Posted on 08/05/2005 9:33:31 AM PDT by Paul Ross
Anti-Submarine Missile to Debut by 2007
The Korea Times, August 5th, 2005, p. 1
By Jung Sung-ki
Staff Reporter
A state-run defense research institute said Thursday it plans to develop a sophisticated long-range anti-submarine missile on its own by 2007 as part of programs to build up a ``cooperative self-reliant'' defense capability.
The Agency for Defense Development (ADD) said it has set aside a total of 100 billion won ($990 million) a year to build the anti-submarine missiles, which are being planned to equip 4000-ton-class destroyers.
Last May, the Navy launched its fourth 4,000-ton-class destroyer, ``Wang Geon,'' which is capable of waging anti-ship and anti-submarine warfare as well as electronic surveillance operations and stealth functions.
The Wang Geon is the fourth and last 4,000-ton-class destroyer that the Navy has developed under its shipbuilding program, codenamed KDX-II. KDX refers to Korean Destroyer Experimental.
The envisaged satellite-guided missile will be able to hit an enemy submarine located at a distance of about 20 kilometers (12 miles). Currently, only the United States, Russia and France have their own anti-submarine missiles.
``The ADD has devoted itself to boosting the nation's military capability and competitiveness in preparation for future warfare by developing advanced weapons systems, including radar-evading stealth technology,'' said Choi Tae-in, vice director of the agency, in a briefing. The institute celebrated the 35th anniversary of its founding Thursday.
Choi said his institute is currently developing 14 new weapons systems and 42 advanced weapons technologies with the investment of about 674 billion won ($660 million), 3.2 percent of the country's defense budget scaled at 20.8 trillion won.
Researchers at the ADD will focus on upgrading command, control, communication, computer and intelligence tactical systems as well as air surveillance technology in order to make the country's military the world's eighth most powerful Armed Forces by 2015, Choi stressed.
The institute has already completed the development of portable anti-air precision guided missiles and sophisticated anti-ship cruise missiles. It also developed a prototype of a state-of-the-art amphibious armored vehicle equipped with guided missiles and a laser warning system called the Korea Next Infantry Fighting Vehicle (KNIFV).
The KNIFV will be deployed in the field starting in 2008, ADD officials said. The government will spend 91 billion won ($90.2 million) by 2006 for the development of the KNIFV, under its mid- to long-term weapons buildup program.
gallantjung@koreatimes.co.k
More fall-out from their being allowed to keep their currencies pegged so far below the dollar.
Hopefully at least this development will confuse and complicate China's war calculations...and promote deterrence.
Without our tax dollars, they would not have a billion won to spend. Too bad Rice is simply negotating our money to this corrupt country.
Isn't foreign aid a wonderful thing.
"Errrryyyyyy wunnnnnnnnnn Waaang Geon tooorigghhtt!"
Everybody have fun tonight, Everybody Wang Geon tonight.
"I think I'm turning Japanese...."
"turning Japanese..."
Priceless.
How do you figure U.S.hardware is over priced?
I used to play that on the radio...a few years ago!
Not only that but we allow their students to come over here and take our technology back home and we pay for part of it to boot. Not to mention Slick willie giving it away.
Its great that these countries are defending themselves, and competition in business - even the arms business - is a healthy thing.
You must have think they are North Korea? I think South Korea has enough money to fund their anti-submarine missle program themselves.
"Its great that these countries are defending themselves, and competition in business - even the arms business - is a healthy thing."
That must be news to the 37,000 US troops in South Korea!
Allowed? What, pray tell, is the dollar pegged to? Congressional fiscal responsibility?
Allowed.
In currency exchange against the dollar, which floats, the countries which peg their currencies to the dollar, China, Japan, South Korea, Taiwan, Singapore and Malaysia have been among the larger such practitioners...their governments directly interfere with the free market to prevent the exchange rates from deviating from their target ranges.
All it would take for the free market, the "unseen hand" to operate, and to prevent these government hands from effectively tilting the playing field...is for our own government to tell them to knock it off...that the U.S. Treasury will take any necessary countering action to neutralize their interference.
Fighting fire with fire. If they know we are serious, we likely won't have to do much at all.
Anyone for free markets has no intellectually consistent basis for opposing this policy of reciprocity.
Do you think our government doesn't manipulate the currency? The Federal Reserve can print dollars to buy debt whenever it wants, it can even buy assets that don't belong to the government and pay for them with the pieces of paper they print if they feel like injecting more money into the economy. ALL governments manipulate their sham currencies as their political elite sees fit.
All it would take for the free market, the "unseen hand" to operate, and to prevent these government hands from effectively tilting the playing field...is for our own government to tell them to knock it off...that the U.S. Treasury will take any necessary countering action to neutralize their interference.
What 'necessary countering action' do you have in mind? For us to speed up the printing presses? Forbid trade?
Anyone for free markets has no intellectually consistent basis for opposing this policy of reciprocity.
A proponent of free market should promote market based money, not political shams that are legal tender by force of law. May FDR and Nixon rot in hell for the debtor course they put our nation on by debasing the currency.
They also can sell government assets -- like gold. Alan Greenspan sold a lot of gold, in cooperation with the national monetary authorities of Great Britain, Australia, and other countries (I think the Swiss participated) in an effort to hold down the price of gold in the late 90's. Their interference with the market cost me personally very dearly, when I decided I couldn't afford to hold gold-mining common any more in a market I suddenly didn't understand. I didn't understand it because I didn't know -- nobody knew -- that Alan Greenspan was sneaking down the back stairs to dump gold on the market.
A Street analyst has shown mathematically that the monetary authorities were dumping not selling, by showing their insensitivity to price. The authorities were basically accepting hedonic prices for national gold reserves, in order to manipulate the market for the metal.
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