K2 tanks Archives | Be Korea-savvy

South Korea to Equip K2 Tanks with Domestic Transmission System

SEOUL, Oct. 28 (Korea Bizwire) – South Korea’s defense authorities approved on Monday a plan to build K2 battle tanks with a homegrown transmission system, the state arms procurement agency said. Under the plan endorsed by the Defense Project Promotion Committee, K2 tanks will be equipped with a locally developed power pack, which comprises the [...]

South Korean Leading Banks to Assist Funding Arms Export to Poland

SEOUL, Nov. 10 (Korea Bizwire) – Five major commercial banks have been considering issuing a syndicated loan to help finance South Korean companies’ arms export to Poland, an industry source said Friday. Last year, South Korean companies secured major deals worth 17 trillion won (US$12.9 billion) to supply K2 tanks, K9 self-propelled howitzers, FA-50 light [...]