting of Defence Risk Reward Index

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