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South Korea announces plans to boost defence exports

December, 2018

Procurement agency will focus on ‘industrial cooperation’ with foreign firms.

South Korea’s arms procurement agency, the Defense Acquisition Program Administration (‘DAPA’) has revised its defence offset policy as part of a drive to make its defence industry more competitive. The head of DAPA, Wang Jung-hong, appointed in August, had been petitioned by domestic manufacturers to do something about falling defence sales. According to news agency Yonhap, DAPA will focus on ‘industrial cooperation’ with foreign firms, instead of setting conditions involving technology transfers, which have been subject to enhanced export controls.  This ‘industrial cooperation’ system will require foreign exporters to supply defence goods containing Korean-made components.  It will also introduce a...

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