South Korea’s shipbuilding giants and policy lenders join forces for $150 billion U.S. investment push
The initiative follows South Korea’s pledge to invest $150 billion in the U.S. shipbuilding sector as part of a broader $350 billion U.S. investment commitment, with an annual cap of $20 billion.
Hanwha Aerospace receives first S&P Global ‘A-’ credit rating as exports and record order backlog support outlook
Hanwha Aerospace has received a long-term issuer credit rating of “A-” with a stable outlook from S&P Global Ratings.
EU and Republic of Korea agree to expand security and defence partnership amid shared European and Indo-Pacific threats
The European Union and the Republic of Korea agreed to expand security and defence cooperation during their 11th Summit in Brussels.
U.S. Department of State approves possible $292 million South Korean purchase of AIM-120C8 AMRAAM missiles
The U.S. State Department has approved South Korea’s request concerning the possible purchase of another batch of RTX AIM-120C AMRAAM air-to-air missiles.
Hanwha Ocean links Canadian submarine proposal to wider South Korea-Canada cooperation in energy and industry
The Republic of Korea and Canada are deepening cooperation in energy resources, critical minerals, supply chain resilience and strategic industrial development.
South Korea sets out Jang Bogo N nuclear-powered submarine programme with domestic construction plan
South Korea’s Ministry of National Defense has announced the “Basic Plan for the Development of Nuclear-Powered Submarines in the Republic of Korea.”
South Korea begins formal process to acquire nuclear-powered submarines
South Korea’s military has begun the formal process to acquire nuclear-powered submarines, according to a Navy document cited by The Korea Times.
Lloyd’s Register grants first export submarine design approval to Hanwha Ocean’s 2,000-tonne platform
Lloyd’s Register has awarded its first Approval in Principle (AiP) for an export submarine design to Hanwha Ocean, marking a milestone in the development of the South Korean company’s independently designed 2,000-tonne submarine platform.
Hanwha highlights unmanned systems and AI defence technologies at BSDA 2026 amid European expansion
Hanwha Aerospace and Hanwha Systems will present next-generation unmanned and artificial intelligence-enabled defence technologies at the Black Sea Defense & Aerospace 2026 in Bucharest.
Hanwha Aerospace expands Norwegian industrial cooperation through second industry day in Oslo
Hanwha Aerospace hosted its second Hanwha Industry Day in Oslo on May 11 as part of efforts to strengthen cooperation with Norway’s defence industrial sector.
Hanwha Aerospace to deliver additional Chunmoo rocket launchers to Estonia under new defence agreement
Hanwha Aerospace will supply three additional K239 Chunmoo multiple rocket launcher systems to the Estonian Defence Forces under a new government-to-government agreement signed on May 11.
Hanwha offers Canada full military vehicle production and twelve submarines by 2043 if KSS-III submarine is selected
The new entity would feature Canadian majority ownership and board membership, with a Canadian chief executive, and would produce vehicles […]