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South Korea Aims for Top 4 in Global Defense Industry with Upgraded Weapons Systems

SEOUL, Sept. 18 (Korea Bizwire) – With the South Korean government pushing to strengthen its defense industry competitiveness and become one of the world’s top four arms exporters, the country’s flagship weapons systems are undergoing significant upgrades to expand their presence in the global market. At the International Defense Industry Exhibition (MSPO) held in Poland earlier [...]

New K-2 Battle Tanks to Use Imported Transmission

SEOUL, Oct. 13 (Korea Bizwire) — South Korea plans to complete the mass production and deployment of additional K-2 main battle tanks by 2020, three years behind the original target date, due to technical setbacks, the state arms agency said Friday. The Defense Acquisition Program Administration (DAPA) initially sought the domestic supply of a powerpack, [...]