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global defence exports: South Korea, Romania pledge defence cooperation amid reports of contract in works

South Korea and Romania have pledged to enhance defense industry cooperation, including joint production of weapons, as South Korea aims to become the world s fourth-largest arms exporter. South Korea s Hanwha Aerospace is reportedly in talks for a 1 trillion won ($725.7 million) deal to supply K9 howitzers to Romania, its first defense contract with the country. Meanwhile, Poland is set to sign a $1.6 billion contract for 70 Chunmoo rocket artillery units from Hanwha Aerospace, as part of its $22 billion arms purchase from South Korea. ....

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$22 Bln Arms Deal Reexamined as Poland, South Korea Rethink Threat of Regional Wars

Warsaw is debating whether to proceed with the acquisition of billions of dollars-worth of additional South Korean military hardware amid questions over the terms of a loan. The deadlock may be just the thing both countries need to avoid a further escalation of tensions in Eastern Europe and the Korean Peninsula, a geopolitical observer says. ....

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