Hanwha Aerospace has decided not to proceed with its bid to acquire the ammunition production division of defense manufacturer Poongsan, a regulatory filing Thursday showed.
Switzerland's arms procurement chief visited Seoul this week on his first official trip, during which he held talks with Korean government officials and defense industry representatives aimed at strengthening bilateral cooperation.
NCsoft, a major Korean game maker, said Monday it has acquired Singapore-based mobile game publisher Indygo Group as part of its broader strategy to focus on the mobile casual game business as a new growth driver.
Korea plans to test antidrone equipment at the Saemangeum wetland in the country's southwestern region, officials said Wednesday, as the country seeks to sharpen response capabilities against rising drone threats.
The state arms procurement agency on Tuesday launched a 435.9 billion won project ($296 million) to develop short-range air-to-air guided missiles to be equipped on Korea's homegrown KF-21 fighter jets.
A Seoul court on Friday nullified a decision made by the now-defunct Korea Communications Commission (KCC) to approve Eugene ENT’s acquisition of local news broadcaster YTN, ruling that the approval was procedurally unlawful.
Mirae Asset Global Investments said it will take legal measures against Canada’s Brookfield Asset Management unless it returns the 200 billion won ($139 million) down payment to Mirae, which had attempted to acquire the International Finance Center.
Sae-A Trading, a global apparel manufacturer and exporter, acquired Swisstex’s factory in El Salvador and its U.S. sales arm Swisstex Direct as part of a push to expand in North America.
The state arms procurement agency has successfully conducted a safe separation test for a homegrown long-range air-to-surface guided missile under development, officials said Wednesday.
Tencent Holdings, China’s tech giant, is reportedly reviewing a $15 billion acquisition of Korean game developer Nexon, according to a Bloomberg report published Thursday.
Korea JoongAng Daily Sitemap
