Emerging Trade Partnership between the South Korea and Turkey: The Case of Defense Industry
Emerging Trade Partnership between the South Korea and Turkey: The Case of Defense Industry

Summary/Abstract: Defense is a crucial industry that nations invest for economic and strategic reasons. The world allocates 2.3% of gross domestic product for defense expenditure. Global trends show that developing countries increase their share in defense markets. Developing countries are expected to have more significant effect on the future of defense markets and therefore, understanding the cooperation between those countries is important in the realms of defense literature. The current study is focused on the issue of defense industry partnership between two emerging nations, the South Korea and Turkey, which hasn’t been addressed adequately. Both countries have compatible bases and products that make defense collaboration easier. Joint development and production are on the rise between the two countries, which formerly greatly depended on direct procurement.The case of the South Korea and Turkey is a successful example of trade partnership that has strong prospects.

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