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Story summary
- South Korea plans to rank among the top four global arms exporters by 2030, adopting a "Made in Europe by Korea" strategy amid EU protectionism.
- EU defense spending is set to rise to €326 billion in 2024, aiming to boost domestic arms production from 20% to over 60% by 2035.
- German startups Helsing and Arx Robotics are creating AI-based warfare technologies to enhance European defense independence from the US.
- India’s defense exports reached $2.76 billion in FY 2024-25, fueled by reforms supporting indigenous production and European partnerships.
- The Indian government is strengthening its defense export strategy with a dedicated wing for promotion and quality oversight.
