- South Korean defence exports reach USD3.19 billion in 2017
- European successes demonstrate growing competitiveness, says DAPA
South Korea’s defence industry achieved exports of USD3.19 billion in 2017, representing a 25% jump over international sales one year earlier, the Defense Acquisition Program Administration (DAPA) announced on 15 January.
DAPA attributed the increase to efforts to improve defence industrial capability within South Korea as well as an expanding profile of defence products, government support, a diversifying customer base, and enhanced marketing methods.
During 2017 South Korean notable defence exports included sales of Hanwha’s K9 Thunder 155 mm/52-calibre self-propelled tracked howitzer to Finland, India, and Norway; and eight Korea Aerospace Industries (KAI) T-50TH Golden Eagle advanced jet trainer aircraft to Thailand.
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