South Korea sells anti-submarine warship to Philippines for $100

South Korea will transfer an ageing Pohang-class anti-submarine warship to the Philippines this year in return for just 100 dollars, the defence ministry said on Thursday, boosting its capability to patrol vast maritime borders.
Outside the U.S., its former colonial master and long-time security ally, South Korea has been largest source of Philippine military hardware, from fighters and patrol ships to armored vehicles and army trucks.

Manila received two FA-50 light fighters from Seoul on Wednesday and two more will be delivered next month to complete the 12 aircraft, 18 billion peso (359 million dollars) deal.
The Philippines has expressed interest to acquire six more similar planes.
“We are hoping to receive the vessel within the year,” defence spokesman Arsenio Andolong said of the warship.