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WSJ What’s News

Who’s the Next Big Arms Supplier? South Korea

WSJ What’s News

The Wall Street Journal

News, Daily News

4.14.2K Ratings

🗓️ 20 September 2023

⏱️ 16 minutes

🧾️ Download transcript

Summary

A.M. Edition for Sept. 20. Ukraine’s demand for artillery is powering rapid growth for weapons manufacturers half a world away. Journal reporter Dasl Yoon explains how South Korean industry is responding to current demand and could grow further in the years to come. Plus, Ford avoids simultaneous labor strikes by cutting a deal with auto workers in Canada And the Fed prepares to unveil its latest interest-rate decision. Luke Vargas hosts. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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0:23.0

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0:26.0

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0:34.0

The Fed prepares to unveil its latest rate move as central bankers across the pond

0:39.0

are treated to rare good news on inflation.

0:43.0

Plus a breakthrough in union auto talks north of the border

0:47.0

and how South Korea became the world's fastest growing arms exporter.

0:52.0

South Korea's strengths and exports is that they're cheap, fast and they're generous

0:56.0

and their technology transfers. And on top of that, they're willing to build

1:00.0

manufacturing facilities and other countries to help manufacture their own.

1:04.0

And so NATO countries that traditionally turn to each other for weapons,

1:07.0

they're now turning to South Korea.

1:09.0

It's Wednesday, September 20th. I'm Luke Vargas for the Wall Street Journal,

1:13.0

and here is the AM edition of What's News, the top headlines and business stories

1:19.0

moving your world today.

1:22.0

All eyes are on the Fed today as central bank officials are expected to hold interest rates steady

...

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