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Wednesday, January 06, 2010

Korea Sets Goal of $1.5 Bil. of Arms Sales This Year

T-50 Golden EagleThe Defense Acquisition Program Administration (DAPA) has set a goal of achieving $1.5 billion in defense exports this year, up 28 percent from last year's 1.17 billion, the largest amount ever.

``To this end, pan-government efforts to pioneer worldwide defense markets and come up with related measures will be implemented,'' a DAPA spokesman said.

Last year's exports marked a 13 percent increase from the previous year's $1.03 billion, he said.

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