SEONGNAM , Oct 20 ― South Korea should redouble its efforts to become a global defence industry leader, President Moon Jae-in told a military expo in the outskirts of Seoul on Wednesday, after landing at the site in an air force fighter jet.
The military display came a day after North Korea test fired a ballistic missile from a submarine. Last week North Korea opened a defence exhibition of its own, where leader Kim Jong-un said his country's military developments were for self-defence and accused South Korea of destabilising the peninsula with an arms build-up.
At least 440 companies from 28 countries are participating in what organisers said was the largest ADEX ever. About 300 government, military and defence acquisition officials from 45 countries were expected to attend the event, which lasts through Saturday.Pointing the FA-50, he praised South Korean technology.
South Korea plans to spend more than 80 per cent of its acquisition budget on domestic supplies and to quadruple support for parts localisation by 2026, with a focus on areas that could shape future wars, including AI, drones, robotics and space, he said.
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