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Analysis Why AUKUS could have knock-on effects on South Korea-Australia defense tiesChanging security environment in Indo-Pacific is giving Canberra second thoughts about acquiring South Korean weapons When Seoul and Canberra concluded a $1 billion contract with defense giant Hanwha a little over a year ago, it marked a historical point in Australia’s defense strategy as the first major deal with an Asian country. In a following contract, the South Korean firm far exceeded that deal by reportedly winning the bid to supply the Australian Defense Force with 450 Infantry Fighting Vehicles (IFV), which are worth about $27 billion. It is the Australian army’s largest acquisition program. If successfully concluded, the deal would supersede the previous Hanwha contract to mark the most significant development in South © Korea Risk Group. All rights reserved. |





