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 …
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 …
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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 …
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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 …
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 …
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 …
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 …
Read More VIDEO – South Korea’s Defense Ministry unveils its latest five-year budgetary blueprint.
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 …
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 …
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