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Daewoo Shipbuilding Bags 1.1 tln-won Deal to Build Upgraded Submarine

Daewoo Shipbuilding Bags 1.1 tln-won Deal to Build Upgraded Submarine

SEOUL, Oct. 11 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., a major shipbuilder in South Korea, said Friday it has signed a deal worth 1.1 trillion won (US$924 million) to design and build an upgraded submarine for the country’s Navy. Under the deal with the Defense Acquisition Program Administration (DAPA), Daewoo Shipbuilding will [...]

Navy Launches New 1,800-ton Submarine

Navy Launches New 1,800-ton Submarine

SEOUL, Sept. 7 (Korea Bizwire) — South Korea on Thursday launched a new 1,800-ton submarine, characterizing it as a “strategic dagger” to strike precisely at a range of targets. The launch of the diesel-electric submarine wrapped up the Navy’s KSS-II acquisition program, which began in 2000, for the introduction of nine 1,800-ton 214-class submarines. “It’s [...]

S. Korea’s Warships to Have New Missiles for Ground Targets

S. Korea’s Warships to Have New Missiles for Ground Targets

SEOUL, April 18 (Yonhap) – South Korea’s Navy has completed the development of new tactical ship-to-ground guided missiles which would enhance its ability to strike North Korea’s key military facilities, the country’s arms procurement agency said Tuesday.  South Korea will start mass-producing the missiles with two types of launch systems — inclined and vertical — [...]

U.S. Navy Ship Makes Port in Busan amid Tension with North Korea

U.S. Navy Ship Makes Port in Busan amid Tension with North Korea

BUSAN, Feb. 15 (Korea Bizwire) – A military source confirmed Wednesday that the USNS Howard O. Lorenzen – capable of tracking and monitoring ballistic missiles – is currently stationed in Busan, South Korea’s largest port, amid recent threats from North Korea that have been raising international concern.  The 12,845-ton vessel went into operation in 2014, [...]