South Korea Defence and Security Report 2016 - Business Monitor International - Industry Reports

South Korea Defence and Security Report 2016

South Korea Defence and Security Report 2016 - Business Monitor International - Industry Reports
South Korea Defence and Security Report 2016
Published Jun 18, 2016
53 pages — Published Jun 18, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

The prevailing threat posed by North Korea has consistently safeguarded South Korean defence spending from experiencing any large cuts, even despite periods of economic downturn. Kim Jong-un s increasingly belligerent threats and the testing of its improving missile and nuclear strike capabilities over much of ---- and ---- have ensured further investment into developing South Korea s defence posture through a correspondingly strong defence budget. ...The prevailing threat posed by North Korea has consistently safeguarded South Korean defence spending from experiencing any large cuts, even despite periods of economic downturn. Kim Jong-un s increasingly belligerent threats and the testing of its improving missile and nuclear strike capabilities over much of ---- and ---- have ensured further investment into developing South Korea s defence posture through a correspondingly strong defence budget. South Korea s National Assembly approved on December - ---- a ---- defence budget of KRW--.-trn (USD--.-bn). ...Through to ----, we expect an average -.- annual y-o-y growth in South Korea s defence expenditure, reaching a total KRW--.-trn (USD--.-bn)

...BMI View: North Korea s pursuit of nuclear weapons and ballistic missiles represents a persistent, increasingly belligerent and direct threat to South Korea. In the face of this, South Korea will continue to invest considerably into strengthening its defence posture - namely its counter strike, reconnaissance and intelligence capabilities - providing opportunities for multinational defence companies. ...BMI View: North Korea s pursuit of nuclear weapons and ballistic missiles represents a persistent, increasingly belligerent and direct threat to South Korea. In the face of this, South Korea will continue to invest considerably into strengthening its defence posture - namely its counter strike, reconnaissance and intelligence capabilities - providing opportunities for multinational defence companies. Although the domestic sector lacks the ability to satisfy the more advanced requirements of the South Korean armed forces, its export potential has, and will, continue to increase, driven by government support and close ties with the US. ...Although the country s economic outlook remains sound for the time being, over the long term, these issues will - if not addressed - act as a drag on defence expenditure growth.

...On February - ----, Israel Aerospace Industries and South Korean firm Hankuk Carbon established a joint venture to co-develop vertical take-off and landing (VTOL) unmanned aerial vehicles. On January - ----, North Korea conducted its fourth test of a nuclear explosive device. ...

  
Source:
Document ID
1749-1665
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "South Korea Defence and Security Report 2016" Jun 18, 2016. Alacra Store. Dec 06, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Defence-and-Security-Report-2016-2026-32>
  
APA:
Business Monitor International - Industry Reports. (2016). South Korea Defence and Security Report 2016 Jun 18, 2016. New York, NY: Alacra Store. Retrieved Dec 06, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/South-Korea-Defence-and-Security-Report-2016-2026-32>
  
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