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S. Korea to hold defense expo this week to bolster weapons export

All Headlines 17:01 September 06, 2016

SEOUL, Sept. 6 (Yonhap) -- South Korea will hold a defense-related exhibition near Seoul later this week to promote locally built weapons systems and export them to overseas buyers, the defense ministry said Tuesday.

Some 400 defense industry companies, including 80 multinational firms, will be on hand to hold talks with potential buyers at the Defense Expo Korea 2016, a biennial exhibition which will run Wednesday through Saturday at the KINTEX exhibition hall in Goyang, Gyeonggi Province, the ministry said in a statement.

"The prime goal of DX Korea 2016 is to help Korean firms export the weapons they produce ranging from K-9 self-propelled howitzers, K-21 armored fighting vehicles to the Hyungung anti-tank guided missile," a ministry spokesman said

Companies from such countries as the United States, Germany and Israel will set up booths at KINTEX to showcase their weaponry. Domestically, companies such as Hanwha Thales, LIG Nex1, Poongsan Corp. and Hyundai-Rotem Co. plan to attract buyers with their latest cutting edge armaments, he said.

In this photo taken on Dec. 1, 2015, an executive from South Korean arms manufacturer LIG Nex1 explains its weapons systems to military officials from the defense ministry of Columbia at Expo Defensa 2015. (Yonhap)

The defense ministry said businesses are not the only participants since military chiefs of staff and senior military officials have been invited to the exhibition from 35 countries, the statement said.

Ordinary visitors will be allowed to watch demonstrations of KIA1 and K-2 main battle tanks and to experience an armored vehicle in a separate outdoor exhibition hall from Sept. 7-9. On Sept. 10, they will be allowed to look around inside the exhibitions venue, it said.

The Association of the Republic of Korea Army (AROKA) hosted the first biennial event in 2014 with support from the defense ministry, the Army and the state defense procurement agency.

kyongae.choi@yna.co.kr
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