Historic billion-dollar defence contract with South Korea amid rising regional tensions

ABC | Dec 12, 2021 at 11:21 PM
  • Australia’s Defence Force has formally locked in a billion-dollar weapons contract with South Korea.
  • As part of the project first announced during the 2019 federal election, Hanwha will partner with the Commonwealth to create an Armoured Vehicle Centre of Excellence in the Geelong region in a contract the government believes will create at least 300 jobs.
  • During their visit, the President and first lady laid wreaths at the Australian War Memorial and the nearby Australian National Korean War Memorial, commemorating the shared sacrifice of both nations during the Korean War.