Hanwha Aerospace to build defense plant in Germany as European base
Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany as part of its global strategy to expand its presence across ...
South Korea’s renewed stock market darlings: Weapons makers
South Korea’s defense industry is once again capturing investor attention, as exports of tanks, armored vehicles and other weapons systems soa...
Hyundai Rotem to supply ground weapons to Peru
South Korea's Hyundai Rotem Co. said on Monday it signed an agreement with the Peruvian Army to supply K2 main battle tanks, armored vehicles, and o...
LIG Nex1 participates in Malaysia's DSA 2024
South Korea's major defense system developer LIG Nex1 Co. announced on Tuesday that it's participating in the Defence Services Asia (DSA) 2024 exhib...
Perigee, Hyundai Rotem to team up for SLV
South Korea's Perigee Aerospace Inc. announced on Monday that it signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to expand its bus...
Hanwha expected to sign $751 mn howitzer deal with Romania
Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, is set to sign a 1 trillion won ($751 million) contract to s...
Hanwha, Saudi gov't to cooperate in defense industry
Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...
LIG Nex1, Hyundai Rotem to team up for Middle East export
South Korea's major defense maker LIG Nex1 Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to...
North Korea’s missiles tested on the battlefields of Ukraine
SEOUL—One of the world’s biggest illicit-arms suppliers just got a major advertisement.In recent weeks, Russian forces have fired...
Hanwha Aerospace, KATECH to collaborate on hydrogen fuel cell
South Korea's Hanwha Aerospace Co. announced on Monday it signed a memorandum of understanding (MOU) with the Korea Automotive Technology Institute ...
Hanwha Group chair calls for startup-like entrepreneurial spirit
South Korea’s Hanwha Group Chairman Kim Seung-youn on Monday urged the defense-to-financial conglomerate to revive the bold innovations of its...
Hanwha to showcase advanced weapons systems in Poland
South Korea’s Hanwha Group will unveil its advanced land, sea, air and space weapons systems this week at the International Defense Industry E...
S.Korea to apply private advanced tech to military weapons in 5 years
South Korea has approved a fast-track system that slashes complex administrative procedures for application of private technology to the military&rs...
S.Korea to raise R&D's share of defense budget to 10%
South Korea will develop a reconnaissance and interception system to respond to North Korea's nuclear weapons and missile threats from space by rais...
S.Korea, Boeing tie up for develop future advanced weapons
The Korean Defense Acquisition Program Administration (DAPA) teams up with major US defense contractor Boeing to conduct research and development on...
Hyundai Rotem closes in on $190 million armored vehicle deal with Peru
Hyundai Rotem Co., a South Korean defense equipment maker, is closing in on a contract to export advanced armored vehicles to Peru – a deal th...
LIG Nex1, S.Korea's Air Force Academy sign future defense tech deal
LIG Nex1 Co. and Republic of (South) Korea Air Force Academy have agreed on close cooperation in joint research on defense technology and personnel ...
Boeing’s Korean supplier targets UAV market with guided weapons
Boeing Co.’s leading South Korean contractor aims to develop unmanned aerial vehicles with guided weapons, given the rapidly growing military ...
Hanwha Aerospace joins Romania's defense modernization efforts
South Korean aircraft engine maker and defense utility company Hanwha Aerospace Co. has signed on Monday a memorandum of understanding (MOU) with Ro...
South Korea Revives Nuclear Debate as Tensions With the North Rise
SEOUL—Rising tensions on the Korean Peninsula and Pyongyang’s spree of weapons tests are fueling a debate in South Korea over the deploy...
Korea eyes $20 bn in weapons exports as Hanwha inks $6 bn Polish deal
South Korea has moved a step closer to achieving a record 28 trillion won ($20 billion) in weapons exports this year, with Hanwha Defense Co. clinch...
LIG Nex1 to invest $77 million to expand weapons production facility
LIG Nex1 Co., a leading South Korean defense company, said on Thursday it will spend 110 billion won ($77 million) on its production facility expans...
Japan and South Korea leaders meet one-on-one for first time since 2019
The leaders of Japan and South Korea held their first bilateral meeting in nearly three years, another step toward recovery for frayed ties between tw...
Korea defense firms showcase new weapons for record exports
South Korean defense makers showcased next-generation products with artificial intelligence, robot and stealth functions for the future battlefiel...
North Korea dismisses South Korea’s move to improve ties as ‘absurd dream’
SEOUL—South Korean President Yoon Suk-yeol sought to shake up frothy inter-Korean ties on Monday with what he called an “audacious plan....
North Korea missile tests drawing tougher response from US, South Korea
SEOUL—The U.S. and South Korea are responding to North Korea’s unprecedented number of missile tests this year with a greater show of ...
Korea jittery over oil, gas, commodity weaponization
South Korea’s energy and raw materials imports have surged to all-time highs in value terms in the wake of Russia’s invasion of Ukraine,...
Hanwha, Poongsan, LIG Nex1 clinch $989 mn Saudi defense deals
South Korea’s three defense-related companies have signed a combined 3.71 billion Saudi riyal ($989 million) contract to supply ammunition and...
Korea’s defense companies emerge as coveted growth stocks
South Korea’s defense companies have been regarded as typical domestic stocks with their share performances broadly linked to the size of the ...
US and South Korea to update wartime plans for North Korea
SEOUL—The U.S. and South Korea said they would update their joint wartime contingency plans for North Korea, as the Kim Jong Un regime has&n...
