SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s military on Monday vowed to take “stern” military measures should North Korea “cross the line” with its ongoing trash balloon campaign or inflict serious damage to the South Korean people. The Joint Chiefs of Staff (JCS) made the remark in a statement in response to the North’s [...]
SEOUL, Sept. 21 (Korea Bizwire) – A recent survey has revealed that one in five South Korean adults believes the government’s decision to designate October 1st, Armed Forces Day, as a temporary public holiday is inappropriate. Polling firm PMI announced on September 20 that it had surveyed 3,000 South Koreans aged 20-69 about their thoughts on [...]
SEOUL, Sept. 20 (Korea Bizwire) — LIG Nex1 Co., South Korea’s major defense firm, said Friday it has secured a 3.7 trillion-won (US$2.78 billion) contract with Iraq to export its Cheongung-II medium-range surface-to-air missile defense system. The deal was made with Iraq’s defense ministry, though specific financial details were withheld for security reasons, according to [...]
SEOUL, Sept. 20 (Korea Bizwire) — The military has deployed an upgraded radar system for units monitoring coastal areas to bolster their operational capabilities, the state arms procurement agency said Friday. The system completed deployment late last month at various Army and Navy units stationed near the coast and on islands as part of a [...]
SEOUL, Sept. 20 (Korea Bizwire) — The state arms procurement agency on Friday launched a unit dedicated to developing, managing and certifying semiconductors used in defense systems to meet growing demand for such chips amid evolving warfare and artificial intelligence technology. A ceremony marking its opening took place at the Daejeon office of the Defense [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift that could reshape geopolitical dynamics in Southeast Asia, South Korea is on the brink of its first-ever arms sale to a communist nation. Industry insiders and government sources revealed on September 18 that negotiations to export the K9 self-propelled howitzer to Vietnam are progressing positively. While [...]
SEOUL, Sept. 18 (Korea Bizwire) – With the South Korean government pushing to strengthen its defense industry competitiveness and become one of the world’s top four arms exporters, the country’s flagship weapons systems are undergoing significant upgrades to expand their presence in the global market. At the International Defense Industry Exhibition (MSPO) held in Poland earlier [...]
SEOUL, Sept. 13 (Korea Bizwire) — The military has recently taken down more than 1,300 surveillance cameras installed at various bases, including those near the border with North Korea, after discovering they were Chinese-made equipment, a military official said Friday. In late July, military and intelligence authorities found out the surveillance cameras supplied by a [...]
SEOUL, Sept. 8 (Korea Bizwire) – North Korea’s trash-filled balloons have caused combined damage exceeding 100 million won (US$74,600) in the wider capital area of South Korea over the past three months, according to data Sunday. Damage was reported due to trash bundles that landed in Seoul and the surrounding Gyeonggi Province between May 28 [...]
SEOUL, Sept. 3 (Korea Bizwire) –The government on Tuesday designated Armed Forces Day on Oct. 1 as a temporary holiday this year to boost troop morale and domestic consumption. A motion to designate the holiday was passed during a Cabinet meeting and signed off by President Yoon Suk Yeol later in the day. The [...]