South Korea looks to spur exports through offsets

06 March 2018

South Korea’s Defense Acquisition Program Administration (DAPA) is to launch an initiative aimed at boosting exports through offsets.

The initiative – focused on supporting local involvement in international supply chains – continues DAPA’s focus on developing local small and medium-sized enterprises (SMEs).

A DAPA official told Jane’s on 5 March that it plans to enhance support for local SMEs looking to participate in offsets linked to major procurement programmes.

DAPA has already identified 18 acquisition projects through which the export focus will be pursued.

These include contracts linked to the development of FFX-III frigates for the Republic of Korea Navy, and the upgrade of CH-47D Chinook heavy-lift helicopters operated by the Republic of Korea Army and Air Force.

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