
South Korea’s Hanwha Group Acquires DSME
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.

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.

SonarTech and Thales have signed a Memorandum of Understanding (MoU) for joint in-depth research and development in mine warfare sonar systems at DX Korea 2022 exhibition.
Poongsan showcased the 127 mm Glided Guided Naval Munition (GGNM)-5 at DX Korea 2022 exhibition, currently being held in Seoul, South Korea.
The Republic of Korea Chairman of the Joint Chiefs of Staff said that the military will consider acquiring an aircraft carrier that is larger than the current CVX design…

The Korean naval shipbuilding industry is facing a drastic change in its environment…
Dong-A Ilbo, a major South Korean newspaper, reported on August 26th that funding for CVX, the country’s aircraft carrier program, has been axed in the 2023 national defense budget.
Japan has invited South Korea to its 2022 fleet review which marks the 70th anniversary of the founding of the Japanese Maritime Self-defense Force (JMSDF)…
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.
South Korea’s ADD announced on June 30th that it successfully conducted an “operational demonstration” of the ASWUUV off the coast of Tongyeong, South Korea.
The Republic of Korea (ROK) Navy has decided internally to allow female sailors aboard its KSS III submarines.