News

S.Korean Navy Receives Third Jang Bogo-III Batch-I Submarine

April 4, 2024 @ 11:33 AM

The Defense Acquisition Program Administration (DAPA) held a delivery and handover ceremony for the Shin Chae-ho, the third 3,000-ton submarine independently designed and built using Korean technology. The event took place at the HD Hyundai Heavy Industries Ulsan Shipyard on Thursday, April 4
Hyundai Heavy Bags 4 Warship Order from Peru

April 1, 2024 @ 08:43 AM

South Korean shipbuilder, HD Hyundai Heavy Industries, has announced securing a contract worth $463 million in collaboration with a local shipyard in Peru to construct four warships by 2029. In a
Five South Korean Banks Considering $22B Loan to Finance Arms Sales to...

November 4, 2023 @ 05:20 AM

Five South Korean banks have come to the aid of Poland in their quest to acquire $22 billion worth of weapons, marking Seoul's most extensive arms deal, covering the procurement of rocket artillery systems and fighter jets. In a bid to facilitate this significant arms transaction, South Korea is harnessing the support of local banks, as the statutory limits on import-export lending have been reached
Hyundai Rotem Presents Next-Generation Tank Concept

June 19, 2023 @ 05:43 AM

South Koreas Hyundai Rotem has presented an updated concept of a next-generation battle tank, called K3. This was reported by
S.Korea Launches Navy’s First Chungnam-Class 3600-ton Frigate

April 11, 2023 @ 03:55 AM

The first of six 3600-ton frigates, the Chungnam (FFG-828), built for the Republic of Korea (ROK) Navy, was
Malaysia to Discuss Littoral Mission Ship Batch 2 Procurement with Turkey Soon

March 14, 2023 @ 10:05 AM

Malaysian defense minister Dato' Seri Utama Haji Mohamad bin Hasan will be heading to Turkey to negotiate the procurement of the Littoral Mission Ship (LMS) Batch 2. Turkish media reported that Hasan could likely pick Turkeys Ada-class corvette
U.A.E. Considering S.Korean Black Panther Tank with Israeli Armor

March 8, 2023 @ 06:14 AM

South Korea is reportedly inches away from clinching a contract for K2 Black Panther tanks from the United Arab Emirates. This information was reported by
S.Korea Exported $13B worth of Weapons in 2022

October 27, 2022 @ 11:35 AM

Polands multi-billion dollar contracts for South Korean tanks and aircraft pushed Seouls exports to $13 billion in the first nine months of this year. In his report to President Yoon Suk-yeol on Thursday, Defense Minister Lee Jong-sup said defense exports so far this year have created an overall economic effect worth 38 trillion won ($26 billion)
Norway’s Nammo to Create New 120mm Ammo for S.Korea's K2 Tank...

October 6, 2022 @ 01:32 PM

Nammo has agreed to develop new and modern 120mm ammunition for K2 main battle tank produced by South Koreas Hyundai Rotem. The first test shots have already been fired, the company has announced
S.Korean Hanwha Group Set to Acquire Daewoo Shipbuilding in a $1.39 Billion...

September 26, 2022 @ 12:32 PM

South Korea's Hanwha Group signed a conditional memorandum of understanding (MoU) with Daewoo Shipbuilding & Marine Engineering (DSME) to acquire a controlling stake of 49.3% and managerial control of the shipbuilder

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