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Navy to get new submarine

Navy to get new submarine

SEOUL, Jan. 19 (Korea Bizwire) – South Korea’s Navy will receive a new diesel-electric air-independent propulsion submarine Friday capable of staying underwater more than 10 days, the state arms agency said. The Defense Acquisition Program Administration (DAPA) plans to deliver the Hong Beom Do submarine to the Navy in a ceremony at the shipyard of Hyundai Heavy Industries in Ulsan. Named after a respected independent fighter during Japan’s [...]

Population Shrinking Fast in Ulsan’s Shipbuilding Town Following Recession

Population Shrinking Fast in Ulsan’s Shipbuilding Town Following Recession

ULSAN, Jan. 5 (Korea Bizwire) – With the South Korean shipbuilding industry left reeling by changing economic fortunes, the population of the well-known shipbuilding neighborhood of Dong District in Ulsan is dwindling fast. Data from the Ministry of the Interior and Safety and Ulsan Metropolitan City released on Friday revealed the number of South Korean [...]

Korean Air to Fly CS300 Aircraft on Seoul-Ulsan Route

Korean Air to Fly CS300 Aircraft on Seoul-Ulsan Route

ULSAN, South Korea, Jan. 3 (Korea Bizwire) — Korean Air Lines Co. will fly its new CS300 aircraft on the Seoul-Ulsan route later this month, Ulsan city government said Wednesday. South Korea’s flagship carrier will fly two fuel-efficient 127-seat CS300s, manufactured by Canadian aircraft company Bombardier, on domestic routes linking Seoul to Ulsan, Pohang, Yeosu [...]

South Korea’s Seaport Cargo Up 8.1% in August

South Korea’s Seaport Cargo Up 8.1% in August

SEOUL, Sept. 27 (Korea Bizwire) – Cargo processed at South Korean seaports increased 8.1 percent last month from a year earlier, driven by brisk export of vehicles and imports of soft coal, government data showed Wednesday. The total amount of seaport cargo stood at 128.8 million tons inAugust, up from 119.1 million tons tallied a year earlier, according to the data by the [...]

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 [...]