1. Home
  2. News
  3. Seoul puts a premium on military imports

Seoul puts a premium on military imports

by Jon Grevatt

South Korea plans to boost self-reliance through the implementation of reforms that will provide advantages to local defence firms over foreign bidders.

The move was confirmed in a notice issued by the South Korean Ministry of Trade, Industry and Energy (MOTIE) on 11 August.

The ministry said that one of the proposed measures will introduce a “premium” on imports that could make foreign equipment up to 1.5 times more expensive to procure than similar locally manufactured products.

Already a Janes subscriber? Read the full article via the Client Login
Interested in subscribing, see What we do

Share

Business strategies Company and product strategies Defence companies and markets Defence procurement Defence procurement policies Korea, South
https://www.janes.com/defence-news/news-detail/seoul-puts-a-premium-on-military-imports

South Korea plans to boost self-reliance through the implementation of reforms that will provide adv...

Request Consultation

Request a free consultation to discover how Janes can provide you with assured, interconnected open-source intelligence.

Details