South Korea aims to become the world's top arms exporter, and China's control over rare earth materials comes at the right time.
South Korean defense and aerospace industry giant Hanwha Aerospace has partnered with a Polish local company to expand into the European market, in response to Europe's "obstacles in defense industry." The company will strengthen its security cooperation with Poland by building local production facilities, and use this as a stepping stone to enter the global market.
According to MEGA News reporter Yoo Eun-joo, Hanwha Aerospace announced on September 2 (local time) that it has reached a final agreement with WB Group, Poland's largest civil defense industry company, to establish a local joint venture (JV) to produce missiles for the multi-barrel rocket "Jungmok."
At the signing ceremony of the joint venture held during the International Defense Industry Exhibition in Poland (MSPO 2025), officials from both countries' governments and industries, including Hanwha Aerospace and Space CEO Song Jae-il, WB Group Chairman Peter Wojciech, Director of the Resource Management Division of the South Korean Ministry of Defense Jo Hyeon-ki, and Deputy Prime Minister and Minister of Defense of Poland Kosiński-Kamińska, attended the signing ceremony.
The joint venture will produce a missile (CGR-080) with a range of 80 kilometers, installed on the Polish export version of "Homal-K," through the construction of production facility infrastructure and local employment. The quantity produced by the joint venture will first be supplied to Poland, and through discussions between the two companies, ammunition will be diversified, promoting exports to other European countries.
Representative Sun said: "Due to the obstacles in the European defense industry, export entry barriers are increasing, so it is crucial to expand the market through localization."
Original: www.toutiao.com/article/1842338275802112/
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