South Korean shipbuilder Hanwha Ocean formally pitched to Philippines' President Ferdinand Marcos Jr. its bid to build KSS-III PN submarines for the Philippine Navy.

Hanwha Group announced on the 3rd that Michael Coulter, CEO of Hanwha Aerospace, has been appointed as the new CEO of HDUSA, ...

Hanwha Aerospace, Korea’s leading defense company, reported a record third-quarter operating profit of 856.4 billion won ($600 million) on Monday, underscoring ...

South Korean shares traded sharply lower late Tuesday morning as investors sought to take profits after the stock market ...

SEOUL, Nov. 4 (Yonhap) -- President Lee Jae Myung said Tuesday that a tariff deal with the United States that was finalized ...

President Lee Jae Myung said Tuesday that South Korea will step up plans to build a self-reliant military by significantly ...

Chipmakers soar, defense stocks jump, and Seoul's AI ambitions go global as Wall Street turns bullish on Korea.

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Caterpillar has installed its new system on several container ships operated by Europe’s Rambow Shipping Company to improve bunker fuel efficiency and reduce emissions.

President Trump met with President Xi on the sidelines of the Asia-Pacific Economic Cooperation summit last week. APEC's host, South Korea, is carefully balancing its relations with the U.S. and China ...