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South Korea Defence and Security Report Q1 2012

635

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Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£635.00

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Market

Security

Report Type

Market Research

Country

South Korea

Published

31 January 2012

Number of Pages

108

Report Delivery

Download

Delivery Lead Time

Immediate

Publisher

Business Monitor International

File Format

PDF

The price of this market report covers 4 quarterly reports on this sector. This quarterly report will be downloadable instantly as a PDF document, with the 3 remaining reports delivered at regular intervals throughout the year.

Following the death of North Korean leader Kim Jong Il, the Korean peninsula appears to be in a state of calm as both North and South have turned their attention to what could be a momentous 2012 for both countries. The South faces presidential elections, which could result in an end to the hard-line policies of the outgoing incumbent, Lee Myung-bak. In the North, Kim Jong Un officially took his place as successor to his late fathers regime and it is still unclear which direction Un will steer the pariah state; the North is also preparing to celebrate a string of symbolic anniversaries, notably the centenary of regime founder Kim Il Sung, which could be accompanied by provocative statements of military prowess, such as a nuclear test.

It is unclear at this stage whether Kim Jong Un will want to resume North Koreas part in the long-stalled Six-Party Talks (SPTs) in 2012 concerning the denuclearisation of the state, despite diplomatic contact between Pyongyang and Washington in late 2011 having begun to lay the groundwork. Trips to China and Russia by late North Korean leader Kim Jong Il in the middle of 2011 led to Kim offering in late August to halt his countrys nuclear programme in return for the unconditional resumption of the SPTs. The US declined this offer, though talks with the North held in Geneva in October were described as very positive. Nonetheless, US Defence Secretary Leon Panetta gave little ground on a visit to South Korea in late October, insisting that the North remained a serious threat to regional security. On January 17, top SPTs negotiators from South Korea, Japan and the US gathered to discuss the next steps in the possibility of resuming the talks.

Regardless of the political outcome of 2012s election, South Korea continues to invest heavily in its military and to develop new weapon programmes with which to counter the North Korean threat. The Defence Ministry announced in September that the defence budget for 2012 would increase 5.6% to KRW33.1trn (US$28.9bn). Among Seouls most important procurement programmes is the Northrop Grumman RQ-4 Global Hawk high-altitude long-endurance UAV, which Washington confirmed would be made available to South Korea in September. The South is initially expected to acquire four Global Hawks for US$850mn, significantly enhancing its ability to conduct surveillance operations over the North. South Korea is also gearing up for the selection of a new fighter aircraft – a requirement called FX-III – with a decision expected in 2012.

In September, it was revealed that the South was developing a new supersonic cruise missile, while a contract for two new frigates for the navy is close to being awarded. A request for information for a new attack helicopter programme is also due to be issued in January 2012.

Regionally, South Korea has taken important steps to improve its defence ties with countries in South East Asia, especially Indonesia and the Philippines. Both countries are attempting to re-equip their militaries, and South Korea has positioned itself as a key partner in those efforts. This should bear fruit for the Korean defence industry in the years ahead.

However, in 2012 the Souths attention will be fixed firmly on the conduct of the North during its year of symbolically charged celebrations, and on the Norths approach to negotiations, should they in fact resume. The Norths stance could in turn help determine the course of elections in the South.

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Select License Type

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Electronic License

An electronic version (mostly PDF, but can be Excel or PPT), which is either available for immediate download or will be sent via email by the Publisher of the report. The licencing for an electronic version is for use by the purchaser ONLY.

£635.00

Change Currency

GBP EURO USD

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