View Full Version : Polish Korean Contract Problems
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https://www.defensenews.com/global/europe/2024/02/09/poland-south-korea-wrangle-over-big-ticket-weapons-financing/
Poland, South Korea wrangle over big-ticket weapons financing
Lonewolf_50
9th Feb 2024, 15:33
Oops…
https://www.defensenews.com/global/europe/2024/02/09/poland-south-korea-wrangle-over-big-ticket-weapons-financing/
Poland, South Korea wrangle over big-ticket weapons financing I remember a few decades ago a tool the US DoD and State used for weapons procurement by Turkey, our NATO ally.
Loan guarantees. Helped the Turks (who in the 90's had some problems with inflation/currency devaluation) get their funding lines sorted out.
Maybe Uncle Sugar can help out a NATO ally there - if nothing else, to get the interest rates to drop do something like 'cosign the loan' or something like that.
rattman
9th Feb 2024, 22:38
I remember a few decades ago a tool the US DoD and State used for weapons procurement by Turkey, our NATO ally.
Loan guarantees.
Probably have for the patriots and abrams, I hear they were also offered for himars but due to delivery bottlenecks they tried to go SK
The other potential problem in buying weaponry from South Korea is their policy on support if you start to use the weapons in a conflict.
I think their policy is not to supply to any country involved in a conflict.
https://www.washingtonpost.com/world/2023/04/13/south-korea-ukraine-weapons-export/
"South Korea’s Foreign Trade Act bans the export of arms except for a peaceful purpose, and bans the re-export to third-party countries without Seoul’s permission."