Defense Acquisition Program Administration

Hanwha Group’s Vice Chairman and heir apparent Kim Dong-kwan is on the front line to export South Korea's latest homegrown air defense system ...

South Korea’s semiconductor industry is closely watching developments in talks between TSMC and Intel Corp. over the world’s largest con...

South Korea’s seven major defense companies saw their combined order backlog reach a record 105.6 trillion won ($73.1 billion) at the end of 2...

South Korea’s Hanwha Group, which is seeking to re-enter the catering market five years after leaving the sector, has agreed to buy a nearly 6...

Hanwha Systems Co., a leading South Korean defense company, reported its best-ever earnings last year thanks to brisk sales of its defense systems i...

Samsung Life Insurance Co., South Korea’s largest life insurer, is considering bringing Samsung Fire & Marine Insurance Co., the country&r...

Hanwha Ocean Co., a South Korean warship builder, said on Friday it swung to profit in 2024 for the first time in four years, driven by increased sa...

CVC Capital Partners is in the final stage of talks to acquire OLENS, South Korea’s largest contact lens brand, for about 500 billion won ($34...

South Korea's HD Hyundai Heavy Industries Co. officially launched the Peruvian navy's four warship project on January 10. The Peru Warship Pr...

India will acquire 100 units of the K9 self-propelled howitzers developed by South Korea’s Hanwha Aerospace Co. from Larsen & Toubro (L&am...

South Korea's HD Hyundai Infracore Co. said on Monday it signed a memorandum of understanding (MOU) with North Jeolla Special Self-Governing Provinc...

South Korea's SK Nexilis Co., the world’s largest copper foil maker, said on Monday it received a $133 million subsidy from the Polish gover...

South Korea’s Hanwha Group is seeking to acquire local catering service provider Ourhome, embroiled in the owner family's sibling disputes, fo...

South Korean chemicals-to-defense conglomerate Hanwha Group completed the acquisition of Philly Shipyard on Friday.The size of the deal was $100 mil...

Hanwha Aerospace Co., a leading South Korean defense company, said on Monday it has hired Michael Coulter, a former senior executive at US-based Ita...

South Korea’s GC Biopharma Corp. said on Thursday it acquired the US-based medical-grade source blood plasma company ABO Holding Inc. The...

South Korea's LIG Nex1 Co. said Tuesday it signed a memorandum of understanding (MOU) with the US-based Electroninks Inc. to research and develop ne...

Latvian President Edgars Rinkēvičs, who is on a four-day working trip to South Korea, said on Friday he hopes for deeper cooperation between the two...

South Korea's Hanwha Ocean Co. said on Friday it signed a strategic partnership with the UK-based global defense industry giant Babcock Internationa...

La Defense Partners is expected to exercise a casting vote over the ongoing management dispute at Hanmi Science Co. after the Seoul-based private eq...

SK Group, South Korea’s second-largest conglomerate, said on Monday it plans to nurture 10,000 artificial intelligence professionals over the ...

LIG Nex1 Co., a leading defense systems developer in South Korea, announced on Wednesday that it had signed a comprehensive memorandum of understand...

Lunit, a South Korean cancer diagnostics AI company, said on Monday its US subsidiary Volpara Health secured a 10 billion won ($7.5 million) contr...

South Korea will deploy a new air defense system, similar to Israel’s Iron Dome, against North Korean artillery attacks earlier than previousl...

Hanwha Asset Management Co., a financial service sibling of South Korea’s major defense and aerospace developer Hanwha Aerospace Co., is seeki...

South Korea’s Hyundai Motor Co. and Japan’s Toyota Motor Corp., the world’s No. 3 and No. 1 automakers, respectively, are teaming ...

South Korea's Hanwha Investment & Securities said on Thursday that it completed the acquisition of Indonesia's Ciptadana Sekuritas.Ciptadana Sek...

Mirae Asset Securities Co. said on Thursday that the number of retail client accounts in its India operations has crossed the 2 million mark.This ma...

Defense companies will stand to gain the most among South Korean companies if US Vice President Kamala Harris wins the US presidential election next...

Hanwha Investment & Securities said on Monday that it acquired a stake in Edinburgh Airport in Scotland.Edinburgh Airport is jointly owned by Gl...