SEOUL, January 31 (AJP) - South Korea has secured a major defense export deal with Norway, with presidential chief of staff Kang Hoon-sik saying in a Facebook post on Saturday that the Norwegian government had signed a contract to purchase the Chunmoo multiple rocket launcher system.
The contract is worth about 1.3 trillion won ($970 million).
Kang Hoon-sik, chief of staff to President Lee Jae-myung, said the agreement was finalized following approval by the Norwegian government and parliament, marking South Korea’s largest-ever arms export to a Nordic country.
The deal comes after Norway selected Hanwha Aerospace as the preferred bidder for its long-range precision fire system (LRPFS) program, estimated at 19 billion Norwegian kroner ($1.8 billion), with the Chunmoo system forming the core of the package.
Kang, who is visiting Norway as a special presidential envoy for strategic economic cooperation, said the contract follows months of high-level discussions with Norwegian defense and foreign affairs officials.
Copyright ⓒ Aju Press All rights reserved.