The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
The Korea Times
amn_close.png
amn_bl.png
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
amn_bl.png
Business
  • Tech
  • Bio
  • Companies
  • World Expo 2030
amn_bl.png
Finance
  • Companies
  • Economy
  • Markets
  • Cryptocurrency
amn_bl.png
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to the Editor
amn_bl.png
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
amn_bl.png
Entertainment & Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
amn_bl.png
Sports
  • Hangzhou Asian Games
amn_bl.png
World
  • SCMP
  • Asia
amn_bl.png
Video
  • Korean Storytellers
  • POPKORN
  • Culture
  • People
  • News
amn_bl.png
Photos
  • Photo News
  • Darkroom
amn_NK.png amn_DR.png amn_LK.png amn_LE.png
  • bt_fb_on_2022.svgbt_fb_over_2022.svg
  • bt_twitter_on_2022.svgbt_twitter_over_2022.svg
  • bt_youtube_on_2022.svgbt_youtube_over_2022.svg
  • bt_instagram_on_2022.svgbt_instagram_over_2022.svg
  • Login
  • Register
  • Login
  • Register
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
  • 1

    Family of 5 found dead in 3 separate locations

  • 3

    All-Korean showdowns set up on 1st day of medal race

  • 5

    Opposition party leader ends 24-day hunger strike for treatment

  • 7

    Sil-A overcomes stage fright, and them some

  • 9

    US finalizes national security 'guardrails' for CHIPS funding

  • 11

    PM departs for China for Asian Games, meeting with Xi

  • 13

    China's 'batwoman' scientist warns another coronavirus outbreak is 'highly likely'

  • 15

    Allies vow stern measures against Russia-NK arms deal

  • 17

    Hangzhou Asian Games open after COVID-enforced delay

  • 19

    Korea looking to hit ground running on 1st day of medal events

  • 2

    Xi says he will seriously consider visit to South Korea: official

  • 4

    Understanding Korean Modernization

  • 6

    Bears of Joseon part 1: Fanciful tales and deadly claws

  • 8

    Exhibition for soldiers highlights North Korea's human rights abuses

  • 10

    INTERVIEWYim Si-wan went extra mile to portray legendary athlete in 'Road to Boston'

  • 12

    Historic NASA asteroid mission set for perilous return

  • 14

    Top diplomats of Korea, Iran discuss bilateral ties following frozen funds transfer

  • 16

    Seoul, Beijing try to mend fences as Russia and N. Korea grow closer

  • 18

    League of Legends, other esports join Asian Games in competition for first time

  • 20

    S. Korea to stage massive military parade as tensions with North remain high

Close scrollclosebutton

Close for 24 hours

Open
  • The Korea Times
  • search
  • all menu
  • Login
  • Subscribe
  • Photos
  • Video
  • World
  • Sports
  • Opinion
  • Entertainment & Art
  • Lifestyle
  • Finance
  • Business
  • National
  • North Korea
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Mon, September 25, 2023 | 13:26
Defense
Egypt emerges as new market for Korean arms exports
Posted : 2022-08-05 15:35
Updated : 2022-08-09 10:00
Print PreviewPrint Preview
Font Size UpFont Size Up
Font Size DownFont Size Down
  • facebook
  • twitter
  • kakaolink
  • whatsapp
  • reddit
  • mailto
  • link
The Black Eagles, the Korea Air Force's aerobatic flight team, stages a performance during the Pyramid Air Show over the Giza Pyramids in Giza, Egypt, Thursday (local time). Courtesy of ROK Air Force
The Black Eagles, the Korea Air Force's aerobatic flight team, stages a performance during the Pyramid Air Show over the Giza Pyramids in Giza, Egypt, Thursday (local time). Courtesy of ROK Air Force

North African country interested in Korean military hardware

By Kang Seung-woo, Joint Press Corps

Following a massive arms deal with Poland, Korea has now set its eyes on Egypt, a new potential suitor seen as the next biggest market for defense products after the United States.

According to Korea Aerospace Industries (KAI), Friday, a delegation comprised of the Defense Acquisition Program Administration (DAPA), the Air Force and KAI flew to Cairo to promote the company's FA-50 light attacker, a variant of the T-50 supersonic trainer jet, co-developed with Lockheed Martin. Ahead of a stop in Cairo, the delegation also visited Britain and Poland.

"We have laid the groundwork for cooperation in various fields with Egypt in the medium to long term," said Lee Bong-keun, vice president and general manager of KAI's International Business Division.

Egypt, one of the largest military powers across the African continent and the Middle East, plans to replace its trainers and fighters, and is regarded as a potential purchaser of the FA-50 as well as the newly-developed KF-21 Boramae fighter jet.

