South Korea Set to Commence Development of Shipborne Missile Interceptor This Year

SEOUL, Feb. 10 (Korea Bizwire) – South Korea seeks to start developing an advanced ship-based missile interceptor this year, the state arms procurement agency has said, amid efforts to counter evolving North Korean military threats. Last year, the country’s defense authorities approved a 690 billion-won (US$520 million) project set to run through 2030 to develop [...]