South Korea transferring one Pohang-class corvette to Philippines for $100

The Philippine government said Seoul will be transferring one Pohang-class corvette to Manila for just $100. The ship still has to be refurbished before the Philippine Navy can utilize it.

2007년12월3일-함정기동 (7193822678)
By 대한민국 국군 Republic of Korea Armed Forces (2007년12월3일-함정기동) [CC BY-SA 2.0], via Wikimedia Commons

Defense spokesman Arsenio Andolong added that the Philippines may eventually acquire up to three such vessels.

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