Hanwha Group climbed six places to No. 16 among the world's largest defense contractors in 2025, with its defense revenue surging to $10.44 billion, according to the annual ranking released Monday by US publication Defense News. This reflects the South Korean defense industry's growing export presence, particularly in Europe. Three other South Korean defense companies—LIG Nex1, Hyundai Rotem, and Korea Aerospace Industries—also made the top 100 for a second consecutive year.