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Representatives of the Korean defense business, together with the CEOs and executives of Hyundai Rotem and Hanwha Defense, and the head of the Protection Company, will assemble in Poland all over again on the 6th. This is the 3rd time next the signing ceremony of the in depth agreement on K-Protection exports to Poland on July 27 and August 26, the first important agreement. We program to go to the Polish protection exhibition MSPO 2022 to negotiate the 2nd big agreement for the export of the K2 Black Panther and the K9 self-propelled howitzer to Poland.
It has been a lot less than two months since the initially most important deal was signed, but the signing of the 2nd principal deal, which is three to 4 moments the sizing of the 1st agreement, is not much away. As the July detailed arrangement by now states that “the to start with and second contracts will be completed within just the yr,” it is a known fact that the next contract will be completed within just this calendar year . On the other hand, the speed of the negotiations is so quickly that the cores of the governing administration and the protection industry concur that the 2nd contract will be ‘in the upcoming year’ rather than at the conclusion of the year. Drama is unfolding in just a number of months soon after the announcement of a questionable export of 1,000 K2 tanks, 672 K9 self-propelled guns, and 48 FA-50 light-weight attack aircraft.
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Black Panther K2 Hyundai Rotem |
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K9 Hanwha Protection self-propelled howitzer |
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The next principal contract facilitated the negotiations at MSPO
The Worldwide Defense Exhibition MSPO 2022 will be held from the 6th to the 9th in Kielce, Poland. Essential executives of Hyundai Rotem, which includes CEO Yong-bae Lee, and critical executives of Hanwha Protection, like CEO Jae-il Son, will take part, together with Seong-il, head of basic electrical power small business division the DAPA. The users of the comprehensive settlement signing ceremony on July 27 are the similar.
If it is only to take part in the defense sector exhibition, export or sales executives must go there. The reason CEOs go is due to the fact there is a very good purpose. Critical officers from Hyundai Rotem and Hanwha Protection mentioned, “CEOs will make decisions on the place and expedite the second main agreement.”
Director Common Seong-il of the DAPA is acknowledged to participate in a function in guaranteeing the Korean government’s assist for exports to Poland at the negotiating desk. Not only Hyundai Rotem and Hanwha Protection, but also thousands of subcontractors safe food for 20 to 30 yrs, so the federal government has no preference but to just take energetic ways.
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Right away immediately after the signing of the initial significant contract in between K2 and K9, the Minister of Protection of Poland, reps of Korean providers, the Director of the Defense Company, and the Minister of Electrical power Means of the Ministry of National Protection consider a commemorative photograph. |
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Second big contract, countdown to ‘early in the year’
On August 26, the initial big deal was the export of 180 K2 tanks and 212 K9 self-propelled howitzers. It equates to 7.7 trillion received. The next main deal amounts to 820 K2 tanks and 460 K9 self-propelled guns. 20 trillion won. The routine maintenance and repair function demanded by Polish tanks and self-propelled guns for a long time is astronomical. It also opens the way for further exports outdoors Poland.
The interest is when the second principal deal expires. It is reported that the arrangement will not be delayed until finally the close of the year, with the conclusion of the arrangement remaining finished inside of the calendar year with the extensive agreement in July. A high-position DAPA formal predicted that “the agreement will be signed within just the future yr”. This suggests that September-Oct is much more probably than November-December. Our defense business, which had long been in the grip of corruption, is currently being reborn as an export stalwart.
By Kim Tae-hoon, defense reporter (oneway@sbs.co.kr)
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