Resumption of South Korea's stalled defense modernization program is highly uncertain, although Seoul is projecting a return to economic growth as high as 2% by the end of 1999. Even if realized, such a recovery would come on the heels of a 5% net decline projected for 1998 by the South Korean government, the result of Asia's grave regional recession. And South Korean officials agree their nation's recovery depends crucially on whether Japan overcomes its recession and banking ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Asia's Recession Holds Korean Arms Hostage".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? Log in here.