Security Office: "Government Accelerates Korea-US Defense Mutual Procurement Agreement... Improves Financial Support System"

The 3rd Defense Industry Export Strategy Evaluation Meeting Held

On the 22nd, the National Security Office announced that the government will accelerate the conclusion of the Korea-US Reciprocal Defense Procurement Agreement (RDP-A) to support the global defense market entry of Korean companies, and review improvements to the financial support system for defense exports to expand the institutional foundation in line with the growth trend of export scale.

On the same day, In Seong-hwan, the 2nd Deputy Director of the National Security Office, presided over the 3rd Defense Export Strategy Evaluation Meeting at the Yongsan Presidential Office, where he discussed mid- to long-term defense export promotion strategies with government ministries and defense companies, according to the Presidential Office.

The government plans to first become one team with companies to maintain close communication with existing partner countries and cooperate with new countries seeking collaboration in the manner most necessary to address their security threats, thereby enhancing the status of K-Defense.

On the 22nd, In Seong-hwan, the Second Deputy Director of the National Security Office, presided over the 3rd Defense Industry Export Strategy Evaluation Meeting at the Yongsan Presidential Office, discussing mid- to long-term defense industry export promotion strategies with government departments and defense companies.

In particular, the government decided to promptly pursue the conclusion of the Reciprocal Defense Procurement Agreement to strengthen defense cooperation between Korea and the United States. The Korean and US defense ministers stated in a joint statement released after the 55th Security Consultative Meeting (SCM) held in Seoul on the 13th that they "will strive to conclude the Reciprocal Defense Procurement Agreement."

Additionally, to continue the reputation of weapon systems such as the K-9 self-propelled howitzer, K-2 tank, and FA-50 light attack aircraft, the government plans to promote efficient defense research and development (R&D) and make every effort to secure defense technology capabilities to enhance export competitiveness.

Furthermore, the government will actively foster defense companies in new technology fields and reorganize support systems to strengthen the self-reliance of small and medium-sized enterprises.

The meeting was attended by officials from the Presidential Office, Ministry of National Defense, Ministry of Economy and Finance, Ministry of Foreign Affairs, Defense Acquisition Program Administration, and defense companies including Hanwha Aerospace, Hyundai Rotem, LIG Nex1, Korea Aerospace Industries (KAI), and HD Hyundai Heavy Industries.

In Seong-hwan, the 2nd Deputy Director of the National Security Office, emphasized, "Since the recently rapidly growing defense export-related systems have aspects that do not keep pace with reality, continuous efforts to improve related laws and systems are necessary," and urged, "Let the government and the private sector continue to unite and cooperate so that defense exports can directly contribute to the national economy and job creation."

This content was produced with the assistance of AI translation services.