Korean Companies Fear New Polish Prime Minister Will Cancel Defense Contracts
|This would be a big loss for Korean companies if the new Polish prime minister decides to cancel these contracts. I guess the new Prime Minister wants to get on the Uncle Sam defense gravy train like the rest of Europe:
South Korea is in talks with Poland to ensure the multiple arms contracts signed between Korean companies and the Polish government will be carried out as agreed despite the change of the leadership in Warsaw, a Seoul official said Tuesday.
Concerns are growing as the new Polish government, led by Prime Minister Donald Tusk, signaled a revision to some of the arms contracts inked under the preceding government, citing overspending of the budget.
South Korean defense firms have clinched about US$13-14 billion worth of arms sales contracts with Poland this year, which include plans for deliveries of rocket launchers, fighter jets, tanks and self-propelled howitzers.
Yonhap
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“KOREAN COMPANIES FEAR NEW POLISH PRIME MINISTER WILL CANCEL DEFENSE CONTRACTS”
If I was the prime minister I would certainly cancel contracts with any Korean companies that wanted to shine things with outdated polish simply out of fear.
How do they feel about the new scouring pads?