Defense Industry News - Latest Updates & Headlines
Kia begins mass production of next-gen military medium tactical vehicle
Seoul, June 10: Automaker Kia on Tuesday held a roll-out ceremony for its next-generation military medium tactical vehicle, marking the official start of mass production of the company's upgraded military transport vehicle.
US Navy secretary visits HD Hyundai Heavy, Hanwha Ocean to explore shipbuilding
Seoul, April 30: US Secretary of the Navy, John Phelan, visited South Korea's leading shipbuilders, HD Hyundai Heavy Industries and Hanwha Ocean on Wednesday, as Washington seeks to strengthen bilateral cooperation in the sector under President Donald Trump.
Watchdog requests revision of Hanwha Aerospace's $2.5 bn stock sale plan
Seoul, March 27: South Korea's financial regulator on Thursday asked Hanwha Aerospace to submit a revised filing over its plan to raise 3.6 trillion won (US$2.5 billion) in capital through a stock sale, citing insufficient information for investors.