Wars of considerable intensity are taking place simultaneously in Eastern Europe and the Middle East. The military deterrence once ensured by U.S. unipolar hegemony is weakening, and great power politics is re-emerging. There are also warnings that physical clashes could occur in cross-strait relations between China and Taiwan, close to Korea. Such security instability drives increased defense spending. How will the global defense market evolve? As an armistice state with competitive defense companies, does Korea hold an advantage? This session will seek to answer that question. Copyright ⓒ Maeil Business Newspaper. All rights reserved. Unauthorized reproduction, redistribution, and use (including for AI learning) are prohibited.