SEOUL, Aug. 4 (Korea Bizwire) — South Korea decided to acquire a new frigate with improved anti-aircraft and survival capabilities through domestic research and development, the arms procurement agency said Wednesday. The defense project promotion committee held a videoconference and approved the plan for the 3.5 trillion won (US$3.1 billion) Ulsan-class Batch IV project, according [...]
SEOUL, June 18 (Korea Bizwire) — South Korea said Friday it will develop over 100 miniature satellites over the next decade with the aim of establishing a national security monitoring system and testing next generation network communications in its latest push to strengthen its space industry. The Ministry of Science and ICT said it would [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korea has completed the development of a command post vehicle to replace makeshift tent type posts for front-line infantry units, the arms procurement agency said Monday. The new wheel type vehicle allows commanders to lead combats while moving around and is equipped with devices to defend against enemy’s [...]
SEOUL, Oct. 28 (Korea Bizwire) — South Korea said Wednesday it will allocate 194.4 billion won (US$172.5 million) next year for the development of robot technology in the latest move to brace for the post-pandemic era. The figure represents a 32 percent hike from 2020, according to the Ministry of Trade, Industry and Energy. Under [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea plans to invest 2.7 trillion won (US$2.3 billion) in the next 10 years to develop drones for military use, the arms procurement agency said Tuesday. Under the plan, the country will develop various drones to carry out missions ranging from surveillance to firing grenades and rifles, according [...]
SEOUL, Jan. 19 (Korea Bizwire) – South Korea said Sunday that it will invest 1 trillion won (US$863 million) in the next 10 years to nurture the next-generation semiconductor sector. According to the science ministry, cutting edge artificial intelligent (AI) and system-on-chip (SoC) technology, low energy consumption, high performance new devices and ultrafine fabrication processing [...]
SEOUL, Dec. 31 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Tuesday it will develop three satellites by 2025 in the second phase of the country’s satellite development project. KAI and the Korea Aerospace Research Institute (KARI) plan to jointly develop three midsized satellites that are capable of conducting [...]
SEOUL, Jul. 1 (Korea Bizwire) — The Ministry of Land, Infrastructure and Transport announced Sunday the establishment of a “Sixth Airport Development Comprehensive Plan”, which will take effect from 2021 to 2025, to counter changes such as the growth of the high-tech and aviation industries. The initiative is a five-year plan that is set up [...]
SEOUL, Apr. 28 (Korea Bizwire) – South Korea will spend 300 billion won (US$264 million) on developing three medium-sized next-generation satellites to improve the country’s knowledge of space science and permit better management of agricultural resources and the environment, the science ministry said Sunday. The 2019-2025 plan approved by the National Space Committee calls for [...]
SEOUL, Aug. 21 (Korea Bizwire) – News broke on August 20 that an R&D center devoted to artificial intelligence (AI) research will open its doors this coming October in Seoul’s Seocho District. The facility will be housed on four floors at the Korean Federation of Teachers’ Associations building located in the Umyeon neighborhood. Major players [...]