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South Korea’s DSME Officially Rebranded ‘Hanwha OCEAN’
The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.
26 April 2023
The acquisition of DSME by Hanwha Group has been formally approved. The newly created company will be known as Hanwha OCEAN.
Hanwha Group officially acquired Daewoo Shipbuilding & Marine Engineering (DSME) on December 16th in a deal worth 2 trillion Korean won (over $ 1.5 billion).
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.
LIG Nex1 showcased its concept design for the Republic of Korea Navy (ROKN)’s Naval Electronic Warfare-II program at DX Korea 2022…
South Korea is on the verge of successful development of the AESA (Active Electronically Scanned Array) radar…
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…
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.
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.
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.
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.
