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Monday, June 24, 2013

S.Korea to buy European missiles

Taurus missileSouth Korea will buy European bunker-busting missiles as the United States refused to sell the same kind of weapons to the country, the state procurement agency said on Wednesday.

At a meeting presided over by Defence Minister Kim Kwan-Jin, the Defence Acquisition Program Administration (DAPA) approved a plan to purchase air-to-ground missiles with a 500-kilometre (312.5 mile) range from the German-Swedish joint venture Taurus System.

The number of missiles and proposed budget have not been confirmed yet, it said. But Yonhap news agency said South Korea planned to buy about 170 Taurus bunker busters worth more than $300 million in total.

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