SEOUL, Oct. 7 (Korea Bizwire) — South Korean defense firm Microinfinity has signed a memorandum of understanding (MOU) to export US$3.7 million worth of receiver parts to the British arm of European missile manufacturer MBDA, the South’s state arms procurement agency said Monday. Under the MOU signed with MBDA UK as part of an offset [...]
SEOUL, Sept. 20 (Korea Bizwire) — The state arms procurement agency on Friday launched a unit dedicated to developing, managing and certifying semiconductors used in defense systems to meet growing demand for such chips amid evolving warfare and artificial intelligence technology. A ceremony marking its opening took place at the Daejeon office of the Defense [...]
SEOUL, Sept. 19 (Korea Bizwire) – In a significant shift that could reshape geopolitical dynamics in Southeast Asia, South Korea is on the brink of its first-ever arms sale to a communist nation. Industry insiders and government sources revealed on September 18 that negotiations to export the K9 self-propelled howitzer to Vietnam are progressing positively. While [...]
SEOUL, Sept. 18 (Korea Bizwire) – With the South Korean government pushing to strengthen its defense industry competitiveness and become one of the world’s top four arms exporters, the country’s flagship weapons systems are undergoing significant upgrades to expand their presence in the global market. At the International Defense Industry Exhibition (MSPO) held in Poland earlier [...]
SEOUL, Jul. 12 (Korea Bizwire) – The era of laser weapons has dawned in South Korea, as the country’s Defense Acquisition Program Administration (DAPA) announced on July 11 the commencement of mass production for its Laser Air Defense Weapon Block-I. This groundbreaking weapon system uses fiber-optic generated lasers to neutralize targets, specifically designed to precisely strike [...]
SEOUL, Jul. 4 (Korea Bizwire) – The South Korean Ministry of National Defense announced on July 3 the launch of a specialized generative artificial intelligence (AI) service for defense operations, accessible through its internal network. Similar to ChatGPT, the popular AI service developed by OpenAI, this new platform allows users to engage in chat-based interactions to [...]
SEOUL, May 21 (Korea Bizwire) — Hanwha Group Chairman Kim Seung-youn has called for turning the conglomerate’s defense affiliates into a global export powerhouse, as it seeks growth by selling beyond its main export destinations in Europe. Kim made the remarks as he visited a plant of the group’s key defense unit, Hanwha Aerospace Co., [...]
SEOUL, May 13 (Korea Bizwire) — The chief of the state arms procurement agency has held talks with Malaysia’s defense minister on ways to expand arms industry cooperation, his office said Monday, amid Seoul’s drive to clinch more defense deals with Southeast Asian countries. Seok Jong-gun, minister of the Defense Acquisition Program Administration (DAPA), met [...]
SEOUL, Apr. 5 (Korea Bizwire) — Hanwha Aerospace Co., a South Korean defense company, said Friday it will focus on the defense and aviation business after spinning off two affiliates by September. Hanwha Aerospace will spin off its two wholly owned units — artificial intelligence solutions firm Hanwha Vision and semiconductors equipment maker Hanwha Precision [...]
SEOUL, Apr. 1 (Korea Bizwire) – The defense ministry on Monday established a research center aimed at overseeing artificial intelligence (AI) development in the defense sector as part of efforts to introduce advanced technologies to the military. A founding ceremony for the Defense AI Center took place at the state-run Agency for Defense Development in [...]