South Korea jet firms flying high

Investment in armaments help nation's defence industry bid for multi-billion dollar contracts around the globe.

    South Korea's defence industry has been steadily taking off over the past six years, in part spurred by concerns over reported advances made by its neighbour, North Korea.

    The country's Korea Aerospace Industries is hoping to land a deal to replace the fleet of training aircraft used by the United States - a contract potentially worth $8bn.

    Having already secured contracts with the Indonesian military, the company is now turning its eye to nations that use fighter jets currently made in the US.

    The country's jet-fuelled defence spending - reported as high as $30bn a year, or ten per cent of total government spending - is necessary to address "threats" from North Korea, say officials.

    Al Jazeera's Harry Fawcett reports from Gyeongnam Province, South Korea.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    'We scoured for days without sleeping, just clothes on our backs'

    'We scoured for days without sleeping, just clothes on our backs'

    The Philippines’ Typhoon Haiyan was the strongest storm ever to make landfall. Five years on, we revisit this story.

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Unification: Saladin and the Fall of Jerusalem

    Unification: Saladin and the Fall of Jerusalem

    We explore how Salah Ed-Din unified the Muslim states and recaptured the holy city of Jerusalem from the crusaders.