SEOUL, April 8 (Korea Bizwire) — Hanwha Defense, a South Korean defense firm, broke ground Friday for a new factory in Australia to supply self-propelled howitzers and armored vehicles to the country under last year’s 1-trillion won (US$816 million) procurement deal. The ground-breaking ceremony for the factory set to be built by 2024 took place [...]
SAN DIEGO, March 31 (Korea Bizwire) — From David R. Alexander, President of General Atomics Aeronautical Systems Inc. (GA-ASI): The Australian Department of Defence has advised of its decision to cancel Project Air 7003, after nearly a decade of efforts toward that acquisition program. Project Air 7003 was expected to provide the Australian Defence Force [...]
SEOUL, Feb. 15 (Korea Bizwire) — South Korean cars are showing outstanding performance in the Australian market. As the local economy is the recovery from the pandemic, various marketing strategies have worked in boosting imports. The Korea Automobile Manufacturers Association reported that a total of 137,547 South Korean automobiles were exported to Australia last year, [...]
SYDNEY, Feb. 9 (Korea Bizwire) — Leading global medical product supplier ProcureNet has won Australian Government authorization to market and sell its highly effective Medriva COVID-19 Rapid Antigen Test Kit under ARTG #383819. Approval from the Therapeutic Goods Administration (TGA) has signaled a potential mass rollout of Medriva test kits to pharmacies and local governments, which provides [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. has signed an initial contract to purchase 700,000 dry metric tons of lithium ore concentrate from an Australian miner, a document showed Wednesday, a deal that could help LG secure a supply of lithium-ion battery materials. A disclosure document posted by [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korean pharmaceutical giant Celltrion Inc. said Tuesday its COVID-19 antibody treatment has won emergency approval from Australian authorities. The Therapeutic Goods Administration (TGA) granted provisional approval of Rekirona for the intravenous treatment of mild-to-moderate COVID-19 in adult patients. It is the fifth COVID-19 treatment to receive regulatory approval [...]
NEW YORK, Sept. 13 (Korea Bizwire) — Fluent Trade Technologies’ award-winning technology is powering National Australia Bank’s global FX activity, strengthening and broadening its end-to-end global trading capabilities to deliver a market-leading, ultra-low latency, multi-asset trading platform to its customers, worldwide. David Faulkner, Managing Director, Fluent Trade Technologies said, “Data drives every decision within the [...]
SEOUL, Aug. 16 (Korea Bizwire) — LG Energy Solution Ltd., South Korea’s leading battery company, said Monday it has signed a six-year deal with Australian Mines Ltd. for a stable supply of key battery materials. In the deal that will begin at the end of 2024, LG Energy Solution will receive 71,000 tons of nickel [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s agricultural ministry said Monday it has reached an agreement with Australia to maintain its exports of pears despite the outbreak of fire blight in the country. The country has been shipping pears produced in four designated regions under the condition that the country verifies that farms in [...]
DARWIN, Australia, Aug. 3 (Korea Bizwire) — The Darwin Aboriginal Art Fair (DAAF) will open Friday 6 August via its cutting-edge digital platform, connecting audiences around the world with Australia’s Aboriginal and Torres Strait Islander creatives. Presented by Darwin Aboriginal Art Fair Foundation (DAAFF), now in its 15th year, the DAAF program will run from 6-11 [...]