South Korea's Defense Acquisition Program Administration (DAPA) started on May 29 the competitive bidding process for the next generation destroyer of the Republic of Korea (ROK) Navy known as "Korea Next-Generation Destroyer" or KDDX.

South Korea's Defense Acquisition Program Administration (DAPA) has approved the development of a new close in weapon system for the Republic of Korea (ROK) Navy. Known as the CIWS-II program, the new system will defend ROK Navy surface vessels against anti-ship missiles and fast attack craft.

The former Republic of Korea (ROK) Navy Pohang-class corvette ROKS Iksan (PCC-768) will be renamed ARC Boyacá and handed over to the Colombian Navy (Armada Nacional de la Republica de Colombia) by year-end.

Despite the COVID-19 crisis, South Korea's defense budget remains mostly unaffected. Budget reductions in the "2020-2024 mid-term defense acquisition plan" will be limited to programs deemed as "non essential" and to a limited number of foreign procurement programs.

South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) completed the development of a new generation of electric propulsion system that could be fitted aboard the future KDDX destroyer and LPX-II LHD projects of the Republic of Korea Navy (ROK Navy).

South Korea's Hyundai Heavy Industries (HHI) launched ROKS Donghae (FFG-822), the fourth Daegu-class FFX Batch II frigate for the Republic of Korea Navy (ROK Navy). The event took place on April 29 at the HHI shipyard in Ulsan.

Admiral Boo Suk-jong was appointed as the 34th Chief of Naval Operations (CNO) of the Republic of Korea Navy (ROK Navy) on April 10, 2020.

The U.S. Navy awarded Boeing a $1.5 billion production contract for the next 18 P-8A Poseidon aircraft. The contract includes eight aircraft for the U.S. Navy, six aircraft for the Republic of Korea Navy (ROK Navy) and four aircraft for the Royal New Zealand Air Force (RNZAF).