S. Korea's Hyundai Rotem successfully completes deal with Poland to export K2 tanks

South Korea's Hyundai Rotem successfully completed negotiations on a deal to export additional K2 tanks to Poland, according to the state arm procurement agency on Wednesday.

The exact size of the deal is yet to be disclosed, though many assume it to be worth a little less than seven-billion U.S. dollars.

This marks the very first major defense export deal since the start of the Lee Jae Myung administration.

While Hyundai Rotem signed a contract worth about three-point-three billion U.S. dollars in 2022 to supply the first batch of 180 K2s to Poland, the follow-up deal had not been made until now.

A significant number of tanks are to be locally produced in Poland, with production facilities to be established in the country.