East Asia’s armsmakers are on the rise
Demand at home and abroad is fuelling their growth
This month a group of South Korean defence-industry bosses and government officials visited Ottawa. Their pitch: howitzers, rocket-launchers and submarines for the Canadian armed forces. They are not the only East Asians taking advantage of the global rush to rearm, not least among America’s suddenly nervous allies. Japanese firms are also finding plenty of eager buyers.
This article appeared in the Business section of the print edition under the headline “Boom time”
From the March 22nd 2025 edition
Discover stories from this section and more in the list of contents
Ferrari’s electric car: divisiveness is the point
The Italian supercar brand is attempting a high-stakes manoeuvre
The world’s top condom-maker is getting squeezed
Will Karex break under pressure?
Franchising has quietly made countless Americans rich
In the age of AI, running a McDonald’s may soon look a lot more appealing
Why you should (almost) always look on the bright side of life
The benefits—and dangers—of optimism
Can an Italian company disrupt Germany’s broken railway industry?
Deutsche Bahn could soon have a rival
A new mega-deal shows how AI has turned utilities into hot property
NextEra and Dominion must now win over regulators