SEOUL, March 6 (Korea Bizwire) — A North Korean soldier captured by Ukraine said that the North has military training camps that feature mockups of facilities and buildings in Seoul, Busan and Jeju Island, according to a South Korean lawmaker who recently met the soldier on Thursday. Rep. Yu Yong-weon of the ruling People Power [...]
SEOUL, March 6 (Korea Bizwire) — At least one Air Force fighter jet on Thursday misdropped eight bombs outside a training range during live-fire drills, injuring civilians in the area, officials said. The KF-16 fighter jet taking part in a live-fire exercise “abnormally” released eight MK-82 bombs outside the training range in Pocheon, 42 kilometers [...]
SEOUL, March 5 (Korea Bizwire) — The industry ministry and the state defense procurement agency will join hands to develop advanced engines for next-generation fighter jets and unmanned air vehicles (UAVs), officials said Wednesday. The Ministry of Trade, Industry and Energy and the Defense Acquisition Program Administration (DAPA) held a task force meeting to discuss [...]
SEOUL, March 5 (Korea Bizwire) — The state arms procurement agency delivered a training simulator to the Navy on Wednesday to help train troops to operate high-speed amphibious landing craft, officials said. The Navy has sought to train more personnel to steer the vessels designed to play a key role in amphibious landing operations. The [...]
SEOUL, March 4 (Korea Bizwire) — Shares of South Korean defense companies surged on March 4 following heightened geopolitical uncertainty after a failed summit between U.S. President Donald Trump and Ukrainian President Volodymyr Zelensky, fueling expectations of increased military spending in Europe. According to the Korea Exchange, Hanwha Aerospace [012450] soared 18.01% to close at 701,000 [...]
SEOUL/BUSAN, March 3 (Korea Bizwire) — The USS Carl Vinson’s arrival in South Korea this week underscores the deepening alliance between Washington and Seoul, a U.S. admiral stated Monday, a day after the aircraft carrier docked in the southeastern city of Busan. At a press conference aboard the USS Carl Vinson, Rear Adm. Michael Wosje, [...]
SEOUL, Feb. 25 (Korea Bizwire) — The state defense procurement agency signed an initial agreement Tuesday with major shipbuilders Hanwha Ocean Co. and HD Hyundai Heavy Industries Co. to promote cooperation in warship export projects, according to officials. Under the memorandum of understanding (MOU), the three sides will work together to win overseas warship deals, [...]
SEOUL, Feb. 25 (Korea Bizwire) — South Korea is set to unveil the prototype of a low observable Wingman unmanned aerial vehicle (UAV) Tuesday, with plans to conduct its first test flight later this year, according to officials at the state-run defense research agency. A ceremony marking the rollout of the prototype, jointly developed by [...]
SEOUL, Feb. 19 (Korea Bizwire) — Air Force Chief of Staff Gen. Lee Young-su commanded his first test flight of the KF-21 fighter jet Wednesday, officials said, as the armed service is set to receive the first batch of the homegrown fighter aircraft next year. For Wednesday’s flight test, Lee boarded the KF-21 at an [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea has deployed a new homegrown bunker buster missile capable of striking underground enemy targets, the Joint Chiefs of Staff (JCS) said Tuesday, in its efforts to deter North Korean military threats. The military has deployed the Korean Tactical Surface to Surface Missile (KTSSM), capable of conducting simultaneous [...]