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January 6, 2022

South Korea suspends flight operations of entire F-35 fleet

The grounding follows after an F-35 aircraft suffered an emergency belly landing on 4 January.

South Korea has reportedly confirmed the grounding of the country’s entire fleet of F-35 Lightning II joint strike fighter aircraft.

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What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
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The decision follows after a South Korean Air Force pilot was forced to perform a belly landing during a training flight on 4 January.

The emergency landing took place at Seosan Air Base in the western province of South Chungcheong.

An investigation has been launched and the fleet will remain grounded until further notice.

A defence ministry official was quoted by news agency Agence France-Presse (AFP ) as saying: “With the investigation underway, the entire (F-35) fleet is suspended from flying.”

At a parliamentary hearing, the Republic of Korea Air Force vice-chief of staff Shin Ok-chul detailed the incident and noted that the landing was forced due to a ‘major systems malfunction’.

Shin was quoted by AFP : “All systems had stopped working except flight controls and the engine.”

This problem stopped the aircraft’s landing gear from working. The pilot decided not to eject and landed the aircraft, which was flying at a low altitude at that moment, on its belly unharmed.

It is not the first time that the US-built F-35 has been involved in emergency landing incidents.

In 2020, a US Air Force F-35A crashed when landing at Eglin Air Force Base while it suffered several other collapses with Japan and other operators. More recently, a UK F-35B crashed into the Mediterranean on 17 November 2021.

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Free Report
img

What is driving and impacting South Korea’s Defense Market?

South Korea’s defense budget is currently valued at $48.3 billion after experiencing impressive and robust annual growth of 10.5% in 2022. Over the forecast period, South Korean defense expenditure is anticipated to register a strong CAGR of 6.3% over 2023-27 and reach $66.2 billion by 2027. The country’s acquisition budget, which includes research and development (R&D) funding, is also anticipated to register significant growth, projected to reach $21.6 billion in 2027, seeing significant rise from the anticipated $17 billion in 2023. South Korean defense spending is continuing to be fueled by the country’s hostile relationship with North Korea, coupled with the need to develop its own domestic industry. If you want to strategize successfully off this growing market, it is important to be fully informed. This report’s key findings include:
  • Details on the defense budget
  • Drivers of defense spending
  • Key trends impacting the market
Download the full report so you can formulate winning strategies for the road ahead.
by GD50 ADS
Enter your details here to receive your free Report.

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