[THE INVESTOR]
Hyundai Rotem announced on June 29 that it has signed a 158.5 billion won (US$135.7 million) depot maintenance contract for K1 and K1A1 main battle tanks.
Hyundai Rotem is the manufacturer of the tanks.
K1 battle tank.
The contract, issued by Defense Acquisition Program Administration, will require Hyundai Rotem to perform overhaul maintenance on the tanks by June 2017.
The contract for K1 tank depot maintenance is 95 billion won, and that for K1A1 is 63.5 billion won.
By Choi He-suk (
cheesuk@heraldcorp.com)