Research and Markets: South Korea Defence and Security Report Q1 2013: Korean Shipbuilder DSME Has Opportunity to Supply Norway with a Fleet of New Submarines

DUBLIN--()--Research and Markets (http://www.researchandmarkets.com/research/dmgjdc/south_korea) has announced the addition of the "South Korea Defence and Security Report Q1 2013" report to their offering.

The report examines the trends occurring in the country's current and future defence procurement, and the order of battle across its armed forces. The intention is to provide a clear and concise discussion of these issues. The report's general conclusion is that the death of North Korean leader Kim Jong Il and the succession of his son, Kim Jong Un, has done little to alter the security dynamic on the Korean peninsula.

Attention is now turning towards South Korea's presidential election in December 2012, and to the new presidential term beginning in February 2013. With both leading presidential candidates expressing a desire to kick-start talks with the North, much will depend on the approach of Kim Jong Un, who remains a largely unknown quantity. If Kim is minded to engage in meaningful negotiations, then tensions on the peninsula could be significantly reduced. Indeed, the North's implementation of experimental market reforms in the agriculture sector - a reform known as the 6.28 Policy - could signal that the younger Kim is seeking to modernise North Korea. If he really is preparing North Korea for Chinese-style market reforms, then the security environment on the peninsula would improve significantly.

Over the last quarter BMI has revised the following forecasts/views:

- The security policies of the two leading South Korean presidential candidates are discussed.

- Ahead of the anticipated talks with the new South Korean leader, Pyongyang held two rounds of talks with Japan in September and November, ending several years in which the two sides had virtually no bilateral contact.

- Having sold submarines to Indonesia earlier in 2012, Korean shipbuilder DSME now has the opportunity to supply Norway with a fleet of new submarines, after Oslo issued an RfI to DSME and three other firms in November.

Companies Mentioned:

Daewoo Shipbuilding & Marine Engineering (DSME)

Doosan Heavy Industries & Construction

Korea Aerospace Industries (KAI)

Samsung Thales

For more information visit http://www.researchandmarkets.com/research/dmgjdc/south_korea

Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence, Homeland Defence

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Contacts

Research and Markets
Laura Wood, Senior Manager.
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
Sector: Aerospace and Defence, Homeland Defence