SEOUL, May 2 (Korea Bizwire) — A South Korean civilian-government delegation recently wrapped up a four-nation Latin America visit to promote defense exports, the state arms procurement agency said Friday, as Seoul seeks to diversify its overseas arms sales. The delegation, comprising officials from the Defense Acquisition Program Administration (DAPA), defense and foreign ministries, and [...]
SEOUL, June 11 (Korea Bizwire) — Poland emerged as the source of South Korea’s fifth-biggest trade surplus in the January-April period thanks to increased defense industry exports, trade data showed Sunday. South Korea posted a surplus of US$2.71 billion in trading with Poland during the January-April period, following the surplus of $10.85 billion with the [...]
SEOUL, March 14 (Korea Bizwire) — The coronavirus pandemic is likely to affect South Korea’s exports of weapons and other military items, including K-9 howitzers to Estonia, sources said Saturday. Estonia has been pushing to buy six more K-9 Thunder self-propelled howitzers this year following their purchase of 12 units last year, according to foreign [...]