South Korea’s President Yoon Suk-yeol has pledged to step up efforts to boost weapon exports and secure cutting-edge defence technologies as he aims to build the country’s weapon industry.
On Thursday, Yoon hosted a meeting on promoting defence exports for the first time since taking office in May.
Yoon in a statement said; “The defence industry is a new future growth engine and the pivot of the high-tech industry.
“With the intensifying competition for technological supremacy, we need to secure technological competitiveness to develop game-changing weapon systems for future wars.”
Yoon called for better conditions for defence contractors to carry out research and investment and the establishment of an ecosystem capable of fostering a more export-oriented industry structure.
The meeting came four months after South Korea clinched its biggest-ever arms deal with Poland, estimated at up to 20 trillion Korean Won ($15bn).