President Moon Wants South Korea to be a Global Leader in Defense
- October 21, 2021
- Posted by: Quatro Strategies
- Category: Defense
South Korean President Moon Jae-in said in a defense exhibition in Seoul that the country needs to double its capabilities to become a global industry leader in defence. Moon arrived the exhibition in a fighter jet, one day after North Korea tested a ballistic missile from a submarine.
North Korea also opened a defense exhibition of its own, where North Korean leader Kim Jong Un said they were only building up military to defend themselves, and accused the South of destabilizing the region.
President Moon also said in his speech that military power was necessary for peace.
South Korea’s biennial Aerospace and Defense Exhibition (ADEX) attracted at least 440 companies from 28 countries. The organizers said this was the biggest ADEX ever. Defence acquisition officials from 45 countries are expected to attend the exhibiton, which will last through Saturday.
Moon added that South Korea was planning to spend 80% of its budget on domestic supplies with a focus on AI, drones, robotics and space.
South Korea’s arms exports have increased three folds in the five years between 2016-2020 when compared to the period between 2011-2015. It is also one of world’s biggest importers of arms.
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