SEOUL, Jul. 18 (Korea Bizwire) – HD Hyundai, a leading South Korean industrial conglomerate, announced on July 17 the inauguration of its Naval Technology Institute within the company’s Global R&D Center in Seongnam, Gyeonggi Province. The new institute represents an expansion of the Naval Technology Center, previously part of HD Hyundai Heavy Industries’ Special Ship Division. [...]
SEOUL, July 13 (Korea Bizwire) – North Korea condemned the joint nuclear deterrence guidelines signed by Seoul and Washington as a “reckless provocative act,” threatening that the allies will pay “an unimaginably harsh price” if they commit further provocations. The message was published by the official Korean Central News Agency in a press statement from [...]
SEOUL, July 13 (Korea Bizwire) – National Security Adviser Chang Ho-jin said Saturday the South Korea-U.S. alliance will remain sturdy regardless of whether former American President Donald Trump regains the presidency. “Regarding the South Korea-U.S. alliance, (we) have a solid support base across both the ruling and opposition sides in the United States,” Chang said [...]
SEOUL, Jul. 12 (Korea Bizwire) – The era of laser weapons has dawned in South Korea, as the country’s Defense Acquisition Program Administration (DAPA) announced on July 11 the commencement of mass production for its Laser Air Defense Weapon Block-I. This groundbreaking weapon system uses fiber-optic generated lasers to neutralize targets, specifically designed to precisely strike [...]
SEOUL, Jul. 11 (Korea Bizwire) — South Korea will begin production of a laser weapon designed to strike down enemy drones for deployment this year, the state arms procurement agency said Thursday, amid efforts to acquire advanced weapons systems for future warfare. Last month, the Defense Acquisition Program Administration (DAPA) signed a deal worth about [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea began production of the homegrown KF-21 fighter jet Wednesday, the defense procurement agency said, in the latest milestone in the country’s efforts to build an advanced fighter aircraft. A ceremony marking the assembly of the first KF-21 production model took place at Korea Aerospace Industries Ltd. (KAI), [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korea has struck a 1.3 trillion-won (US$939 million) deal to supply weapons, including K-9 self-propelled howitzers, to Romania, the state arms procurement agency said Wednesday, the latest in Seoul’s push to clinch major arms export deals. Under the agreement signed Tuesday, South Korean defense giant Hanwha Aerospace will [...]
SEOUL, July 9 (Korea Bizwire) — Hanwha Systems Co., a South Korean defense solutions company, said Tuesday that it has clinched a 1.2 trillion-won (US$866.8 million) deal to supply multi-function radar (MFR) for the Cheongung-II medium-range surface-to-air missile (M-SAM) system, which will be exported to Saudi Arabia. This deal is part of a larger [...]
SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of National Defense announced on July 3 the launch of a specialized generative artificial intelligence (AI) service for defense operations, accessible through its internal network. Similar to ChatGPT, the popular AI service developed by OpenAI, this new platform allows users to engage in chat-based interactions to [...]
SEOUL, July 3 (Korea Bizwire) – North Korea’s recent shift from sending propaganda leaflets to launching balloons filled with excrement into South Korea may be seen as an admission of the regime’s vulnerability, but experts warn that this tactic could pose a serious threat if it evolves into a form of terrorism. These observations come from [...]