ROK Military to have over 260 billion KRW worth of parts stored for over 10 years

MND announced that among the 70 million repair parts worth 11 trillion KRW currently maintained by the military, 1.2 million parts worth 260 billion KRW have been stored for over 10 years. These redundant parts have been accumulated due to errors in future demand estimations, which currently show an accuracy rate of 73%. MND plans to resolve this problem by enhancing the future demand estimation models, implemented by equipment since 2012, to yield an accuracy rate of 80% and by selling repair parts that have no possibility of being used in the future.

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