South Korea plans to mass-produce a new indigenous medium-range anti-tank guided missile (ATGM), the Defense Acquisition Program Administration (DAPA) announced on Thursday in a written statement.

DAPA and the Defense Agency of Technology and Quality (DTaQ) reported that the South had “successfully” carried out a live-fire test of its first domestically-produced anti-tank guided weapon on Tuesday at Pocheon in Gyeonggi Province.

The missile, entitled “Hyungung” in Korean and “Raybolt” in English, is a man-portable anti-tank guided missile for infantry units, and will be delivered to the country’s military this year.

In the “Mid-term Defense Plan for 2018-2022” released by the