The KF-21 is the nation's first warplane domestically manufactured under the KF-X program and it successfully conducted its flight test on July 19 and 29.

Egypt is expected to purchase around 100 trainer jets, which is the second highest after 500 required by the respective programs of the U.S. Air Force and Navy to procure advanced tactical trainers.

Egypt has expressed its interest in Korean-made military hardware. In February, the African country signed a 2 trillion won ($1.5 billion) deal to buy some 200 K-9 self-propelled howitzers, produced by Korea's Hanwha Defense. But ahead of the contract, the North African country has been in negotiations with KAI about procuring the FA-50 and local production of the aircraft.

Given that Egypt's per-capita income is $4,000, there might be speculation that its industrial competitiveness is low. But many say the number is not really indicative of how competitive the country is in the defense sector.

Egypt developed and produced a supersonic fighter in 1964 and in addition it possess 1,360 M1A1 Abrams main battle tanks, most of which were locally manufactured, meaning that the country has a wealth of experience in local production of military hardware.

The delegation believes that if Korea's technology is added to Egypt's experience and potential, the synergy effect would be significant, and it would be possible to meet the demands of the Egyptian military and even promote exports to a third country by locally producing aircraft following Korea's technology transfer.

"Egypt is a country with the best defense capabilities on the African continent and the Middle East," Lee said. "Once the joint production and maintenance contract is signed, Cairo will become a major key hub covering the entire African and Middle Eastern markets."

Korea's Ambassador to Egypt Hong Jin-wook also said, "Cooperation on the defense industry is only available with the highest level of trust between two countries, because it is directly related to the safety and lives of people."

The promotion in Egypt came after Poland last month signed "frame contracts" with Korea to acquire 48 FA-50 jets, 980 K2 battle tanks and 648 K9 howitzers ― one of the Eastern European country's most important and largest defense orders in recent years, according to its government.

In addition, KAI, the nation's lone aircraft manufacturer, seeks to sell 1,000 FA-50s within a decade.

Last month, KAI President Ahn Hyun-ho said exporting 1,000 of the jets will open up a market worth 40 trillion won in sales and 100 trillion won in follow-up logistics support.



Emailksw@koreatimes.co.kr Article ListMore articles by this reporter
 
miguel
Top 10 Stories
1Seoul, Beijing try to mend fences as Russia and N. Korea grow closer Seoul, Beijing try to mend fences as Russia and N. Korea grow closer
2S. Korea to stage massive military parade as tensions with North remain high S. Korea to stage massive military parade as tensions with North remain high
3Samsung, SK relieved by revised chip restrictions on China Samsung, SK relieved by revised chip restrictions on China
4Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation Korea, Saudi Arabia celebrate 93rd Saudi National Day, vow stronger cooperation
5Mirae Asset Global Investments' AUM reaches $219 bil. Mirae Asset Global Investments' AUM reaches $219 bil.
6Patients, doctors at loggerheads as operating room CCTV footage made mandatory Patients, doctors at loggerheads as operating room CCTV footage made mandatory
7Bears of Joseon part 2: Behind bars Bears of Joseon part 2: Behind bars
8Lee Jae-myung's possible arrest looms over main opposition party Lee Jae-myung's possible arrest looms over main opposition party
9LG Chem to build LFP cathode plant with Huayou in Morocco LG Chem to build LFP cathode plant with Huayou in Morocco
10AI reliance could undermine financial market stability: report AI reliance could undermine financial market stability: report
Top 5 Entertainment News
1[INTERVIEW] Yim Si-wan went extra mile to portray legendary athlete in 'Road to Boston' INTERVIEWYim Si-wan went extra mile to portray legendary athlete in 'Road to Boston'
2TEMPEST gears up to showcase fiery passion TEMPEST gears up to showcase fiery passion
3BTS' Jungkook to drop 2nd solo single '3D' BTS' Jungkook to drop 2nd solo single '3D'
4Cho Seong-jin celebrates 140-year ties between Korea, UK Cho Seong-jin celebrates 140-year ties between Korea, UK
5BLACKPINK's contract renewal still in limbo BLACKPINK's contract renewal still in limbo
DARKROOM
  • Turkey-Syria earthquake

    Turkey-Syria earthquake

  • Nepal plane crash

    Nepal plane crash

  • Brazil capital uprising

    Brazil capital uprising

  • Happy New Year 2023

    Happy New Year 2023

  • World Cup 2022 Final - Argentina vs France

    World Cup 2022 Final - Argentina vs France

CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Contact Us
  • Products & Services
  • Subscribe
  • E-paper
  • RSS Service
  • Content Sales
  • Site Map
  • Policy
  • Code of Ethics
  • Ombudsman
  • Privacy Statement
  • Terms of Service
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group