SEOUL, March 18 (Yonhap) -- South Korea has domestically developed a slip ring, a key component of naval guns and other military equipment that it has found increasingly difficult to import due to export restrictions, Seoul's state arms acquisition agency said Monday.
A slip ring is a device that enables the transmission of power and electrical signals to a rotating structure. In 2014, South Korea launched a project worth 1.2 billion won (US$1.05 million) to develop it to ensure a stable supply of the component.
The Defense Acquisition Program Administration (DAPA) said that with the indigenous development of the slip ring, South Korea will be able to save 1 billion won in procurement costs over the next five years.
The slip ring is also used for various civilian products, including cutting-edge medical equipment such as magnetic resonance imaging devices and wind power generators.
"By continuing to locally develop components, we will support the stable operation of our military and make efforts to help local companies strengthen their technological edge and competitiveness," a DAPA official said.
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