Korea Becomes World's 4th Largest Arms Importer

      March 19, 2013 09:54

      Korea has been the fourth largest importer of weapons in the world over the past five years. In the same period, China overtook the U.K. to become the fifth biggest exporter of weapons.

      The Stockholm International Peace Research Institute released the list on Monday.

      From 2008 to 2012, Korea accounted for 5 percent of global imports of major conventional weapons, which does not include weapons of mass destruction such as nuclear and chemical weapons.

      Seventy-seven percent of its arms imports came from the U.S., followed by Germany (15 percent) and France (5 percent).

      Asian countries took all the top five spots among arms importers, with India topping the list at 12 percent. Next came China (6 percent), Pakistan (5 percent), Korea (5 percent), and Singapore (4 percent).

      These countries cannot afford to produce arms on their own due to technological constraints or restrictions imposed by military treaties.

      Among weapons exporters, the U.S. ranked first with 30 percent, followed by Russia (26 percent), Germany (7 percent), France (6 percent), and China (5 percent).

      Chinese arms exports rose a whopping 162 percent from the previous five years.

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