IDEAS home Printed from https://ideas.repec.org/p/ris/kieter/2019_006.html
   My bibliography  Save this paper

Competitiveness of RoK-U.S. Major Arms Systems and Joint Development Strategy

Author

Listed:
  • Kim, Mi Jung

    (Korea Institute for Industrial Economics and Trade)

  • Jang, Won-Joon

    (Korea Institute for Industrial Economics and Trade)

Abstract

The Donald Trump administration is expected to continue increasing the U.S. defense budget during its term in order to implement one of the president’s campaign pledges: modernizing the U.S. military. Congress has passed a 717 billion USD defense budget with the National Defense Authorization Act (NDAA) of FY2019 last year. With it, the United States hopes to continue its Third Offset Strategy and accelerate the development of advanced weapons. Meanwhile, the Korean defense industry is shifting its defense policy from domestic demand to the export market. One of the reasons is that the progress of inter-Korean peace negotiations has reduced the main threat. Following the year 2018, efforts for peace are expected to continue not only in North Korea-U.S. relations but also between the two Koreas. Korean president Moon Jae-in announced the promotion of export industrialization and international joint development initiatives, as part of a broader strategy regarding the 4th Industrial Revolution (4IR) in both the Military Reform Plan 2.0 (in March 2018) and the Comprehensive Plan for Defense Reform (in August 2018). Under these circumstances, it’s necessary to craft a joint ROK-U.S. development strategy for major arms systems. As allies sealed in blood, Korea and the U.S. need to pursue joint development not only of defense technologies but of major arms systems for mutual benefit in the future.

Suggested Citation

  • Kim, Mi Jung & Jang, Won-Joon, 2023. "Competitiveness of RoK-U.S. Major Arms Systems and Joint Development Strategy," Industrial Economic Review 19-6, Korea Institute for Industrial Economics and Trade.
  • Handle: RePEc:ris:kieter:2019_006
    as

    Download full text from publisher

    File URL: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4196549
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Korean defense industry; defense policy; defense budget;
    All these keywords.

    JEL classification:

    • L64 - Industrial Organization - - Industry Studies: Manufacturing - - - Other Machinery; Business Equipment; Armaments

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ris:kieter:2019_006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Aaron Crossen (email available below). General contact details of provider: https://edirc.repec.org/data/kiettkr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.