▲ This file photo, provided by Yonhap News TV, shows the signboard of the Defense Acquisition Program Administration (DAPA) on Dec. 23, 2020. (PHOTO NOT FOR SALE) (Yonhap)

DAPA-arms exports

DAPA streamlines regulations on exports of spare parts of arms product

SEOUL, June 24 (Yonhap) -- The government will extend a five-year exemption for local firms seeking approval in exporting spare parts of an arms product in a bid to accelerate shipments of such items for maintenance purposes, the state arms procurement agency said Wednesday.

The Defense Acquisition Program Administration (DAPA) said the Cabinet on Tuesday approved a revision to an enforcement decree aimed at speeding up the logistics support process for overseas buyers.

Currently, DAPA exempts companies from obtaining export approval for two years when a spare part of an arms product is exported to the same end user, often for maintenance purposes.

The revision will extend the exemption period from the current two to five years starting next month, paving the way for the swift supply of components needed for maintenance or repair of homegrown weapons systems exported abroad, DAPA said.

In addition, DAPA also pushed for the revision of a separate enforcement decree aimed at ensuring the agency approves the technology transfer agreement within one month, down from the current two months.

The revised enforcement decrees will take effect July 1.

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