Agency for Defense Development
The K200 project began in 1981 when the Republic of Korea Army issued a request for a new Korean Infantry Fighting Vehicle (KIFV) to meet future combat requirements. The Agency for Defense Development was in charge of its development, and Daewoo Heavy Industries was the prime contractor for the production of this vehicle. The K200 was designed to be an amphibious personnel carrier that could cross shallow rivers, based on the chassis of the American Armored Infantry Fighting Vehicle. The AIFV itself was based on the M113 armored personnel carrier. The vehicle was developed to be more affordable than the AIFV, but not necessarily sacrificing capability, to gain an edge in cost-effectiveness. The eventual domestic development and production of the K200 achieved a price range of $1.32 million to $1.41 million as opposed to the $1.52 million to $2.83 million price range that a license-production or direct importation of the AIFV would have entailed.