SEOUL, May 2 (Korea Bizwire) — South Korean defense firm Hyundai Rotem has been selected as a preferred bidder to export 30 K-808 White Tiger wheeled armored vehicles to Peru, the company said Thursday. STX Engine will serve as the main contractor for the deal, while Hyundai Rotem will supply the vehicles to the Peruvian [...]
SEOUL, Apr. 30 (Korea Bizwire) — South Korea will impose a travel ban on Haiti next month due to increasing safety concerns as gang violence is escalating in the Caribbean nation, the foreign ministry has said. The Level 4 travel advisory, the highest of the four-scale system, will go into effect Wednesday, and it will [...]
SEOUL, Apr. 29 (Korea bizwire) — Hanwha Systems Co., a defense electronics and ICT solutions unit under Hanwha Group, said Monday it will hold a groundbreaking ceremony for a new space center on South Korea’s southern island of Jeju. The Jeju Hanwha Space Center, set to be built at Hawon Techno Campus in southern Jeju, [...]
SEOUL, Apr. 23 (Korea Bizwire) — South Korean defense firm Hanwha Aerospace Co. is expected to export an additional batch of Chunmoo multiple launch rocket systems (MLRS) to Poland, a deal estimated at around 2.2 trillion won (US$1.6 billion), multiple sources said Tuesday. A Polish delegation, led by Deputy Defense Minister Pawel Bejda, plans to [...]
SEOUL, April 17 (Korea Bizwire) – The Russian state-run news agency RIA Novosti reported on April 17 that Ukraine has been persisting in its attempts to recruit mercenaries from South Korea through internet communities and social media. According to the agency, a post appeared on a popular South Korean online community on April 10 in which [...]
SEOUL, Apr. 9 (Korea Bizwire) – South Korea’s second military reconnaissance satellite launched into space this week has made contact with a ground station in the country and is undergoing initial operations normally, the defense ministry said Tuesday. The satellite successfully entered orbit after being launched on a SpaceX Falcon 9 rocket from Florida at [...]
SEOUL, Apr. 8 (Korea Bizwire) — South Korea placed its second military spy satellite in space Monday to beef up its space-based surveillance of North Korea and deter its nuclear and missile threats amid Pyongyang’s own push to launch more satellites. SpaceX’s Falcon 9 rocket launched the reconnaissance satellite from the John F. Kennedy Space [...]
SEOUL, Apr. 8 (Korea Bizwire) — South Korea launched its second indigenous spy satellite on a SpaceX Falcon 9 rocket from Kennedy Space Center in the U.S. state of Florida on Monday (Seoul time), according to the defense ministry. The Falcon 9 lifted off at 8:17 a.m. (7:17 p.m. local time) from the John F. [...]
SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]
DAEJEON, Apr. 5 (Korea Bizwire) – The Korea Forest Service has announced plans to distribute “STEP-UP,” a wearable firefighting robot equipped with GPS, in areas along the eastern coast that are highly susceptible to large forest fires. With an investment of 200 million won, the STEP-UP project aims to boost the safety and firefighting capabilities of [...]