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 [...]
SEOUL, Feb. 18 (Korea Bizwire) — South Korea’s Hanwha Group has held discussions with Edge Group, a defense conglomerate based in the United Arab Emirates (UAE), to explore strategic cooperation in defense, aerospace and maritime industries, according to the group’s defense arm Tuesday. Kim Dong-kwan, vice chairman of Hanwha Group, met with Faisal Al Bannai, [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kia Corp., South Korea’s second-largest carmaker, said Monday it will participate in the International Defence Exhibition & Conference (IDEX) 2025 in the United Arab Emirates this week, showcasing its non-passenger military vehicles. IDEX 2025, the Middle East’s largest defense industry trade show, is set to open on Monday (local [...]
SEOUL, Feb. 17 (Korea Bizwire) — South Korea will run a country booth at a defense exhibition in the United Arab Emirates (UAE) this week, the state arms procurement agency said Monday, as the country seeks to boost its overseas arms exports. The Defense Acquisition Program Administration (DAPA) will set up the booth at the [...]