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A Lee Jae-myung presidency could potentially bolster Korea's defense sector development.

Newly elected South Korean President Lee Jae-myung, known for emphasizing arms exports as a campaign pillar, is now under scrutiny by the global defense industry, anticipating whether he will fulfill his numerous pledges in this area.

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Newly-elected South Korean President Lee Jae-myung, known for his focus on arms exports in his...
Newly-elected South Korean President Lee Jae-myung, known for his focus on arms exports in his political campaign, is under the scrutiny of the global defense industry as they wait to see if he'll fulfill his numerous promises in this domain.

A Lee Jae-myung presidency could potentially bolster Korea's defense sector development.

"Prez Lee Jae-myung Hits ADD Headquarters on April 17"

Swinging by the Agency for Defense Development (ADD) headquarters in Daejeon, South Korea on the 17th of April, President Lee Jae-myung gets the ball rolling for potential defense related discussions [JOINT PRESS CORPS].

In the realm of South Korea's defense sector, the latest focus of the ADD isn't explicitly known. Yet, a few key initiatives and trends offer some insight:

  1. Defense Dollars Galore: South Korea has earmarked a whopping $222 billion for defense from 2021 to 2025. The cash injection fuels the development and acquisition of homegrown systems, like the KF-21 Boramae Multirole Aircraft and the K239 Chunmoo Multiple Rocket Launch System [3].
  2. Chips Rule the Game: The Defense Acquisition Program Administration (DAPA) targets semiconductor development for defense manufacturing. Specific projects in the pipeline include semiconductors for small satellites and radar systems [5].
  3. Go Global: Current president Lee Jae-myung pushes for a stronger Korean defense industry, aiming to make it the fourth-largest arms exporter globally. This includes strengthening international partnerships, such as a proposed team to help local shipbuilders secure U.S. Navy maintenance contracts [1].

Although these initiatives don't explicitly spell out the ADD's current agenda, they indicate South Korea's drive to advance its defense capabilities, minimize dependence on foreign tech, and beef up international cooperation and exports. Stay tuned for more updates!

  1. The visit by President Lee Jae-myung to the Agency for Defense Development (ADD) headquarters on the 17th of April might involve discussions on the government's recent policies and legislation related to the defense sector, such as plans to make South Korea one of the top four arms exporters globally.
  2. As part of its efforts to bolster the domestic defense industry, the South Korean government, including the ADD, has dedicated a significant portion of the defense budget to the development of homegrown defense systems and semiconductors for defense manufacturing.
  3. In line with the general news of South Korea's growing defense capabilities, the ADD's current agenda might also include initiatives to minimize dependence on foreign technology and increase international cooperation in the defense industry.
  4. The potential discussions at the ADD headquarters on April 17 could also touch upon the latest trends in the defense industry, such as the development of semiconductors for small satellites and radar systems, which are key projects spearheaded by the Defense Acquisition Program Administration (DAPA).

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