South Korea launched a defence business council on 3 April aimed at better positioning the country's defence industry to meet the requirements of the Republic of Korea (RoK) Armed Forces and maximise defence export opportunities.
The Ministry of National Defense (MND) said the new council, which comprises senior government and military officials, will act as a "consultative body" on policy issues that affect procurement and international sales.
It added that the council has been established to ensure the national defence industry's capabilities are consistent with the RoK Armed Forces' requirements outlined in the Defense Reform 2.0 initiative.
This programme, initiated in mid-2018, is geared towards streamlining the RoK Armed Forces and boosting capability through the introduction of the most advanced military technologies.
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