S. Korea to deploy advanced anti-sub missiles on destroyers

South Korea`s defense ministry said Thursday that newly developed anti-submarine guided missiles will be deployed on destroyers by 2012 to beef up the country`s naval defense, according to Yonhap News.

South Korean destroyers will begin to carry about 60 to 70 long-range anti-submarine missiles, nicknamed "Red Shark," in three years, said the ministry after a meeting on mid-term arms procurement plans.

Red Sharks, which are capable of hitting underwater targets after first flying over water, were developed through a 100 billion won (US$8 million) project in June. Each Red Shark missile is known to cost approximately 2 billion won.