Hanwha Ocean, which recently rebranded from DSME, announced that it will be participating in the 13th MADEX in Busan, South Korea

The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.

South Korea's DSME delivered ROKS Pohang (FFG-825), the sixth Daegu-class FFX Batch II frigate, to the Republic of Korea Navy (ROK Navy).

President of Daewoo Shipbuilding & Marine Engineering (DSME) Park Doo-seon revealed new details about the delayed submarine contract between the company and Indonesia during the Jakarta International Expo held last week.

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.

The Korean naval shipbuilding industry is facing a drastic change in its environment...

DSME is reportedly expected to face 90 billion KRW ($67 million USD) worth of financial loss...

Daewoo Shipbuilding & Marine Engineering (DSME) announced March 15 that it has signed a memorandum of understanding (MOU) with Babcock International for "technology development for naval vessels."

South Korean Defense Minister met with the Thai Prime Minister and Minister of Defence in December. Discussions included current security issues and procurement of an additional frigate.

Daewoo Shipbuilding & Marine Engineering (DSME) announced today that it has successfully delivered a 'methanol steam reforming plant for submarine fuel cells' at the Siheung R&D campus.