SEOUL, Mar. 15 (Korea Bizwire) — The state arms procurement agency said Friday it has signed a 330.6 billion-won (US$250 million) contract with local defense company LIG Nex1 Co. for the development of a long-range ship-to-air missile by 2030. The two sides signed the deal Thursday for the air defense weapon to be equipped on [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korea, the United States and Japan agreed Sunday to launch a real-time missile warning data sharing system next month to better detect and assess North Korea’s ballistic missile launches, Seoul’s defense ministry said. The defense chiefs of the three nations reached the agreement during their meeting on the [...]
SEOUL, Oct. 16 (Korea Bizwire) — North Korea on Monday condemned Japan’s move to accelerate its planned acquisition of Tomahawk cruise missiles from the United States as an “arrogant choice,” warning that it will heighten regional tensions. Earlier this month, Japanese Defense Minister Minoru Kihara said Tokyo aims to purchase the missiles as early as [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea will invest about 290 billion won (US$218 million) to develop an improved version of a homegrown bunker-buster missile capable of striking underground enemy targets, the state arms procurement agency said Monday. The project comes as South Korea’s military has been seeking to reinforce its deterrence capabilities against [...]
SEOUL, April 14 (Korea Bizwire) — North Korea’s first test launch this week of a purportedly solid-fuel intercontinental ballistic missile (ICBM) appears intended to secure the ability for a surprise strike and complicate tightening South Korea-U.S. deterrence efforts, analysts said Friday. The North’s official Korean Central News Agency confirmed the country fired a Hwasong-18 ICBM [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea has successfully completed a 180 billion-won (US$138 million) project to develop an air-to-ground guided missile to be fitted on a homegrown light armed helicopter (LAH), the state arms procurement agency said Monday. The missile, named Cheongeom, passed a combat suitability assessment on Dec. 12, capping more than [...]
SEOUL, Oct. 8 (Korea Bizwire) — Tensions on the Korean Peninsula appear to be on a perilous escalatory trajectory, with North Korea dialing up nuclear and missile threats, and South Korea and the United States determined to make “stronger-than-before” responses, analysts said Friday. In just under two weeks, Pyongyang has staged six rounds of missile [...]
SEOUL, July 31 (Korea Bizwire) — South Korea, the United States and Japan will kick off a combined ballistic missile defense exercise in waters off Hawaii this week, informed sources said Sunday, amid their stepped-up security coordination against North Korea’s evolving military threats. The biennial Pacific Dragon exercise is scheduled to take place from Monday [...]
SEOUL, June 7 (Korea Bizwire) — South Korea and the United States conducted a combined air power demonstration involving 20 warplanes, including F-35A stealth fighters, over the Yellow Sea on Tuesday, Seoul officials said, in another display of their readiness following North Korea’s weekend missile launches. The air maneuvers came just a day after the [...]
SEOUL, May 10 (Korea Bizwire) — South Korea has developed a homegrown radar technology to identify and track ballistic missile warheads as part of efforts to strengthen the nation’s air defense, its state-run military research agency said Tuesday. The Agency for Defense Development (ADD) has secured the technology designed to discern warheads of hostile missiles [...]