Korean Air signed $333.5 million deal for drones productionStaff writer ▼ | January 12, 2016
Korean Air has signed a $333.5 million deal on the mass production of reconnaissance drones with the military procurement agency.
Defense industry According to the Yonhap news agency:
In November, media reports appeared saying that South Korea was planning to develop unmanned aircraft by 2017 to patrol the demilitarized zone separating the country from North Korea. The drones were reportedly expected to significantly reduce cases of soldiers wounded by mines.
In spite of their long-standing armistice, South and North Korea remain legally at war, as no peace treaty was signed after the 1950-1953 Korean War.
In late October, South Korean President Park Geun-hye announced that she would increase military spending to counter the possibility of North Korean hostilities. ■