GOCA 2019: South Korea Outlines Policy Shift Towards Industrial Collaboration

South Korea's defence offset policy is to be renamed later this year to reflect increasing commitment towards industrial co-operation The new emphasis is to shift focus away from technology transfers onto export facilitation and joint projects South Korea will change the name of its defence offset policy to become an industrial co-operation...
  • South Korea's defence offset policy is to be renamed later this year to reflect increasing commitment towards industrial co-operation
  • The new emphasis is to shift focus away from technology transfers onto export facilitation and joint projects

South Korea will change the name of its defence offset policy to become an industrial co-operation programme later this year to reflect its increasing emphasis on supporting local defence industrial development through closer ties between foreign contractors and domestic companies.

The name change was disclosed by Lieutenant Colonel Nan Kim, legal affairs officer at the office of Defense Logistics Attache at the Korean Embassy in the US, at the Global Offset and Countertrade (GOCA) conference in Virginia, US, on 7 May.

Source: www.janes.com