South Korea's Defense Acquisition Program Administration (DAPA) has initiated a project to enhance the performance of its ...

LIG Nex1 has been selected as the prime contractor for the next-generation medium-range surface-to-air guided weapon 'Cheongung III (M-SAM Block-III)'. According to the defense industry on the 28th, ...

HD Hyundai Heavy Industries (HD HHI) has been selected as the preferred bidder for the KSS-II (Type 214) mid-life upgrade ...

As hostilities with Cambodia continue, photos show a RTAF F-16 carrying a Mk-82 bomb converted with the KGGB kit which Thailand acquired from South Korea ...

Korea Aerospace Industries has once again found at a crossroads as it awaits the new government’s likely appointment of the ...

Trump said on Tuesday that South Korea should be paying for its own military protection, suggesting the US ally needed to pay more for the US troop presence there, a day after the tariff announcement.

After a two-year process, the Romanian Ministry of Defense selected Rafael Advance Defense Systems' Spyder air defense system in a huge tender, worth €1.9 billion ($2.2 billion). When the signing of ...

Hanwha and LIG Nex1 are participating in this project, and in August, specific companies for items such as launchers and ECS will be determined.

LIG Nex1 CEO Shin Ick-hyun, second from left, poses with Korean War veteran Serge Archambeau, center, in France, Monday (local time), after presenting him with a plaque of appreciation and ...

Foreign inflows in May also point to shifting sectoral preferences. SK Hynix topped the list of net foreign purchases at 1.45 trillion won, followed by a slew of shipbuilding and defense names, ...

LIG Nex1, a major Korean defense and aerospace company, said Friday it has partnered with British defense giant Babcock Marine to cooperate in the naval maintenance, repair and overhaul (MRO ...

JPMorgan’s outlook suggests that while LIG Nex1 may face increased cost pressures due to development expenses and capital expenditures, the company’s domestic margin profile has strengthened compared ...