Korea Firms Eye More Philippine Deals Amid Geopolitical Tensions

South Korean defense contractors are looking at more deals and investments in the Philippines to support the Southeast Asian nation’s military modernization amid longstanding geopolitical tensions in the South China Sea.

Korea Aerospace Industries Ltd. is planning to offer its KF-21 fighter aircraft that’s under development as well as helicopters to the Philippines, Senior Executive Vice President Cha Jae Byoung who’s in charge of the aircraft business, said on Wednesday on the sidelines of the Philippines-Korea Business Forum in Manila.