Korean Defense Policy under Korean President Moon Jae-in’s Administration

Because of the recent tensions on the Korean peninsula, caused by the actions of the Kim Regime in the North of the Korean Peninsular, the Korean government under the President Jae-in Moon Administration has vowed to, among other things, increase the defense budget and enhance the 3-Axis System.  Opportunities, thus, abound for proactive companies in the defense industry. Korea’s Major Defense Priorities Increase the Korean defense budget from 2.4% to around 3.0% of GDP; Maintain the strong relationship with the United States; Procure advance weapon systems domestically and from abroad; Enhance and further develop the 3-Axis System; Expedite the takeover of wartime control of the Korean military (and all troops in Korea) to the Korean military; and Expedite the procurement and build out of purchased and in development defense systems. 3-Axis System The understanding of the 3-Axis System and the major specific priorities of the Korean Administration demonstrates the opportunities

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