South Korea to hold biggest defence program in quote to increase worldwide sales

South Korea to hold biggest defence program in quote to increase worldwide sales

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[1/3]South Korea’s K-2 tank is showed at the 2023 Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea, October 16,2023 REUTERS/Josh Smith Acquire Licensing Rights

SEONGNAM, South Korea, Oct 16 (Reuters) – South Korea will kick off its largest-ever defence exhibit this week, as the nation looksfor to turbocharge its arms sales and display a unusual look by a U.S. nuclear-capable bomber.

The biennial Seoul International Aerospace and Defense Exhibition (ADEX) opens its doors on Tuesday, with organisers stating there will be more business than ever and an unmatched flyby from a U.S. B-52 bomber, which will make a unusual landing at an airbase somewhereelse on the peninsula.

This year’s program is created to assistance South Korea to reach its objective of endingupbeing the world’s fourth-largest arms exporter, Lee Jong-ho, chief of the arranging workplace, informed a rundown on Monday.

More than 450 senior defence authorities from 54 nations are anticipated to participatein, along with hundreds of thousands of other experts and members of the public, he stated.

“This is an chance for Korea’s defence market to draw worldwide attention and take a giant leap forward,” Lee stated.

The Korean federalgovernment has set a objective of reaching $20 billion in defence exports this year after sealing a record $17.3 billion in arms sales last year, consistingof substantial offers with Poland for tanks, howitzers, warplanes, and rockets.

South Korea hasactually been approximately ninth in the world for defence exports in current years, however President Yoon Suk Yeol hasactually called for it to enhance.

At a South Korean military airbase south of Seoul on Monday, exhibitors made last preparations as

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