XXXVI, No 10, 21/05/2018

DAPA seeks ‘offset reset,’ approves pre-offset credits and abandons “offsets for free”

South Korea’s Defence Acquisition Programme Administration is “resetting” its offset policy. A plan circulated to obligors explains that the country will now recognise that offsets have a cost. In response to the negative image associated locally with offset price increases DAPA will instead refer to “defence industrial cooperation.” The document described…

 

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