South Koreas’s arms procurement agency, Defense Acquisition Program Administration (DAPA) launched an institution, Defense Export Promotion Center (DEPC).
The DEPC will help Korea to advance into foreign markets and will provide defense firms with a comprehensive package of support, such as export-related administrative procedures and other services, DAPA said in a statement.
"The opening of this center signals that DAPA is making a shift towards the export sector from its mission focused on raising local defense firms," Wang Jung-hong, the DAPA chief was quoted by Korea Herald as saying on Monday.
As part of efforts to boost arms exports, Seoul is seeking to increase the number of countries that South Korea has a memorandum of understanding on defense industry cooperation to 50 by 2022 from the current 39, the report stated.
It also has a step-by-step plan to create a support system "to the level of advanced countries, such as Britain and Israel." The plan includes installing a defense industry promotion agency aimed at supporting the local development and production of defense component parts, small and medium-sized firms and venture startups.
South Korea's Navy received a new 4,500-ton landing ship, the Nojeokbong vessel on Wednesday. The new ship capable of speedy and long-distance military support operations was delivered to the Navy during Hyundai Heavy Industries' event at a shipyard in Ulsan, 370 km southeast of Seoul, DAPA (Defense Acquisition Program Administration) said
US and South Korean officials fail to reach consensus on splitting the bill of the American soldiers stationed on the peninsula during the ninth round of bargaining, a government official stated on Monday. Senior diplomats of the two sides had three-day talks on the Special Measures Agreement (SMA) to set the amount of Seoul's financial contributions for the 28,500-strong U
Northrop Grumman has inked a deal with South Korean Defense Acquisition Program Administration (DAPA) to provide Republic of Korea Global Hawk HUAV (High-altitude Unmanned Aerial Vehicle) fleet with Contractor Logistics Support (CLS). The contract includes providing timely site activation in South Korea, complete training packages for pilots, operators and maintainers of the system; and a team of subject matter experts to provide seamless on-site and reach-back CLS support, the company said in a statement Wednesday
South Korea plans to sign a military aircraft swap deal with Spain during their joint committee meeting on defense industry cooperation in Madrid later this week. Under the plan, Korea is expected to sell 30 KT-1 basic trainer jets and 20 T-50 advanced trainer jets, manufactured by Korea Aerospace Industries (KAI), to Spain,
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South Korean state-run Agency for Defense Development will deploy newly developed weapon system, including ship-based guided interceptors next year. ADD has already completed the development of the guided missile, named Haegung (sea bow), designed to intercept incoming enemy missiles or shoot down aircraft, Yonhap news agency reported quoting unnamed defense industry officials as saying Sunday
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