SEOUL, June 18 (Korea Bizwire) — South Korea, the United States and Japan held combined air drills Wednesday in an effort to strengthen their trilateral security cooperation against North Korean threats, the South’s Air Force said. It marked the first joint air exercise among the three countries since President Lee Jae Myung took office earlier [...]
SEOUL, June 16 (Korea Bizwire) — South Korea’s Hanwha Systems Co. has partnered with U.S. defense giant Northrop Grumman Corp. to jointly develop multilayered air defense systems, industry sources said Monday. According to the sources, Hanwha Systems has recently signed a memorandum of understanding (MOU) for joint projects in air defense systems with the U.S. [...]
SEOUL, June 13 (Korea Bizwire) — South Korea and Indonesia have finalized a deal to slash Jakarta’s contribution to the joint KF-21 fighter jet project to 600 billion won (US$443 million), about one-third of the original amount, Seoul’s defense procurement agency said Friday. The two sides signed the agreement at an arms exhibition in Jakarta [...]
SEOUL, June 11 (Korea Bizwire) – Pilots made an emergency escape following an accident involving a South Korean KF-16 fighter jet taking part in the U.S.-led multinational Red Flag air exercise in Alaska, the South’s Air Force said Wednesday. The two pilots ejected themselves from the double-seat fighter after an emergency situation occurred at around [...]
SEOUL, June 10 (Korea Bizwire) — Kia Corp. announced Tuesday that it has begun mass production of its next-generation standard medium-duty military vehicles, marking the first full-scale model renewal in 48 years. The automaker held a rollout ceremony at its Autoland Gwangju plant, attended by over 100 officials, including senior representatives from the Ministry of National [...]
SEOUL, June 10 (Korea Bizwire) — South Korea is likely to sign a deal worth around US$6 billion to export additional K2 tanks to Poland later this month, government sources said Tuesday, in what would be Seoul’s biggest single arms export contract. Under the deal set to be signed in late June, Poland will receive [...]
SEOUL, June 9 (Korea Bizwire) — South Korea’s top military officer met with the chief of the U.S. Transportation Command on Monday and discussed ways to bolster cooperation, such as regularizing combined transportation drills, the South’s Joint Chiefs of Staff (JCS) said. JCS Chairman Adm. Kim Myung-soo and Gen. Randall Reed held talks in Seoul, [...]
SEOUL, June 4 (Korea Bizwire) – President Lee Jae-myung on Wednesday called for “watertight” military readiness in his first phone talks with South Korea’s military chief, shortly after assuming his role as commander-in-chief. During the phone talks, Lee received a security briefing from Joint Chiefs of Staff (JCS) Chairman Adm. Kim Myung-soo on North Korea’s [...]
SEOUL, June 4 (Korea Bizwire) — South Korean defense firm Korea Aerospace Industries Ltd. (KAI) has signed a deal with the Philippine defense ministry to export 12 FA-50 light attack fighters, the state arms procurement agency said Wednesday. The US$700 million deal signed on Tuesday marks the second round of FA-50 exports to Manila, following [...]
SEOUL, June 2 (Korea Bizwire) — South Korea is closely monitoring additional observation buoys installed by China near overlapping waters between the two countries, the foreign ministry said Monday, citing concerns they could be used for military purposes. The South Korean Navy recently detected three new buoys installed in May 2023 in international waters near [...]