KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...

S.Korea defense firms poised to ink $7.7 bn in deals with Poland

South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...

LIG Nex1 showcases guided rocket at top navy exercise

South Korea’s defense exporter LIG Nex1 Co. showcased its guided rocket at the world’s largest international maritime warfare exercise l...

Poland closer to deal to buy South Korean fighter jets, tanks, howitzers

Poland is moving closer to clinching a megadeal to buy South Korean weapons such as fighter jets, tanks and artillery amid the ongoing Russian war o...

Hanwha to boost defense, aerospace biz with $2.1 bn spending

Hanwha Group, South Korea’s chemical-to-financial conglomerate, is set to invest 37.6 trillion won ($29.8 billion) in future growth sectors su...

Hanwha Systems joins hands with Italy's Leonardo for radar exports

South Korea’s Hanwha Systems Co. joined forces with Italy’s major defense maker Leonardo SpA on exports of advanced aircraft radars to i...

Korea contractor for TSMC, Airbus aims to top anodizing sector

South Korea’s YKMC Inc., an integrated contract manufacturer for global companies such as Taiwan Semiconductor Manufacturing Co. (TSMC) and Ai...

Hanwha breaks ground on howitzer plant in Australia

South Korea’s Hanwha Defense Co., the world’s top self-propelled howitzer producer, has kicked off the construction of its first oversea...

Instant noodle stocks boosted by largest exports in March

South Korea’s instant noodle stocks, such as Ottogi Co., Nongshim Co. and Samyang Foods Co. are rebounding amid expectations of performance im...

Philippines LCS Group buys Korea’s special purpose vessel maker

The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...

LIG Nex1, Eugene plan $80.5 mn fund for Korea defense startups

LIG Nex1 Co., South Korea’s major defense exporter, plans to set up a $80.5 million venture investment fund with Eugene Investment & Secur...

Hanwha, Poongsan, LIG Nex1 clinch $989 mn Saudi defense deals

South Korea’s three defense-related companies have signed a combined 3.71 billion Saudi riyal ($989 million) contract to supply ammunition and...

Korea defense firms in spotlight amid Russia-Ukraine war

South Korea’s defense makers are in the spotlight as nations are expected to boost their military power amid the Russia-Ukraine war. Industry ...

Hanwha Defense secures land for K9 howitzer production in Australia

Hanwha Defense Co. announced Wednesday it has secured a large property in Australia for building a production facility for the K9 Thunder self-prope...

Defense giants eager to bolster satellite business

In the era of space privatization, satellites are the driving forces.South Korea’s main defense systems makers are turning away from arms expo...

Hanwha inks $1.7 bn K9 howitzer deal to Egypt

Hanwha Defense Co. signed a contract to sell K9 self-propelled howitzers to Egypt on Tuesday in a deal worth over 2 trillion won ($1.7 billion.)Of t...

S.Korea’s defense exports to top $10 billion

South Korea’s defense exports hit a record last year as key local makers such as LIG Nex1 Co., Hanwha and Korea Aerospace Industries Ltd. (KAI...

Korea’s defense companies emerge as coveted growth stocks

South Korea’s defense companies have been regarded as typical domestic stocks with their share performances broadly linked to the size of the ...

Hanwha Defense to supply howitzers to Australia in $788 mn deal

South Korea’s Hanwha Defense Co. inked a $788 million deal to supply K9 self-propelled howitzers to Australia, marking its first sale of the s...

Hanwha Defense chosen as contender for design of US Army war vehicle

Hanwha Defense Co. has been named a contender for the design of a US Army war vehicle that will replace around 3,500 M2 Bradley vehicles that have b...

Defense stocks rally in response to China Xi's speech

South Korean manufacturers of jet fighters, aircraft engines and weapon systems saw their share prices soaring in heavy trade on Monday, powered by ...

Hanwha Defense readies full-scale USV development

Hanwha Defense Co., a wholly owned defense solutions subsidiary of Hanwha Aerospace Co., got the go-ahead from South Korea’s defense procureme...

[ASK2020] Private Debt: Playing Offense or Defense?

StepStone is a leading private markets firm that oversees over US$296 billion of private capital allocations, including approximately US$67 bill...

[ASK2020] Playing Defense OR Offense?

StepStone is a leading private markets firm that oversees over US$296 billion of private capital allocations, including approximately US$67 bill...

Hanwha Solutions, affiliates’ shares soar on Green New Deal, defense

Share prices of Hanwha Solutions Corp. and other Hanwha Group units are being re-rated as the companies shift their business focus to the green energy...

Hanwha Defense named preferred supplier of howitzers to Australia

Hanwha Defense Co. has been named the preferred supplier of howitzers and associated support equipment to Australia, signaling the superiority of Sout...

Howard Marks says time to relax defensive stance

The global economy is bracing for unprecedented negative impacts of the coronavirus pandemic in the short term, but now is the time to hunt for ba...