The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Family of 5 found dead in 3 separate locations

  • 3

    All-Korean showdowns set up on 1st day of medal race

  • 5

    Opposition party leader ends 24-day hunger strike for treatment

  • 7

    Exhibition for soldiers highlights North Korea's human rights abuses

  • 9

    Sil-A overcomes stage fright, and them some

  • 11

    Historic NASA asteroid mission set for perilous return

  • 13

    Hangzhou Asian Games open after COVID-enforced delay

  • 15

    Top diplomats of Korea, Iran discuss bilateral ties following frozen funds transfer

  • 17

    Korea's top-ranked Go player wants to capitalize on rare chance

  • 19

    EU does not want to decouple from China but must protect itself: EU trade chief

  • 2

    Xi says he will seriously consider visit to South Korea: official

  • 4

    Understanding Korean Modernization

  • 6

    Bears of Joseon part 1: Fanciful tales and deadly claws

  • 8

    US finalizes national security 'guardrails' for CHIPS funding

  • 10

    PM departs for China for Asian Games, meeting with Xi

  • 12

    Allies vow stern measures against Russia-NK arms deal

  • 14

    Korea looking to hit ground running on 1st day of medal events

  • 16

    League of Legends, other esports join Asian Games in competition for first time

  • 18

    Yoon returns home from New York trip

  • 20

    PHOTOSOpening ceremony of 19th Hangzhou Asian Games

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Mon, September 25, 2023 | 02:56
Defense
Yoon expected to promote arms exports during NATO trip
Posted : 2022-06-28 15:51
Updated : 2022-06-28 16:11
Kang Seung-woo
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
President Yoon Suk-yeol and first lady Kim Keon-hee arrive in Madrid, Spain, Monday (local time). Yonhap
President Yoon Suk-yeol and first lady Kim Keon-hee arrive in Madrid, Spain, Monday (local time). Yonhap

Industry expects president's arms marketing to help exports

By Kang Seung-woo

President Yoon Suk-yeol is expected to engage in marketing efforts in his first overseas trip since his inauguration toward exporting domestically developed weapons that are currently capturing attention from countries amid Russia's invasion of Ukraine.

Yoon is now attending the NATO Summit in Madrid, Spain, where he will discuss security and economic ties with world leaders.

Although Korea does not belong to the 30-member alliance, it was invited along with Japan, Australia and New Zealand as the organization's Asia-Pacific partners.

The expectations come as a number of countries have shown interest in Korean-made military hardware as part of efforts to boost military capabilities in light of the war in Ukraine.

The local defense industry is particularly focusing on Yoon's summit with his Polish counterpart Andrzej Duda, scheduled for Wednesday (local time), as the two leaders may close an arms deal during the bilateral talks.

Yoon to agree to new partnership with NATO in second half of year
Yoon to agree to new partnership with NATO in second half of year
2022-06-28 18:32  |  Foreign Affairs

The Central European country is one of the most enthusiastic about purchasing Korean weaponry such as Korea Aerospace Industries' (KAI) FA-50 light fighter jet and Hyundai Rotem's K2 tank.

Polish Defense Minister Mariusz Blaszczak and a delegation visited Korea late last month and early this month, respectively, and toured defense firms as well as military units operating the weapons in which the country is interested.

The minister expressed intent to buy 48 FA-50s worth a total 2 trillion won ($1.55 billion), according to media reports, and the country's armament agency said the aircraft was being considered as a platform for strengthening the Polish Air Force. Poland has already decided to hand off its MiG-29s to Ukraine.

For the delegation's part, it toured Air Force and Army units operating the FA-50, the K-30 Biho self-propelled 30-millimeter anti-aircraft gun and the Chunmoo multiple rocket launcher.

In addition, they also made a visit to defense companies, including Hanwha Systems and LIG Nex1, both of which have developed active electronically scanned array radar systems, and Hanwha Defense, which developed the Chunmoo.

Along with Poland, some NATO member nations are also on local defense firms' radar, according to the defense industry.

A defense industry official said Yoon's expected promotion of local weapons to NATO countries will pave the way for Korean companies to gain a footing in the tough European market that is traditionally hostile to Korean products. NATO is comprised of 28 European countries and two North American ones.

"Aircraft and some other products are items marketed by the president to other countries. In that respect, if he promotes arms exports while meeting other countries' leaders at the multilateral conference, the defense industry surely views it positively," the official said.

According to government sources, cooperation in the areas of national defense and arms sales will be on the agenda during Yoon's summits with leaders of NATO member nations.

"Even though we do not know what the exact agenda will be during the meetings with the leaders, promotion itself during summits would be a good signal," the official said.




Emailksw@koreatimes.co.kr Article ListMore articles by this reporter
 
miguel
Top 10 Stories
1Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation
2Samsung, SK relieved by revised chip restrictions on China Samsung, SK relieved by revised chip restrictions on China
3Bears of Joseon part 2: Behind bars Bears of Joseon part 2: Behind bars
4Seoul, Beijing try to mend fences as Russia and N. Korea grow closerSeoul, Beijing try to mend fences as Russia and N. Korea grow closer
5Mirae Asset Global Investments' AUM reaches $219 bil. Mirae Asset Global Investments' AUM reaches $219 bil.
6S. Korea to stage massive military parade as tensions with North remain highS. Korea to stage massive military parade as tensions with North remain high
7JTI Korea joins Jongno clean-up JTI Korea joins Jongno clean-up
8Patients, doctors at loggerheads as operating room CCTV footage made mandatoryPatients, doctors at loggerheads as operating room CCTV footage made mandatory
9CKD Kochon Foundation awards Ukraine health authorities for treating tuberculosis patients amid raging war CKD Kochon Foundation awards Ukraine health authorities for treating tuberculosis patients amid raging war
10Low growth becomes new normal for Korean economy Low growth becomes new normal for Korean economy
Top 5 Entertainment News
1TEMPEST gears up to showcase fiery passion TEMPEST gears up to showcase fiery passion
2[INTERVIEW] Yim Si-wan went extra mile to portray legendary athlete in 'Road to Boston' INTERVIEWYim Si-wan went extra mile to portray legendary athlete in 'Road to Boston'
3BLACKPINK's contract renewal still in limbo BLACKPINK's contract renewal still in limbo
4[INTERVIEW] Virtual K-pop group MAVE: is more than just pretty pixels INTERVIEWVirtual K-pop group MAVE: is more than just pretty pixels
5Hebrew University students travel to Korea to explore musical landscape Hebrew University students travel to Korea to explore musical landscape
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group