SEOUL, May 21 (Korea Bizwire) — Hanwha Group Chairman Kim Seung-youn has called for turning the conglomerate’s defense affiliates into a global export powerhouse, as it seeks growth by selling beyond its main export destinations in Europe. Kim made the remarks as he visited a plant of the group’s key defense unit, Hanwha Aerospace Co., [...]
SEOUL, May 13 (Korea Bizwire) — The chief of the state arms procurement agency has held talks with Malaysia’s defense minister on ways to expand arms industry cooperation, his office said Monday, amid Seoul’s drive to clinch more defense deals with Southeast Asian countries. Seok Jong-gun, minister of the Defense Acquisition Program Administration (DAPA), met [...]
SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]
SEOUL, Apr. 1 (Korea Bizwire) – The defense ministry on Monday established a research center aimed at overseeing artificial intelligence (AI) development in the defense sector as part of efforts to introduce advanced technologies to the military. A founding ceremony for the Defense AI Center took place at the state-run Agency for Defense Development in [...]
SEOUL, Mar. 13 (Korea Bizwire) – In an effort to boost national defense capabilities against the escalating threat of drone-related incidents, South Korea’s Ministry of Science and ICT; the Ministry of Land, Infrastructure, and Transport; and the National Intelligence Service have come together to establish dedicated anti-drone training facilities. This initiative was formalized through a Memorandum [...]
SEOUL, Oct. 23 (Korea Bizwire) — South Korean and foreign defense companies signed business contracts worth more than US$6 billion during the latest biennial arms exhibition held south of Seoul, its organizers said Monday. A total of $6.05 billion worth of deals were signed during the Seoul International Aerospace & Defense Exhibition (ADEX), sharply up [...]
SEOUL, Oct. 17 (Korea Bizwire) — President Yoon Suk Yeol pledged on Tuesday to enhance the competitiveness of the country’s defense industry, saying that it is writing new history in a rags-to-riches narrative. Yoon made the remarks during the opening ceremony of the Seoul International Aerospace & Defense Exhibition (ADEX) 2023 at Seoul Air Base [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea’s defense ministry will open an annual international defense forum in Seoul on Tuesday for talks on promoting peace and cooperation against regional and global security challenges. The Seoul Defense Dialogue will bring together some 800 high-level security officials and civil experts from 56 countries, the North Atlantic [...]
SEOUL, Oct. 17 (Korea Bizwire) — South Korea is set to open its largest-ever defense exhibition Tuesday to boost exports of its latest weapons and technologies, with aerial displays of the homegrown KF-21 fighter jet and U.S. strategic bomber B-52. The Seoul International Aerospace & Defense Exhibition (ADEX) 2023 takes place at Seoul Air Base [...]
SEOUL, Oct. 16 (Korea Bizwire) — South Korea and the United States are expected to sign an arrangement aimed at bolstering bilateral security supply chains this month, Seoul’s arms procurement agency said Monday, amid the allies’ efforts to step up security cooperation. In a policy report for a parliamentary hearing, the Defense Acquisition Program Administration [...]