Defense Acquisition Program Administration

Hyundai Rotem Co., a South Korean defense company, is set to finalize a tank supply contract with Poland, with the deal's value nearly doubling to a...

South Korea’s financial markets showed strong gains on Thursday, with shares surging to an 11-month high and the won hitting a seven-month hig...

KT&G Corp. is in talks to acquire a leading nicotine pouch company in Northern Europe for about 300 billion won, or  $200 million, investme...

South Korea’s Hanjin Group and LS Group are tightening their alliance further against Hoban Group, which is raising its stake in Hanjin.Korean...

Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany as part of its global strategy to expand its presence across ...

South Korean retail giant Shinsegae Group is seeking to acquire local color cosmetics manufacturer C&C International Co. in partnership with pri...

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Lunit Inc., a South Korean AI-powered cancer diagnostics company, said on Monday that more than 200 healthcare institutions across the US have now a...

Hanwha Group will significantly increase production capacity at its US shipyard from 1.5 vessels to 10 per year as it aims to transform the facility...

South Korea’s Hanwha Group has completed the acquisition of the country’s No. 2 food service and catering company Ourhome Ltd. for 869.5...

South Korea’s Ministry of Science and ICT on Thursday announced that it has selected 10 startups founded by Koreans in a program to support th...

Samsung Electronics Co. on Wednesday announced the acquisition of FläktGroup, a German manufacturer of heating, ventilation and air conditionin...

South Korea has officially requested that the US take a distinct approach in its ongoing probe into foreign semiconductor technology and related dow...

Woori Financial Group Inc., South Korea’s fourth-largest financial services provider, has received conditional approval from the country&rsquo...

WASHINGTON, D.C. – South Korea and the US have agreed to work together to craft a comprehensive tariff-liberalization package by July 8, marki...

Krafton Inc., the publisher of global mega-hit “PlayerUnknown’s Battlegrounds” (PUBG), has selected six new Indian game studios to...

South Korea plans to issue up to $1.2 billion in foreign exchange stabilization bonds as early as June, in what would mark the new administration&rs...

The South Korean defense industry's current heyday is expected to continue for a while as global demand for Korean-made weapons and combat systems h...

South Korea’s National Pension Service, the country’s largest institutional investor, has come to the rescue of the domestic stock marke...

Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it has signed a 370 billion won ($254 million) deal to supply K9 self...

South Korea’s top automaker Hyundai Motor Co. has launched a global talent recruitment program, beginning April 1 via its official hiring webs...

Hanwha Aerospace Co., a leading South Korean defense company, said on Thursday it is raising 3.6 trillion won ($2.5 billion) in new capital through ...

South Korean chemicals-to-defense conglomerate Hanwha Group has taken a 9.9% stake in Austal Ltd., an Australian shipbuilder, for 183.3 million Aust...

Winia Co., a South Korean home appliance manufacturer under court-led restructuring, has terminated its conditional acquisition agreement with Seoul...

BNK Asset Management Co.'s bid to acquire the Hyundai Motor Securities building in central Seoul has hit a stumbling block as the main tenant, Hyund...

South Korea’s tech giant Naver Corp. is expected to soon announce a new chief financial officer as its current CFO Kim Nam-sun, credited for t...

Chung Kisun, executive vice chairman of the world’s largest shipbuilder HD Hyundai Co., has met with Alex Karp, CEO of Palantir Technologies I...

MBK Partners, facing increasing scrutiny over its highly leveraged acquisition of Homeplus Co., has pledged to go all-out to restore the struggling ...

Defense stocks in key Asian markets jumped on Tuesday, buoyed by expectations that European nations will boost security spending amid fears that the...

US Defense Secretary Pete Hegseth is arranging a visit to South Korea next month to inspect shipyards and discuss cooperation on naval vessel constr...