Politics · South Korea · 4 hrs ago
South Korea to discuss defence industry cost rules with six companies
South Korea’s arms procurement agency plans a meeting with six defence companies on Nov.
5.
The meeting is set to take place at Kia’s plant in Gwangju.
The companies work in mobile and firepower weapons systems and include Kia, Poongsan, Hanwha Aerospace, Hyundai Rotem, LIG D&A and Korea Defense Industry.
Officials and industry representatives will discuss how to calculate costs for locally made parts.
They will also share ideas for improving defence cost rules, including for high-risk manufacturing processes.
The meeting gives companies a chance to raise problems and suggestions about the rules.
The agency has not stated what decisions, if any, will follow.
South Korea’s Defense Acquisition Program Administration will hold a meeting on defence industry cost rules with six companies.
The meeting is scheduled for Nov. 5 at Kia’s Gwangju plant.
Participants are Kia, Poongsan, Hanwha Aerospace, Hyundai Rotem, LIG D&A and Korea Defense Industry.
They will discuss cost calculations for locally made parts and high-risk manufacturing processes.
The meeting will also cover proposed improvements to defence cost rules and difficulties and suggestions from industry.
- Who
- South Korea’s Defense Acquisition Program Administration and six defence companies: Kia, Poongsan, Hanwha Aerospace, Hyundai Rotem, LIG D&A and Korea Defense Industry.
- What
- They will hold a meeting on defence industry cost rules.
- When
- Nov. 5, 2026.
- Where
- Kia’s Gwangju plant, South Korea.
- Why
- To discuss improvements to defence cost rules, including cost calculations for locally made parts and high-risk manufacturing processes, as well as industry concerns and suggestions.
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- Meeting date
- Nov. 5, 2026
- Venue
- Kia’s Gwangju plant
- Participating companies
- 6
- Topics
- Locally made parts cost calculations; high-risk manufacturing processes
- Convener
- Defense Acquisition Program Administration