national defense budget

Despite a global economic slowdown, South Korea's overseas exports of boilers and water heaters increased 4.9% year over year by $478.3 million in 2...

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 will nurture the small modular reactor (SMR) foundry business to revive the country’s nuclear power industry by rolling back the p...

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...

South Korean companies paid more corporate taxes than their rivals in developed countries in 2022, losing competitiveness, with the nation’s c...

South Korea’s Celltrion Inc. announced on Thursday that it will supply three treatments, including its blood cancer drug Truxima (rituximab) t...

South Korea has established diplomatic relations with Cuba, a close ally of North Korea, Seoul said on Wednesday. Cuba had long been the only count...

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...

South Korea’s confectionery and snack maker Orion Corp. announced on Friday that it signed a strategic partnership agreement with the Institut...

South Korea'st budget carrier Jeju Air Co. announced on Monday that its most popular in-flight meals and cabin cafe items in 2023 were bulgogi deopb...

South Korea’s top automaker Hyundai Motor Group has agreed to secure lithium hydroxide, a key raw material for electric vehicle batteries, fro...

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

SEOUL—Dog meat will no longer be allowed in South Korea, capping a decadeslong campaign against a controversial practice that many locals have...

Samsung Electronics Co. announced on Thursday that it will launch the Galaxy A25 5G, a new budget phone in the South Korean market on Jan.5.It featu...

Hyundai Motor Co.'s electric sport utility vehicle (SUV) IONIQ 5 has been selected as the Car of the Year 2023 in Singapore by the nation’s la...

The South Korean government said on Friday that it would grant the hiring of foreign workers in hotels and resorts from next year.The hotel and reso...

South Korea has struck a free trade agreement with the Gulf Cooperation Council (GCC), a group of six Arab nations, paving the way for Seoul to stre...

On Nov. 20, HMM Co., South Korea’s No. 1 ocean carrier, issued new 200 million shares after its two largest shareholders -- Korea Development ...

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

SEOUL—Kim Jong Un has a new mission for North Korean women: Have more babies.Kim acknowledged the impoverished nation’s plunging bi...

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

Air Premia Inc., a South Korean budget carrier, on Thursday reported its first-ever quarterly profit in the third quarter of this year, fueled by a ...

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’s health ministry will allocate 261.6 billion won ($200.2 million) for two funds over the next four years to boost private sector ...

Saudi Aramco’s $7 billion petrochemical project in South Korea, in what would be its largest-ever investment in the country, has hit a stumbli...

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...