-
Forex Expo Dubai to Take Place as Scheduled on 22–23 September 2026
-
Ethiopia boosts drone production to fight rebels
-
Russia pounds Kyiv, ending three-day halt for US talks
-
Yemen rebels hit Saudi Arabia with wave of strikes, wounding 73
-
Flights resume gradually in Indonesia after volcanic eruption
-
Nepalis mark a year since deadly protests that toppled government
-
French AI firm Mistral valued at 21 bn euros after latest funding
-
Rubio launches Latin America tour to cement US influence
-
Sweden heads to the polls in close election race
-
France tries 14 over deadliest Channel migrant crossing disaster
-
Australia's Big Bash T20 teams face sale to private investors
-
Australia threatens hefty fines if big tech fails 'duty of care'
-
Russia resumes strikes on Kyiv after three-day halt
-
Zverev romps into quarter-finals as Darderi downed
-
Canada's counter-tariffs take effect on various US goods
-
Kauai on tornado watch as Hurricane Lowell nears Hawaiian islands
-
China's trade booms as focus turns to expected Trump-Xi summit
-
Pakistan roll the dice in search of consolation win over England
-
Is Champions League three-peat really possible for PSG?
-
Yen extends gains as traders eye rate hike, tech rallies again
-
Russia pummels Kyiv after three-day halt
-
'The ber months': Christmas arrives early in the Philippines
-
Mongolians wait hours for fuel as reliance on Russia bites
-
N. Korea calls Russia bridge a sign of tighter ties
-
Blockx first Belgian man to reach US Open quarter-finals
-
US sanctions threaten to crush Iranian students' dreams
-
Praying for rain as fires, haze plague Indonesian Borneo
-
Former champ Gauff holds off Jovic to reach US Open quarter-finals
-
Rybakina tops Osaka, sets US Open quarter-final clash with Zheng
-
Osaka seeks answers to nagging achilles injury after US Open exit
-
Panama Canal considering more cuts in transits due to El Nino
-
Flight data recorders recovered from Amazon cargo plane crash
-
Maresca agrees with Haaland that players started season jaded
-
Super Bowl rematch kicks off NFL season as league expands global reach
-
Hurricane warning issued for westernmost Hawaiian islands
-
Alcaraz faces Shelton in blockbuster US Open quarter-final
-
UK PM denounces 'politics of poison' after anti-migrant protests
-
Trump threatens sales in US of Canadian aircraft maker Bombardier
-
Comeback queen Zheng strikes again for US Open quarter-final berth
-
Eiffel Tower closed in row over women removed for Hindu group
-
Third absence for injured Hadjar as Lawson fills in again in Spain
-
Willemse replaces Kolbe for Springboks' All Blacks series decider
-
Far-right victory in Germany draws protesters in Berlin
-
Zheng shocks Swiatek in another incredible US Open comeback
-
CapTLX Launches Institutional Gateway to U.S. Private Markets, Expanding Access to Structured Investment Opportunities
-
Andreeva survives in three sets against Potapova
-
Africa's richest man eyes continent's largest IPO
-
Alleged killers of Australian, US surfers go on trial in Mexico
-
Macron, SKorea leader warn at film summit of AI risks to creativity
-
King Charles classes Harry and Meghan as 'private citizens'
South Korea in 'final stages' to sign major tank deal with Poland
South Korea is in the "final stages" of negotiations to potentially sign a major deal to supply K2 tanks to Poland, according to South Korea's Defense Acquisition Program Administration on Tuesday.
In 2022, the two countries signed a $13.7 billion arms deal -- Seoul's largest to date -- which included South Korean K2 tanks and fighter jets for Poland, Ukraine's ally and neighbour.
The negotiations for the potential upcoming deal -- part of the broader 2022 agreement -- are "in the final stages, with both governments and companies working to expedite its conclusion", an official from South Korea's Defense Acquisition Program Administration told AFP.
While the agency did not disclose the amount, it said if signed, the deal would be the "largest ever based on a single weapon system".
South Korea's Yonhap news agency reported that the potential deal is worth around $6 billion, with the country's Hyundai Rotem set to manufacture 117 tanks and Poland's state-owned Polish Armaments Group producing 63 locally.
Yonhap reported that the signing ceremony is scheduled to take place in late June in Poland, but the Defense Acquisition Program Administration said the "signing schedule for the second contract has not yet been finalised".
"This contract includes provisions such as local production and technology transfer, which have required a significant negotiation period," it said in a statement.
The contract was originally expected to be signed late last year, according to Yonhap, but was delayed due to issues including political turmoil in South Korea following the brief declaration of martial law in December.
South Korea has emerged as a major player in global defence exports, as Moscow's invasion of Ukraine created opportunities for its industry to secure large-scale contracts across Europe and the Middle East.
It has signed major arms deals with countries such as Poland and Romania, including the export of K9 Howitzers and Chunmoo missile systems.
South Korea's President Lee Jae-myung, who took office last week, has vowed a more dovish approach towards Pyongyang -- an ally of Russia -- compared with his predecessor Yoon Suk Yeol.
The nuclear-armed North, which technically remains at war with the South, has recently bolstered military ties with Russia.
Pyongyang sent at least 14,000 troops to support Moscow's war in Ukraine, and officially declared the South an enemy state.
C.Hamad--SF-PST