SEJONG, South Korea, March 17 (Korea Bizwire) — Hanwha Group is making a renewed attempt to acquire Austal, an Australian shipbuilding company that supplies vessels to the U.S. and Australian navies, through its defense affiliates Hanwha Systems and Hanwha Aerospace. The move follows Hanwha’s previous failed bid in April 2024, when its subsidiary Hanwha Ocean offered [...]
SEOUL, March 13 (Korea Bizwire) — Two Air Force fighter jet pilots were booked Thursday over last week’s accidental bombing of a village after pilot error was found to be the cause of the accident, the defense ministry said. Last Thursday, two KF-16 fighter jets dropped eight MK-82 bombs outside a training range in Pocheon, [...]
WASHINGTON, March 10 (Korea Bizwire) – A White House official reiterated the United States’ commitment to the “complete” denuclearization of North Korea on Monday, after Pyongyang fired multiple ballistic missiles in its first known launch since U.S. President Donald Trump took office in January. “We’re aware of the missile launches and refer you to U.S. [...]
SEOUL, March 10 (Korea Bizwire) — The Air Force reaffirmed pilot error as the main cause of an unprecedented mistaken bombing on a civilian town last week, as it released Monday the interim probe results of the fighter jet accident. Two KF-16 fighter jets “abnormally” dropped eight MK-82 bombs outside a training range in Pocheon, [...]
SEOUL, March 8 (Korea Bizwire) — As Europe navigates a rapidly changing security landscape, South Korean Foreign Minister Cho Tae-yul highlighted growing European interest in deepening cooperation with Seoul. Speaking to reporters in Paris on March 7, Cho emphasized that European nations increasingly recognize South Korea’s strategic value, particularly in security and defense. His remarks followed [...]
SEOUL, March 7 (Korea Bizwire) — A North Korean soldier captured by Ukraine has said he used jamming guns to neutralize Ukrainian drones, a South Korean lawmaker who recently met the soldier said Friday, in a rare glimpse into the North’s battlefield tactic to aid Moscow’s war against Kyiv. Rep. Yu Yong-weon of the ruling [...]
SEOUL, March 7 (Korea Bizwire) — The defense ministry said Friday a total of 29 people, including 15 civilians, have been injured from an accidental fighter jet bombing of a northern village earlier this week. On Thursday, two KF-16 fighter jets “abnormally” dropped eight MK-82 bombs outside a training range in Pocheon, some 40 kilometers [...]
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 [...]