A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
The South Korean government plans to trim around KRW300 billion ($245 million) from the country’s 2020 defense allocation in order to bolster its economic relief effort in light of the …
Due to COVID-19, South Korea Plans Fresh Cut to 2020 Defense Budget Read More As South Korea seeks to mitigate economic fallout and social disruption in the wake of the novel coronavirus (COVID-19) pandemic, the government is looking for areas with which to shift …
South Korea Plans Defense Budget Reduction in Wake of COVID-19 Pandemic Read More
The U.S. State Department has cleared a potential $800 million Foreign Military Sale (FMS) of 12 Sikorsky MH-60R Seahawk multimission helicopters intended for the Republic of Korea (ROK) Navy. The …
State Department Clears South Korean FMS Request for 12 MH-60R Helicopters Read More
After several years of restructuring its operations, a new Hyundai Heavy Industries Group has emerged. Through a complex shareholding arrangement, the various operations have been collated under one banner, with …
Hyundai Heavy Industries to Remain Top Shipbuilder as Daewoo Buy Moves Ahead Read More South Korea’s Defense Project Promotion Committee gave the go-ahead on April 30 for two major naval projects involving production of next-generation destroyers and submarines for the Republic of Korea Navy …
South Korea Green-Lights Key Naval Projects Read More by C. Zachary Hofer, Defense Electronic Systems Analyst, Forecast International. According to a February 25th report from Chosun Biz out of the Republic of Korea, Korean defense contractor Hanwha Systems has begun …
Integrated C-UAV System Under Development at Korea’s Hanwha Systems Read More The Trump administration is leveling a weighty demand at South Korea in order to exact more funding for the basing of American troops on South Korean soil. The administration is …
Trump Administration Demands South Korea Pay $1 Billion for Stationing of Troops Read More VIDEO – South Korea’s Defense Ministry unveils its latest five-year budgetary blueprint.
South Korea Unveils 5-Year Defense Spending Plan Read More South Korea’s Defense Ministry unveiled its next five-year budgetary blueprint on January 11, which indicates an average annual hike of 7.5 percent. The blueprint covers the fiscal period between 2019 …
South Korea Plans Five-Year Defense Spending Hike with Missile Defense and Counter-Fire Capability in Mind Read More Thales Alenia Space has signed two contracts to develop a constellation of high-resolution observation radar satellites under the 425 Project for the South Korean Agency for Defense Development (ADD). The …
Thales Alenia Space Awarded Contract to Build South Korean Reconnaissance Satellite Network Read More