Industry Forecast Scenario

April 2010
South Korea Defence & Security Report;Q2 2010, p73
Industry Profile
The article presents the industry forecast on South Korea by Business Moniter International Ltd. (BMI). It projects higher imports particularly in the defense sector and an improvement in the export industry as new orders for newly developed systems such as the T-50 Golden Eagle and the new surface to air missile (SAM) system and armoured vehicle come it. It expects South Korea to enter a firm economic growth figures in 2010 due to an expanded private consumption and cites possible conflict with North Korea as the major risk.


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