WHY KOREA CAN’T COPE WHEN DEFENCE CUSTOMERS DEMAND OFFSETS

South Korea, whose Defence Acquisition Programme Administration (DAPA) imposes exacting and stringent demands on foreign contractors selling defence equipment, struggles when buyers make similar demands. The challenge is costing valuable orders. Korea’s leading defence exporters, including Daewoo Shipbuilding and Marine Engineering (DSME), Hanwha Land Systems, and Korea Aerospace Industries (KAI) have...

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