South Korea has allocated $145 million to develop its first-ever air-launched cruise missile with a range of 500 kilometers

South Korea's Defense Advanced Development Agency (DAPA) has announced a program to develop the country's first-ever air-to-ground cruise missile.

Here's What We Know

The program cost $145 million and will involve South Korea's largest defense companies IG Nex1 and Hanwha Aerospace. The project is expected to be completed by 2028.

The first Korean air-launched cruise missile will be called Cheon Ryong. Its launch range is 500 km. The missile will be carried by a KF-21 Boramae fighter being developed by Korea Aerospace Industries (KAI). Serial production of aircraft is also planned for 2028.

Source: China Times