SEOUL, Oct. 22 (Korea Bizwire) – Major global defense companies gathered at an international biennial defense trade show in South Korea set to close Sunday to display advanced military hardware and reaffirm their commitment to the local market. The Seoul International Aerospace and Defense Exhibition (ADEX) at Seoul Air Base in Seongnam, just south of [...]
SEOUL, Sept. 5 (Korea Bizwire) — South Korean defense companies were set to showcase advanced weapons systems at an annual major arms exhibition in Poland this week, Seoul’s arms procurement agency said Tuesday, as the two countries seek to step up security cooperation. The International Defense Industry Exhibition, or MSPO, will kick off later in [...]
SEOUL, Aug. 17 (Korea Bizwire) — South Korean defense companies are making forays into the development of military robots as their new growth engine. Hyundai Rotem Co., a train and defense company, has launched a drive to develop a multi-legged counter-terrorism robot that is expected to be commercialized by 2024. With four legs, the robot [...]
SEOUL, June 2 (Korea Bizwire) — South Korea’s major defense companies are stepping into new businesses such as urban air mobility (UAM) and drones on the back of their long-accumulated expertise in military-purpose technologies. Hanwha Systems Co., the defense and ICT unit of Hanwha Group, signed a business agreement with Britain’s UAM infrastructure specialist Skyports [...]