Table of Contents Executive Summary 2 Market value 2 Market value forecast 2 Market volume 2 Market volume forecast 2 Category segmentation 2 Geography segmentation 2 Market rivalry 2 Market Overview 7 Market definition 7 Market analysis 7 Market Data 9 Market value 9 Market volume 10 Market Segmentation 11 Category segmentation 11 Geography segmentation 12 Market Outlook 13 Market value forecast 13 Market volume forecast 14 Five Forces Analysis 15 Summary 15 Buyer power 16 Supplier power 17 New entrants 18 Threat of substitutes 19 Degree of rivalry 20 Leading Companies 21 Hanwha Techwin Co Ltd 21 Korea Aerospace Industries Ltd. 24 LIG Nex1 Co., Ltd. 28 Macroeconomic Indicators 29 Country data 29 Methodology 31 Industry associations 32 Related MarketLine research 32 Appendix 33 About MarketLine 33

List of Tables Table 1: South Korea defense spending market value: $ million, 2013-17(e) Table 2: South Korea defense spending market volume: thousand armed forces personnel, 2013-17(e) Table 3: South Korea defense spending market category segmentation: $ million, 2017(e) Table 4: South Korea defense spending market geography segmentation: $ million, 2017(e) Table 5: South Korea defense spending market value forecast: $ million, 2017-22 Table 6: South Korea defense spending market volume forecast: thousand armed forces personnel, 2017-22 Table 7: Hanwha Techwin Co Ltd: key facts Table 8: Hanwha Techwin Co Ltd: key financials ($) Table 9: Hanwha Techwin Co Ltd: key financials (KRW) Table 10: Hanwha Techwin Co Ltd: key financial ratios Table 11: Korea Aerospace Industries Ltd.: key facts Table 12: Korea Aerospace Industries Ltd.: key financials ($) Table 13: Korea Aerospace Industries Ltd.: key financials (KRW) Table 14: Korea Aerospace Industries Ltd.: key financial ratios Table 15: LIG Nex1 Co., Ltd.: key facts Table 16: South Korea size of population (million), 2013-17 Table 17: South Korea gdp (constant 2005 prices, $ billion), 2013-17 Table 18: South Korea gdp (current prices, $ billion), 2013-17 Table 19: South Korea inflation, 2013-17 Table 20: South Korea consumer price index (absolute), 2013-17 Table 21: South Korea exchange rate, 2013-17 List of Figures Figure 1: South Korea defense spending market value: $ million, 2013-17(e) Figure 2: South Korea defense spending market volume: thousand armed forces personnel, 2013-17(e) Figure 3: South Korea defense spending market category segmentation: % share, by value, 2017(e) Figure 4: South Korea defense spending market geography segmentation: % share, by value, 2017(e) Figure 5: South Korea defense spending market value forecast: $ million, 2017-22 Figure 6: South Korea defense spending market volume forecast: thousand armed forces personnel, 2017-22 Figure 7: Forces driving competition in the defense spending market in South Korea, 2017 Figure 8: Drivers of buyer power in the defense spending market in South Korea, 2017 Figure 9: Drivers of supplier power in the defense spending market in South Korea, 2017 Figure 10: Factors influencing the likelihood of new entrants in the defense spending market in South Korea, 2017 Figure 11: Factors influencing the threat of substitutes in the defense spending market in South Korea, 2017 Figure 12: Drivers of degree of rivalry in the defense spending market in South Korea, 2017 Figure 13: Hanwha Techwin Co Ltd: revenues & profitability Figure 14: Hanwha Techwin Co Ltd: assets & liabilities Figure 15: Korea Aerospace Industries Ltd.: revenues & profitability Figure 16: Korea Aerospace Industries Ltd.: assets & liabilities

Hanwha Techwin Co Ltd Korea Aerospace Industries Ltd. LIG Nex1 Co., Ltd.