SEOUL, Nov. 28 (Korea Bizwire) — South Korea has created an interministerial task force to spearhead the development of an advanced aircraft engine for its next-generation fighter jets, an effort aimed at joining the small group of nations capable of producing such high-end defense technology, government officials said on Friday. The new body brings together [...]
GOHEUNG, Nov. 27 (Korea Bizwire) — The successful fourth launch of South Korea’s Nuri rocket has renewed attention on the Naro Space Center in Goheung, South Jeolla Province — the country’s first and only launch site, and the core of its rapidly expanding space ambitions. Opened in 2009 on Oenarodo Island, the Naro Space Center serves [...]
GOHEUNG, South Korea, Nov. 27 (Korea Bizwire) — South Korea’s homegrown space ambitions took another decisive step forward early Thursday, when its Nuri rocket rose from a seaside launchpad on the nation’s southern coast and carried 13 satellites into orbit — a predawn ascent that officials hailed as a milestone for the country’s growing private-sector space ecosystem. [...]
MUAN, Nov. 27 (Korea Bizwire) — South Jeolla Province is celebrating a wave of high-profile successes — from attracting global data centers and fusion research facilities to the successful launch of the Nuri rocket — cementing its ambitions to become South Korea’s “energy capital.” Early Thursday morning, the country’s first privately built Nuri (KSLV-II) rocket lifted [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea will gain new regional air links to the United Arab Emirates under a fresh aviation agreement reached on the sidelines of an international transport conference, the government said Sunday, marking a significant expansion of routes between the two countries. At the International Civil Aviation Organization’s Air Services Negotiation [...]
SEOUL, Nov. 19 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Wednesday it has signed a memorandum of understanding (MOU) with a United Arab Emirates (UAE) defense company to cooperate in the aerospace sector. The agreement with EDGE Platforms and Systems, a unit of the UAE’s defense conglomerate EDGE [...]
SEOUL, Nov. 10 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Monday it has been selected by U.S. defense giant Lockheed Martin Corp. as a partner to upgrade simulators for the Air Force’s KF-16 fighter jets. KAI will upgrade nine KF-16 simulators previously delivered to the Air Force to [...]
SEOUL, Oct. 23 (Korea Bizwire) — Korean Air Co. said Thursday it has completed a $217 million investment in the parent companies of WestJet Airlines Ltd., Canada’s second-largest carrier, as part of a broader push to strengthen its network and partnerships across North America. The deal gives Korean Air a 10% equity stake in Kestrel Topco [...]
SEOUL, Oct. 22 (Korea Bizwire) – Korean Air Co. signed a partnership framework with U.S. defense giant Lockheed Martin Corp. on Wednesday to provide follow-on maintenance support for U.S. military aircraft, expanding its role as a key maintenance partner in the Indo-Pacific region. A signing ceremony for the framework took place at the Seoul International [...]
SEOUL, Oct. 16 (Korea Bizwire) — Airbus SE, the European aerospace giant, pledged Thursday to strengthen its partnership with South Korea, expanding industrial cooperation and sustainability efforts across commercial aviation and defense. Speaking in Seoul ahead of the Seoul International Aerospace and Defense Exhibition (ADEX) 2025, Lee Hee-hwan, president of Airbus Korea, said the company [...]