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Reuters
Reuters
Business
By Hyonhee Shin

South Korea, Poland sign $5.8 billion tank, howitzer contract

Poland South Korea Russia Yoon Sukyeol Seoul NATO Warsaw
FILE PHOTO: A K2 Black Panther tank manufactured by South Korea's Hyundai Rotem is displayed at the Seoul International Aerospace & Defense Exhibition, Seoul, South Korea, October 20, 2021. REUTERS/Josh Smith/File Photo

Two South Korean companies have signed a $5.76 billion contract with Poland to export tanks and howitzers, Seoul's arms procurement agency said on Saturday, after Warsaw agreed to ramp up arms imports amid tensions with Russia.

The contract, signed in Poland on Friday, is part of South Korea's biggest ever arms deal, clinched last month with Poland, which has been seeking to beef up its military in the face of Russia's invasion of neighbouring Ukraine.

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