South Korea appears closer to Indonesia sub export deal

South Korean Defense Minister Kim Kwan-jin is to visit Indonesia early next month to seal a US$1 billion deal that would result in South Korea's first submarine exports. If the deal is secured, Daewoo Shipbuilding and Marine, which is likely to be chosen as the preferred bidder by the Indonesian government, will sign a memorandum of understanding to sell three 1,400-ton submarines to the Southeast Asian country, ministry officials said.

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