KRHanwha Group, a South Korean conglomerate, has risen to rank No. 16 among the world's largest defense contractors according to a recent ranking by Defense News. This marks Hanwha's sixth-place improvement in the annual list, which evaluates companies based on their defense revenue from the previous year. Hanwha's defense revenue increased significantly to $10.44 billion in 2025, representing 20% of its total sales. Other South Korean defense firms, including LIG Nex1, Hyundai Rotem, and Korea Aerospace Industries, also saw improvements in their rankings. The growth reflects the expanding international presence of South Korean defense companies, particularly in Europe, where they secured major contracts and established manufacturing facilities. These developments highlight the increasing role of South Korean defense firms in supporting Europe's military modernization and NATO initiatives.
Bias read (Center): The article presents factual information about the performance and international expansion of South Korean defense companies without overtly favoring any particular political ideology. It provides balanced reporting on the achievements of these companies and their strategic importance in global arms
