Sunday, February 23, 2025

South Korea Secures Massive Arms Export

Hanwha Aerospace

On the 10th, the Defense Acquisition Program Administration (DAPA) announced that a contract for the export of K-9 self-propelled howitzers to Romania was signed on the 9th.

According to DAPA, this contract signed between Hanwha Aerospace and the Romanian Ministry of Defense is worth approximately $939 million and includes 54 K-9 self-propelled howitzers, 36 K-10 ammunition resupply vehicles, and other various vehicles and ammunition.

Recognized for its excellent performance, the K-9 self-propelled howitzer holds the top market share in the global export market. It has been adopted and is in operation by many North Atlantic Treaty Organization (NATO) and European Union (EU) countries.

With this export contract, Romania has become the ninth export country for the K-9 self-propelled howitzer, following Australia, Egypt, India, Norway, Estonia, Turkiye, Poland, and Finland.

Since the 15th anniversary of the establishment of their strategic partnership in 2023, South Korea and Romania have been actively conducting high-level exchanges, with the defense industry playing a key role in promoting friendly relations between the two countries.

Three exchanges have taken place since last year, including the Romanian president’s visit to South Korea, mutual visits by the prime ministers of the two countries, and the visit of the Romanian Minister of Defense to South Korea.

Since May, the head of DAPA and the Minister of National Defense visited Romania and actively supported the negotiation of this export contract through meetings with key officials such as the Minister of Defense.

With the export of the K-9 self-propelled howitzer following the Shin-Gung last year, Romania has become a major defense cooperation country in Central Europe. DAPA plans to continue various export support activities, including promoting the excellent performance of South Korea’s Redback armored vehicle, to win the future contract for Romania’s project that seeks to acquire infantry fighting vehicles.

DAPA Director Seok Jong Geon stated, “Based on the successful export of the K-9 self-propelled howitzer, we expect to expand cooperation with Romania in ground weapon systems such as the Redback armored vehicle and K-2 tank. We also hope to expand guided weapon projects including the air defense system. DAPA will cooperate with companies to continuously support defense exports.”

Hanwha Aerospace

Hot this week

Japan Marks 30 Years Since Tokyo Subway Sarin Attack with New Website to Educate Youth

Japan plans a website to mark the 30th anniversary of the Aum Shinrikyo sarin attack, educating youth about its impact and legacy.

Meta Shares Plunge, Ending Record-Setting 17-Day Run

Meta Platforms' stock fell sharply, ending a 20-day winning streak and erasing recent gains amid profit-taking and market decline.

S&P 500 Hits New High, But Tech Giants Face Struggles in the Market

The NYSE saw a broad rally with the S&P 500 reaching a new high, while M7 tech stocks struggled, notably Meta's decline.

Why Using Cotton Swabs in Your Ears is Dangerous, According to Health Experts

Experts warn against using cotton swabs to clean ears, as it can worsen earwax buildup and potentially lead to tinnitus.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Topics

Japan Marks 30 Years Since Tokyo Subway Sarin Attack with New Website to Educate Youth

Japan plans a website to mark the 30th anniversary of the Aum Shinrikyo sarin attack, educating youth about its impact and legacy.

Meta Shares Plunge, Ending Record-Setting 17-Day Run

Meta Platforms' stock fell sharply, ending a 20-day winning streak and erasing recent gains amid profit-taking and market decline.

S&P 500 Hits New High, But Tech Giants Face Struggles in the Market

The NYSE saw a broad rally with the S&P 500 reaching a new high, while M7 tech stocks struggled, notably Meta's decline.

Why Using Cotton Swabs in Your Ears is Dangerous, According to Health Experts

Experts warn against using cotton swabs to clean ears, as it can worsen earwax buildup and potentially lead to tinnitus.

Trump Media Group Posts Losses as Truth Social Faces Declining Revenue

TMTG, Trump's media company, reported losses despite stock rise; Truth Social's revenue fell, citing legal costs and ad agreement changes.

Fed’s Waller Downplays Inflation Risks from Trump Tariffs, Dismisses Rate Cut Concerns

Waller downplays tariff inflation risks, suggesting limited impact on Fed policy as rates remain stable amid economic growth.

Sleeping in Dirty Socks? Study Reveals It’s Worse Than You Think

Wearing dirty socks to bed can harm health; clean socks improve sleep quality and hygiene practices are recommended.

Egg Prices Skyrocket as U.S. Faces Backlash Over Avian Flu Response Cuts

Avian influenza causes egg prices to soar in the U.S., while the Trump administration faces backlash for layoffs in response personnel.

Related Articles