Korea Joongang Daily
Korea JoongAng Daily

MBK Partners' acquisition of Japanese manufacturer halted by Tokyo citing nat'l security risk

The Japanese government has slammed the brakes on Korean firm MBK Partners' acquisition of Japanese machine tool manufacturer Makino Milling Machine, citing "a risk to national security."

2026-04-23

Hanwha Aerospace pulls out of Poongsan ammunition acquisition bid

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.

2026-04-09

Switzerland's arms procurement chief meets with Korean counterparts in Seoul

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.

2026-02-06

NCsoft acquires Singapore mobile publisher Indygo Group to expand casual game biz

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.

2025-12-22

Korea to use Saemangeum wetland for testing antidrone equipment

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.

2025-12-17

Project launched to develop short-range air-to-air missiles for homegrown fighter jets

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.

2025-12-02

Seoul court nullifies approval of Eugene ENT's YTN acquisition

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.

2025-11-28

Mirae Asset threatens legal action unless Brookfield returns $140M over failed IFC deal

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.

2025-10-29

Sae-A acquires Swisstex factory, sales arm to bolster North American push

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.

2025-10-02

Korea conducts separation test for homegrown long-range air-to-surface guided missile

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.

2025-06-25