JULY 14, 2022 | FP Situation Report
By Robbie Gramer and Jack Detsch
Welcome back to Foreign Policy’s SitRep!
Before we get to our regularly scheduled programming, if you haven’t done so already, take a few minutes to marvel at the new high-definition imagery coming out of deep space, courtesy of the James Webb telescope.Alright, back to more earthly matters, here’s what’s on tap for the day: How South Korea is becoming a top global arms exporter, a new report warns of laggard U.S. missile defense capabilities, and Congress sours on F-16 sales to Turkey.
The Business of Booms Is Booming in South Korea
There’s been a not-so-quiet revolution taking place in South Korea in recent years, and it’s all about the defense industry.Since former President Moon Jae-in first took power in 2017, South Korea has turbocharged its arms sales abroad, positioning the country to become one of the world’s leading arms exporters and vastly outpacing the rest of the world in increasing the volume of its arms exports. Under the new conservative government, led by Yoon Suk-yeol, that trend shows no signs of slowing down.
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