14 September 2021
by Jon Grevatt
Janes Defence Budgets forecasts that South Korea will increase funding for military procurement by about USD1 billion over the coming five years. (Janes Defence Budgets)
South Korea's Defense Acquisition Program Administration (DAPA) has disclosed to
details about a new industry policy that will shape the way it engages with foreign contractors.
DAPA said its Korea Defense Capability (KDC) programme will prioritise local sourcing through industrial co-operation projects linked to defence contracts.
The objective of the plan is to spur local industrial capability and enhance the supply of equipment and services to the Republic of Korea (RoK) Armed Forces.
In comments to
, DAPA compared the new policy to the US' Buy American Act, Canberra's Australian Industry Capability (AIC) scheme, and New Delhi's ‘Make in India' initiative.
Like in India, South Korea's KDC policy will operate alongside the country's existing defence offset guidelines, which were most recently updated in March 2020.
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