That is helping South Korean suppliers, including Hanwha Aerospace Co, which makes land-based artillery for a growing list of European customers. Illustration: Constance ChouRomania, shaken by Russia’s attack on its northern neighbor, might be next in line to buy artillery from South Korea. Its backlog of export orders jumped 10-fold from 1.7 trillion won in 2021 to 20 trillion won at the end of last year, a February financial presentation showed. South Korean law prohibits arms sales to a conflict zone. Yet a global shortage of ammunition-production capacity, and no sign of a let-up in the Ukraine war, makes it likely South Korea would be called upon to help meet demand.
