Home

The Korea Herald

Latest news

Most Popular

  1. 1

    $200m a year, 700,000 tons of rice, space tech: The deal for North Korea in joining Russia’s war

    $200m a year, 700,000 tons of rice, space tech: The deal for North Korea in joining Russia’s war
  2. 2

    Korean battery makers brace for impact of US election

    Korean battery makers brace for impact of US election
  3. 3

    Who is writer of Hybe's controversial internal report?

    Who is writer of Hybe's controversial internal report?
  4. 4

    After opposition U-turn, Korea to repeal plan for financial capital gains tax

    After opposition U-turn, Korea to repeal plan for financial capital gains tax
  5. 5

    [AtoZ of Korean mind] Ever noticed some Koreans talk to themselves?

    [AtoZ of Korean mind] Ever noticed some Koreans talk to themselves?
  1. 6

    Will South Korea go back to banning phones in classrooms?

    Will South Korea go back to banning phones in classrooms?
  2. 7

    Scandal-hit ex-lawmaker denies corruption claims as pressure on Yoon mounts

    Scandal-hit ex-lawmaker denies corruption claims as pressure on Yoon mounts
  3. 8

    Amid record-low approval rating, Yoon forgoes Assembly budget address

    Amid record-low approval rating, Yoon forgoes Assembly budget address
  4. 9

    Gangnam Station ramming suspect to face detention

    Gangnam Station ramming suspect to face detention
  5. 10

    [From the Scene] Gumi, home to Nongshim’s largest factory, rebrands itself as ‘city of ramyeon'

    [From the Scene] Gumi, home to Nongshim’s largest factory, rebrands itself as ‘city of ramyeon'
지나쌤

S. Korean defense firms clinch deals worth $128m at ADEX: organizers

By Yonhap

Published : Oct. 24, 2021 - 15:42

    • Link copied

The South Korean Air Force's acrobatic flight team, the Black Eagles, performs to mark the opening of the Seoul International Aerospace & Defense Exhibition (ADEX) 2021 at Seoul Air Base, south of Seoul, on Monday. The annual expo runs till Saturday. (Yonhap) The South Korean Air Force's acrobatic flight team, the Black Eagles, performs to mark the opening of the Seoul International Aerospace & Defense Exhibition (ADEX) 2021 at Seoul Air Base, south of Seoul, on Monday. The annual expo runs till Saturday. (Yonhap)
South Korean defense companies have signed business contracts worth $128 million in total during a biennial arms exhibition held south of Seoul last week, its organizers said Sunday.

More than 250 local companies joined the five-day Seoul International Aerospace & Defense Exhibition (ADEX), which ended Saturday. The event marked a rare opportunity for the companies to explore new opportunities in the midst of the COVID-19 pandemic.

In addition to the finalized contracts, local companies had consultations with their foreign clients over potential contracts, which could amount to a combined $22.5 billion if signed, organizers said.

During the exhibition, organizers arranged more than 700 meetings between local firms and foreign governments at the ADEX venue, Seoul Air Base, they said.

The 2021 exhibition involved 440 companies from 28 countries.

It marks the largest number of participating firms since the exhibition was launched in 1996. (Yonhap)

More from Headlines