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Helicopters & Rotary | Policy - Procurement | Scandals & Investigations | South Korea

ROK Scandal for Thwarting Defense Procurement Offsets

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The Korea Times reports that state auditors caught the Defense Procurement Agency using certificates from civilian brokers that falsely claimed to have made millions of dollars worth of exports, allowing the DPA to go ahead with corresponding imports of goods such as small helicopters. Korea generally requires foreign countries or firms buy some of Korea's own defense goods as part of procurement deals. Korea mandates that these offsets exceed 30% of any procurement purchase or include technology transfers.

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