Monday, June 2, 2025

Exposed: South Korean Coastal Drone ProjectContractor Caught Using Chinese Drones

News1

On July 9, it was confirmed that the body of the drone used in the coastal reconnaissance drone project ordered by South Korea’s Defense Acquisition Program Administration (DAPA) was not Korean-made but Chinese-made.

DAPA stated, “Recently, the company admitted that the aircraft used for testing and evaluation was not domestically produced but of Chinese origin. We are currently reviewing legal action,” adding, “We will take strict follow-up measures according to relevant laws and regulations as soon as the legal review is completed.”

According to the DAPA, this company claimed that although they have imported Chinese-made bodies, they only referred to their shape. The company was selected as a preliminary negotiation candidate for the project worth $31 million in April this year.

Previously in March, the DAPA received a complaint regarding suspicions that the company was using Chinese-made drones, but it was unable to verify the facts at that time.

Since then, in cooperation with the police and the customs office, the DAPA has been conducting in-depth verification on whether it was domestically produced by reviewing the company’s evidence and on-site inspections from last month until recently. It was confirmed that it was not domestically produced.

The company is highly likely to be designated as a disqualified contractor, which would revoke its eligibility to participate in future projects ordered by DAPA and other agencies.

The coastal reconnaissance drone project is the first project to be actualized through the Rapid Demonstration Acquisition System introduced in 2020. This system aims to quickly acquire weapon systems equipped with innovative new technologies from the private sector, following the technological advancements of the Fourth Industrial Revolution. The acquired systems are then swiftly integrated into military power after purchase and trial operation by the military.

Hot this week

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

WTI Slides to $60.94 as Traders Brace for OPEC+ Production Pivot

Oil prices fell despite a drop in U.S. inventories, influenced by expected OPEC+ output increases in an upcoming meeting.

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Topics

Nvidia’s $7B Blow from China Sanctions Doesn’t Stop Global Chip Rally

Nvidia's strong earnings boosted semiconductor stocks globally despite export restrictions to China, highlighting its market influence.

Nvidia’s Surprise Earnings Spark a Stock Market Rally

New York stocks rose after Nvidia's strong earnings, boosting the AI sector, despite ongoing tariff uncertainties affecting the market.

WTI Slides to $60.94 as Traders Brace for OPEC+ Production Pivot

Oil prices fell despite a drop in U.S. inventories, influenced by expected OPEC+ output increases in an upcoming meeting.

Trump’s Bold Move: Retirement Funds Can Now Flow into Bitcoin Investments

The Trump administration allows Bitcoin investments in pension accounts, reversing Biden-era restrictions, potentially benefiting the Trump family.

WTI and Brent Crude Climb on Renewed Supply Fears

Oil prices surged due to supply concerns and geopolitical tensions, despite OPEC+ plans to maintain production levels.

Nvidia Beats Expectations with AI-Driven Growth, Stock Rallies Post-Close

The New York stock market fell ahead of Nvidia's earnings, which later exceeded expectations, boosting investor confidence and tech stocks.

First Sale Rule Gains Renewed Traction Amid New U.S. Tariffs

As tariffs rise, companies are revisiting the First Sale Rule to lower import duties, despite its strict requirements and paperwork.

OPEC+ Meeting Spurs Market Caution, Drives Oil Prices Lower

Oil prices fell as OPEC+ plans to boost output, with Brent crude at $64.09 and WTI at $60.89 per barrel amid rising supply expectations.

Related Articles