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http://dx.doi.org/10.9708/jksci.2022.27.10.235

A Study on the Finding of Promising Export Items in Defense industry for Export Market Expansion-Focusing on Text Mining Analysis-  

Yeo, Seoyoon (Korea Researcher Institute for Defense Technology Planning and Advancement)
Jeong, Jong Hee (Department of Smart Distribution and Logistics, Gyeongsang National University)
Kim, Seong Ho (Department of Smart Distribution and Logistics, Gyeongsang National University)
Abstract
This paper aims to find promising export items for market expansion of defense export items. Germany, the UK, and France were selected as export target countries to obtain unstructured forecast data on weapons system acquisition plans for the next ten years by each country. Using the TF-IDF in text mining analysis, keywords that appeared frequently in data from three countries were derived. As a result of this paper, keywords for each country's major acquisition projects drawing. However, most of the derived keywords were related to mainstay weapon systems produced by domestic defense companies in each country. To discover promising export items from text mining, we proposed that the drawn keywords are distinguished as similar weapon systems. In addition, we assort the weapon systems that the three countries will get a plan to acquire commonly. As a result of this paper, it can be seen that the current promising export item is a weapon system related to the information system. Prioritizing overseas demands using key words can set clear market entry goals. In the case of domestic companies based on needs, it is possible to establish a specific entry strategy. Relevant organizations also can provide customized marketing support.
Keywords
Defense industry; Export market expansion; Promising export items; Text mining; Weapon systems;
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Times Cited By KSCI : 5  (Citation Analysis)
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