Hanwha Group signed a memorandum of understanding (MoU) with Daewoo Shipbuilding & Maritime Engineering (DSME) on September 26, acquiring 49.3 percent of the South Korean Shipbuilder's shares.
Author Archives : Daehan Lee
23 Sep 2022
Korea Aerospace Industries (KAI) unveiled a scale model of the KF-21N carrier-borne fighter jet....
26 Aug 2022
South Korea's Defense Acquisition Program Administration (DAPA) developed a "high speed interceptor craft" (HSIC) dubbed "Phantom" capable of reaching a top speed of 60 knots.
23 Aug 2022
DSME is reportedly expected to face 90 billion KRW ($67 million USD) worth of financial loss...
15 Jul 2022
LIG Nex1 showcased the new Sea Sword-V Unmanned Surface Vehicle (USV) for the ROK Coast Guard during an event in June...
12 Jun 2022
The Republic of Korea (ROK) Navy announced it will christen the first ship in the new KDX III Batch II class of destroyers as "ROKS Jeongjo the Great".
17 May 2022
Facing these potential security threats that originate from their military rise, the Korean Ministry of ...