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Real estate S.Korean military fund to make $73 mn commitment to real estate funds

The Military Mutual Aid Association (MMAA), a South Korean retirement fund, is stepping up efforts to diversify its investment portfolio with a 100 ...

Aerospace & Defense Doosan Enerbility, KAI to cooperate on aero engine localization

South Korea's Doosan Enerbility Co. and Korea Aerospace Industries Ltd. (KAI) said on Tuesday that the two companies signed a memorandum of understa...

Aerospace & Defense Hanwha Ocean, Babcock to team up for submarine exports

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

Aerospace & Defense Alux's export contracts with US, Japan top $5 million

South Korean drone maker Alux Co. said on Monday its cumulative export contracts with the US and Japan have surpassed 7 billion won ($5 million). Th...

North Korea Why North Korean soldiers are prepared to die in Russia

SEOUL—Ryu Seong-hyeon doesn’t need to imagine what the thousands of North Korean soldiers deployed to the Russian front line...

Earnings HYBE Q3 profit down; foresees better 2025 after BTS’ military discharges

HYBE Co., the K-pop behemoth behind BTS, suffered a double-digit profit fall in the third quarter amid an ongoing feud with Min Hee-jin, the creativ...

Aerospace & Defense Perigee, Quantum Aero to cooperate on military UAV

South Korea's small space launch vehicle startup Perigee Aerospace Inc. said on Friday it signed a memorandum of understanding (MOU) with Quantum Ae...

Logistics Samsung SDS, Korea Air Force to cooperate on military logistics

South Korea's Samsung SDS Co. said on Tuesday it signed an agreement with the Korea Air Force Headquarters to cooperate on the digital transformatio...

Aerospace & Defense S.Korea’s KF-21, Lockheed's F-16 shortlisted for Philippine fighter jet deal

South Korea’s homegrown fighter jet KF-21 is competing against US defense firm Lockheed Martin Corp.’s F-16 for the Philippine governmen...

K-pop BTS Jin reveals track list of 6 songs for solo album 'Happy'

The title track of the first solo album to be released by BTS member Jin is “Running Wild,” his agency Big Hit Music announced on Thursd...

Logistics CJ Logistics transports KAI’s T-50TH to Thailand

South Korea's CJ Logistics transported two T-50TH fighter jets, manufactured by Korea Aerospace Industries Ltd. (KAI), to Thailand, the company sa...

Business & Politics S.Korea signs MOU on Philippine nuclear safety checks, eyes plant deals

MANILA – South Korea on Monday signed an initial agreement with the Philippines to conduct a safety check on a nuclear power plant before a re...

Aerospace & Defense KAI, Hanwha Systems to collaborate on special operations helicopter

Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Thursday it signed an exclusive memorandum o...

Aerospace & Defense KAI selected as PBL provider for Philippine FA-50

Korea Aerospace Industries Ltd. (KAI), the country's sole military aircraft manufacturer, said on Friday that it was selected as the performance-bas...

Aerospace & Defense KAI, TAI ink deal to boost T-50TH support

Korea Aerospace Industries Ltd. (KAI) signed a memorandum of understanding (MOU) with Thai Aviation Industries (TAI), Thailand's state-owned aircraf...

Aerospace & Defense KAI to supply firefighting helicopter to Gangwon Province

Korea Aerospace Industries Ltd. (KAI) announced on Friday that it signed a 33 billion won ($24 million) contract with Gangwon Special Self-Governing...

Korean chipmakers Samsung releases 1-terabyte microSD cards for mobile devices

Samsung Electronics Co. on Thursday released higher-capacity memory cards for portable devices that can store up to 1 terabyte (TB) of data, almost ...

Tech, Media & Telecom SK Telecom identifies illegal drones using AI

South Korea's SK Telecom Co. announced on Thursday that it developed a communication and AI-integrated module to catch illegal drones using artifici...

Pension funds Korea’s military fund taps ex-president of Woori Financial as CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.5 billion) in assets as of the end of 2023, has tapp...

Aerospace & Defense KAI inks $1.4 bn supersonic fighter jet mass production deal

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said on Tuesday it signed a 2 trillion won ($1.4 bil...

Aerospace & Defense Hyundai Rotem unveils 4th-gen unmanned military vehicle, HR-Sherpa

South Korea's Hyundai Rotem Co. unveiled the 4th generation HR-Sherpa, a multipurpose unmanned vehicle designed for military operations.The latest H...

North Korea North Korea Sent Excrement Balloons. South Korea’s Response: Blasting BTS Hits.

SEOUL—After enduring days of balloon bombardment from the Kim Jong Un regime, South Korea countered with an airwaves assault of it...

ESG Hyundai Motor to restore forest ecosystem

Hyundai Motor Co. announced on Monday that it signed a memorandum of understanding (MOU) for a Sustainable Forest Ecosystem Restoration Project with...

Aerospace & Defense Korea to offer $5 bn insurance for defense exports

South Korea will provide more than 7 trillion won ($5 billion) in insurance this year for domestic defense companies' exports as the country aims to...

Aerospace & Defense KAI inks $723 mn eVTOL aircraft parts deal with Brazil’s Eve

Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said it signed a 1 trillion won ($723 million) deal ...

Korean startups South Korean drone startups rush to join military drone race

South Korean drone-developing startups are rushing to join the race to develop military drones to meet growing demand for drones fit for combat oper...

Pension funds Korea's Military Mutual Aid Association starts search for new CIO

South Korea’s Military Mutual Aid Association (MMAA), which managed 10.4 trillion won ($7.7 billion) in assets as of the end of 2023, said on ...

Aerospace & Defense KOTRA holds drone roadshow in Kazakhstan

Korea Trade-Investment Promotion Agency (KOTRA) announced on Tuesday that the Korea-Kazakhstan Drone Roadshow opened in Astana, the capital of Kazak...

Batteries SM Bexel to localize military drone battery packs

SM Bexel Co., the battery manufacturing affiliate of South Korea's SM Group, announced on Tuesday that it signed a memorandum of understanding (MOU)...

Korean startups S.Korea's drone market set for takeoff, led by startups   

Starting in May, drones, not boats, will deliver parcels and even fried chicken to residents living on some of South Korea's remote islands unreacha...