{"id":2200091,"date":"2023-02-14T02:39:50","date_gmt":"2023-02-14T02:39:50","guid":{"rendered":"https:\/\/www.nknews.org\/koreapro\/?p=2200091"},"modified":"2023-04-05T16:09:46","modified_gmt":"2023-04-05T07:09:46","slug":"boosting-arms-exports-via-private-military-cooperation","status":"publish","type":"post","link":"https:\/\/koreapro.org\/2023\/02\/boosting-arms-exports-via-private-military-cooperation\/","title":{"rendered":"Boosting arms exports via private-military cooperation"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The ROK government will <\/span><a href=\"https:\/\/www.korea.kr\/news\/policyNewsView.do?newsId=148911692&amp;pWise=sub&amp;pWiseSub=C4\"><span style=\"font-weight: 400;\">invest<\/span><\/a><span style=\"font-weight: 400;\"> more than $1.1 billion (1.5 trillion won) by 2027 in civilian-military technology cooperation to aid the defense industry\u2019s growth and export goals. The government\u2019s investment will focus on specific technologies such as space, artificial intelligence, cyber and robotics. In addition, it plans to appropriate $78.8 million (100 billion won) a year for small and medium-sized defense firms to improve the country\u2019s ability to rely on itself for defense acquisition.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Minister of National Defense Lee Jong-sup, who presided over the meeting, said, \u201cThe record-high defense exports that amounted to $17.3 billion last year confirm that South Korea\u2019s weapons systems are sufficiently competitive in the global market. The defense industry is a strategic industry that strengthens our national defense and helps to grow our economy.\u201d Minister of Trade, Industry and Energy Lee Chang-yang added that the government would provide \u201cstrong government-wide support\u201d so that the ROK\u2019s defense industry\u2019s global market share would exceed 5% and become one of the world\u2019s top four arms-exporting countries.<\/span><\/p>\n<p><b>Why It Matters<\/b><\/p>\n<p><span style=\"font-weight: 400;\">South Korea\u2019s arms exports reached their highest level last year, primarily due to its record-breaking <\/span><a href=\"https:\/\/www.nknews.org\/koreapro\/2022\/09\/south-koreas-defense-industry-looks-to-europe-with-major-polish-arms-deal\/\"><span style=\"font-weight: 400;\">arms deal<\/span><\/a><span style=\"font-weight: 400;\"> with Poland. The ROK is hoping to repeat that success this year. South Korea recently <\/span><a href=\"https:\/\/koreajoongangdaily.joins.com\/2023\/02\/07\/national\/defense\/Korea-Hanwha-Aerospace-K9\/20230207184350465.html\"><span style=\"font-weight: 400;\">signed<\/span><\/a><span style=\"font-weight: 400;\"> a memorandum of understanding (MOU) with Romania to export K9 self-propelled howitzers and infantry fighting vehicles (IFV) and will <\/span><a href=\"https:\/\/www.defensenews.com\/video\/2023\/02\/13\/turkeys-altay-to-source-transmission-from-south-korea-defense-dollars\/\"><span style=\"font-weight: 400;\">supply<\/span><\/a><span style=\"font-weight: 400;\"> transmissions for Turkey\u2019s first indigenous tank. However, there have also been setbacks, namely when Norway <\/span><a href=\"https:\/\/www.defensenews.com\/global\/europe\/2023\/02\/03\/norway-wants-to-buy-dozens-of-new-leopard-2-tanks\/\"><span style=\"font-weight: 400;\">selected<\/span><\/a><span style=\"font-weight: 400;\"> Germany\u2019s Leopard 2A7 as the country\u2019s next main battle tank over South Korea\u2019s K2 Black Panther.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, the ROK\u2019s push to become one of the world\u2019s top four arms-exporting countries could come at the expense of modernizing its military. As South Korea works to fill foreign orders, its military must wait for newer weapon platforms.<\/span><\/p>\n<div class=\"content-tags\"><a href=\"https:\/\/koreapro.org\/tag\/business-economy\/\"><span class=\"tag\">Business &amp; Economy<\/span><\/a><a href=\"https:\/\/koreapro.org\/tag\/defense-security\/\"><span class=\"tag\">Defense &amp; Security<\/span><\/a><\/div>","protected":false},"excerpt":{"rendered":"<p>The ROK government will invest more than $1.1 billion (1.5 trillion won) by 2027 in civilian-military technology cooperation to aid the defense industry\u2019s growth and export goals. The government\u2019s investment will focus on specific technologies such as space, artificial intelligence, cyber and robotics. In addition, it plans to appropriate $78.8 million (100 billion won) a [&hellip;]<\/p>\n","protected":false},"author":10407,"featured_media":2200092,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[30],"tags":[24,26],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boosting arms exports via private-military cooperation - KOREA PRO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/koreapro.org\/2023\/02\/boosting-arms-exports-via-private-military-cooperation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boosting arms exports via private-military cooperation - KOREA PRO\" \/>\n<meta property=\"og:description\" content=\"The ROK government will invest more than $1.1 billion (1.5 trillion won) by 2027 in civilian-military technology cooperation to aid the defense industry\u2019s growth and export goals. 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