South Korea’s Hanwha Group Officially Acquires DSME
Hanwha Group officially acquired Daewoo Shipbuilding & Marine Engineering (DSME) on December 16th in a deal worth 2 trillion Korean won (over $ 1.5 billion).
19 Dec 2022
Hanwha Group officially acquired Daewoo Shipbuilding & Marine Engineering (DSME) on December 16th in a deal worth 2 trillion Korean won (over $ 1.5 billion).
27 Sep 2022
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.
26 Sep 2022
LIG Nex1 showcased its concept design for the Republic of Korea Navy (ROKN)’s Naval Electronic Warfare-II program at DX Korea 2022...
15 Apr 2022
South Korea is on the verge of successful development of the AESA (Active Electronically Scanned Array) radar...
10 Mar 2022
Hanwha Systems has secured a contract to supply combat systems for the Philippine Navy's new 3,100-tonne corvette, which will be manufactured by HHI...
05 Mar 2022
In mid-February, South Korea's Hyundai Heavy Industries (HHI) signed an MOU with LIG Nex1 for R&D work of the light aircraft carrier project CVX.
17 Feb 2022
Israel Aerospace Industries (IAI) and South Korea's leading defense firm Hanwha Systems have joined forces to market combat suites for naval platforms to customers worldwide, particularly in Asia.
15 Jun 2021
At MADEX 2021, the naval defense show held last week in South Korea, Hanwha Systems unveiled its planned Integrated Combat System for the FFX Batch-III (also known as FFX III or Ulsan-class) frigates.
11 Jun 2021
Hanwha Systems unveiled its design for the Republic of Korea Navy (ROKN)’s new CWIS-II program at MADEX 2021. It claims that the new design will provide a marked improvement over past systems.
10 Jun 2021
Hanwha Defense is for the first time showing a new version of the Korean Vertical Launch System (KVLS) during MADEX 2021, being held from June 9 to 12 at BEXCO, Busan.