Military
-
Hanwha Aerospace demonstrates UGV performance at U.S. military base
SEOUL -- Hanwha Aerospace, a defense solution flagship of South Korea's Hanwha Group, demonstrated the performance of its advanced multi-purpose electric unmanned ground vehicle at a U.S. military base, proving the vehicle’s mature robotic and unmanned technologies. Hanwha Aerospace said that the demonstration of its unmanned ground vehicle (UGV) codenamed Arion-SMET was made at the request of the U.S. Army DEVCOM Ground Vehicle Systems Center at a U.S. military base in
November 29, 2022 -
S. Korea endorses development of 155 mm guided shells and 130mm rocket system
SEOUL -- South Korea approved a military program to spend some 440 billion won ($328 million) on developing the Korean version of Excalibur, a 155 mm extended-range U.S. guided artillery shell, to quickly and accurately hit key enemy targets. The project is aimed at developing 155mm precision-guided shells from 2024 to 2036. Excalibur was co-developed by Raytheon, a U.S. guided missile producer, and BAE Systems Bofor of Sweden, as a longer-range alternative to conventional artillery
November 28, 2022 -
$4.29 billion earmarked for production of homemade light-armed helicopters by 2031
SEOUL -- A military program to produce homemade light-armed helicopters developed by Korea Aerospace Industries (KAI), the sole aircraft maker in South Korea, got approval with an injection of 5.75 trillion won ($4.29 billion) for nine years by 2031. The program is aimed at replacing an aging fleet of light helicopters such as MD500s and AH-1S Cobra. The green light came at a meeting chaired by Defense Minister Lee Jong-sup, according to the Defense Acquisition Program Administrat
November 28, 2022 -
LIG Nex1 leads military project to develop jammer capable of neutralzing N. Korean drones
SEOUL -- LIG Nex1 was selected for a military project to develop a jammer capable of disturbing control signals of North Korean drones and getting them off course or into a crash in a "soft kill" manner when they fly into South Korean airspace across the heavily guarded inter-Korean border. The Defense Acquisition Program Administration (DAPA), an arms procurement agency controlled by the defense ministry, embarked on a project that costs about 24.4 billion won ($18 millio
November 22, 2022 -
ADD partners with technology finance support institution to help defense technology companies
SEOUL -- South Korea's defense technology development agency has partnered with a state-operated credit guarantee finance support institute to help technology companies suffering from heavy interest burdens due to global interest rate hikes. The Korea Technology Finance Corporation (KOTEC) is a finance support institute that evaluates the value of technology owned by an individual person or small and medium-sized companies (SMEs) based on a credit guarantee system. When its eva
November 18, 2022 -
LIG Nex1 selected to develop protoype of interceptor missile for dome-shaped air defense shield
SEOUL -- LIG Nex1, a defense contractor in South Korea, was selected for a deal to deliver the prototype of an interceptor missile, marking the official beginning of a much-heralded military program to develop a dome-shaped air defense shield that intercepts North Korea's long-range artillery shells. The contract worth about 11.3 billion won ($8.5 million) is part of a research and development project that "integrates the prototype of a long-range artillery interception sy
November 16, 2022 -
Hanwha Systems secures deal to deliver prototype of radar for dome-shaped air defense system
SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has secured a deal from a state defense technology development agency to deliver the prototype of a radar for a dome-shaped air defense system that intercepts North Korea's long-range artillery shells and cruise missiles sneaking across the tightly guarded inter-Korean border. In a regulatory filing on November 15, Hanwha Systems said it has signed a contract worth 51.2 billion won
November 15, 2022 -
Poongsan's military ammunition gains attention due to war in Ukraine
SEOUL -- Poongsan Corp., a producer of fabricated non-ferrous metal products and military ammunition in South Korea, has been a hermitic company with little publicity. However, its defense business gained unexpected attention due to Russia's invasion of Ukraine. The company has produced almost all kinds of ammunition used in the military. Poongsan has secured its exclusive position in South Korea's military ammunition market since it jumped into the production of bullets
November 11, 2022 -
Norway signs option contract with Hanwha Aerospace to purchase four more K9 self-propelled howitzers
SEOUL -- Norway has signed an option contract with South Korea's Hanwha Aerospace to purchase four more K9 self-propelled howitzers and eight ammunition resupply vehicles for delivery over the next two years. As the northernmost NATO member in Europe, the Nordic country sharing a land border with Russia has increased its defense budget to compensate for the shipment of howitzers and other military equipment to Ukraine. Hanwha Aerospace said that the latest contract signed on N
November 8, 2022 -
Hanwha Systems clinches contract to provide thermal optic aiming devices for K15 light machine guns
SEOUL -- Hanwha Systems, a key defense contractor affiliated with South Korea's Hanwha Group, has clinched an arms contract worth about 160 billion won ($113 million) to provide thermal optic aiming devices for K15 light machine guns. It is equipped with telescope sight so that users can quickly aim and shoot day and night. Under a contract with the Defense Acquisition Program Administration (DAPA), a state arms procurement body controlled by the defense ministry, Hanwha Systems
November 2, 2022
-
Global tech firms to present smart manufacturing solutions at 'Smart Factory + Automation World' in Seoul
-
Occult thriller film 'Exhuma' attracts more than 10 mln moviegoers in 35 days of release
-
Education company Visang provides smart Korean language learning platform 'Klass' to Vietnamese universities
-
LS Cable embarks on construction of plant for new copper foil material
-
US political turmoil reflects our wider society – in 2024 and earlier elections
-
Avikus validates fuel-saving effect of self-sailing solution 'HiNAS Control'
-
Le Sserafim's "Easy" named on Billboard's top 200 popular albums chart for four consecutive weeks
-
Life expectancy in South Korea decreases for first time since 2000
-
Hanwha's cooperative robot wing showcases robot sommelier at 'Smart Factory + Automation World'
-
Seoul's bus labor union launches strike for first time in 12 years