A Forecast International blog about the arms trade, geopolitics, defense and security, and military spending.
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 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 MoreSign up for the latest blog posts and products sent straight to your inbox.