A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
A government-to-government Foreign Military Sale (FMS) request by South Korea for acquisition of the F-35 combat aircraft has been approved by the U.S. State Department. Notification of the estimated $5.06 …
Republic of Korea Air Forces Get Clearance to Grow F-35 Fleet Read More
The South Korean government has approved a Defense Ministry request to raise the topline defense budget by 4.5 percent nominally year-on-year in 2024. The government intends to submit the budget …
South Korean Government Plans 4.5 Percent Rise for 2024 Defense Budget Read More
In what would prove to be yet another step in the process toward deepening Poland-South Korea defense ties, the Polish government is looking to join South Korea’s KF-21 Boramae combat …
Add the KF-21 Boramae to Poland’s South Korea Shopping Wish-List Read More On January 15, South Korea and the UAE signed two Memoranda of Understanding (MoU) to deepen bilateral defense ties. The first called for continuation of efforts in joint investment and …
South Korea’s Defense Industrial Green Shoots Continue to Spread Afar Read More
Negotiations for an expected 300-unit purchase of South Korean K239 Chunmoo multiple rocket launchers (MRLs) have wrapped up, and a contract should be signed this week, according to Poland’s defense …
Poland Readies Buy of South Korean Multiple Rocket Launchers Read More
In an effort to accelerate its broad military modernization initiative, the government of Poland has reached an agreement with South Korea for the supply of self-propelled howitzers (SPHs), main battle …
Poland Agrees to Massive Arms Package with South Korea Read More 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