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

    Visualising every Saudi coalition air raid on Yemen

    Visualising every Saudi coalition air raid on Yemen

    Since March 2015, Saudi Arabia and a coalition of Arab states have launched more than 19,278 air raids across Yemen.

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Lost childhoods: Nigeria's fear of 'witchcraft' ruins young lives

    Many Pentecostal churches in the Niger Delta offer to deliver people from witchcraft and possession - albeit for a fee.

    Why did Bush go to war in Iraq?

    Why did Bush go to war in Iraq?

    No, it wasn't because of WMDs, democracy or Iraqi oil. The real reason is much more sinister than that.