Your Avid Military Enthusiast Calls It

The Korea Herald is now reporting that ROK government auditors don’t see how the Korean Multipurpose Helicopter will leave the ground, financially speaking.

[The auditors] also expressed concern that the project may have been preceding without an exact figure for the price of production. According to the BAI, the ministry said it would cost 15 trillion won, but Korea Development Institute expected it to be 30 trillion won.

Also, the BAI and the ministry believe that future procurement of other aircraft may be suspended in order to complete the KMH project.

In response, the Defense Ministry said the project is still a work in progress and not set in stone. First, the ministry must select a foreign manufacturing partner by September. Then the ministry will submit a final plan to the National Assembly for approval in October.

Summary: we still don’t know what we’re going to build or who’s going to help us build it, and we’re depending on prices to rise to avoid taking a loss.