Korea Joongang Daily
Korea JoongAng Daily

Defense industry eyes Ahn’s stance as Korea’s $6B warship program hangs in the balance

With Rep. Ahn Gyu-back of the Democratic Party named as President Lee Jae Myung’s first defense minister nominee, Korea’s defense industry is watching closely for clues on the future of a major next-generation warship program.

2025-07-01

HD Hyundai remains eligible for gov't contracts despite controversy

HD Hyundai Heavy Industries remains eligible to bid on government contracts despite its employees' leakage of military secrets.

2024-02-28

Korea's major shipbuilders vying for $5.8 billion defense deal

The order for new stealth guided-missile destroyers may be inacessible to HD Hyundai Heavy Industries, which may be banned from bidding over a past intelligence leak.

2024-02-27

Police raid DAPA over alleged corruption in KDDX bidding

Police raided the arms procurement agency over allegations that it manipulated conditions to select HD Hyundai Heavy Industries (HD HHI) as the preferred bidder for the basic design of the 7.8 trillion won ($5.82 billion) KDDX project.

2023-08-17