Defense Acquisititon Program Administration

South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...

Hanwha Aerospace Co., South Korea’s answer to Elon Musk’s SpaceX, is spinning off its non-core units to focus on defense and aerospace b...

LG Electronics Inc. said on Thursday it is spinning off five promising in-house venture firms as separate entities to strengthen South Korea’s...

South Korea seeking to join the global space power club is set to recruit about 120 local and foreign space experts for the country’s space ag...

Hyundai Motor Co., South Korea’s top automaker, said on Thursday it introduced a trade-in program in the country for electric vehicles to boos...

Palliser Capital, a London-based hedge fund, said on Sunday it will vote in favor of other activist shareholders’ proposals for Samsung C&...

Kakao Ventures Corp. has made an undisclosed amount of seed investment into Omelet, a South Korean early stage startup developing industrial operati...

Hanwha Aerospace Co., South Korea’s major aerospace and defense system developer, is set to sign a 1 trillion won ($751 million) contract to s...

South Korea's LG Innotek announced on Friday that it held the 2024 Win-win Growth Partnership Day on the previous day.LG Innotek signed the 2024 Fai...

The South Korean stock market has been on an upward swing in recent weeks, with many partly attributing it to President Yoon Suk Yeol’s pledge...

Hyundai Motor Co. announced on Thursday that it launched EVery Care, an integrated program that will take care of customers' electric vehicle (EV) l...

South Korea's HD Hyundai Heavy Industries Co. announced on Wednesday that it will collaborate with the UK-based renowned defense company Babcock Int...

South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, will create an 80 billion won ($60 mil...

Hanwha Aerospace Co. and Hanwha Systems Co. announced on Tuesday that they signed a three-party memorandum of understanding (MOU) for defense cooper...

South Korea's major defense system developer LIG Nex1 Co. has clinched a $3.2 billion deal to export its latest missile interceptor to Saudi Arabia,...

Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...

South Korea introduced plans for the development of next-generation self-propelled howitzers to its existing customers as the country aims to foster...

Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has launched a K-pop boy g...

South Korea’s LG Electronics Inc. has opened its first overseas EV charger factory in Fort Worth, Texas. The move comes as the global home app...

South Korea’s Hanwha Ocean Co., the world’s third-largest shipbuilder, announced on Wednesday that it has signed a technical agreement w...

South Korean bio-health company HK inno.N has been expanding its market by steadily announcing differentiated clinical results for its gastroesophag...

South Korea’s Naver Z Corp., the operator of virtual world platform Zepeto, said Monday it will join forces with the United Arab Emirates&rsqu...

South Korea's ISU Abxis Co. announced on Friday that its Alzheimer's treatment candidate ISU203 has received a substance patent registration decisio...

Hanwha Aerospace Co. has won a $2.4 billion armored vehicle supply deal to Australia, adding to expectations that the South Korean defense industry ...

Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...

The number of foreign visitors to South Korea spiked 158.3% to 1.23 million in October from the month previous, the Korea Tourism Organization said ...

South Korea’s defense sector is enjoying booming demand from countries across the world that are cutting their reliance on Russian weapons, of...

South Korea is set to increase its visa quota for non-professional foreign workers to a record high and expand the sectors in which they can work to...

Hyundai Motor Group announced on Tuesday it spun off three in-house startups Eficar, Hcharge Lab, and 3I Solution. Eficar provides a service th...

Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, will develop technology that will pave the way for the development of Korea-m...