Hyundai Rotem Co., a South Korean defense solutions company, has been working on developing the world’s first hydrogen fuel-based tank for the military, industry sources said Wednesday.
In collaboration with the Agency for Defense Development and oth…
JB Financial Group Co. on Wednesday reported its third-quarter net profit of 197.5 billion won (US$143.1 million), up 14.2 percent from a year earlier.
Operating income for the July-September period was 261 billion won, up 13.2 percent from a year ag…
The Kia Tigers beat the Samsung Lions 8-3 to take a commanding 2-0 lead in the Korean Series on Wednesday, moving a step closer to their first South Korean baseball title in seven years.
The Tigers ambushed Lions starter Hwang Dong-jae for five runs …
Lee Sang-deuk, an elder brother of former President Lee Myung-bak and a former National Assembly vice speaker, died Wednesday after a battle with a chronic illness, his acquaintances said. He was 89 years old.
Lee had been suffering from a chronic di…
The top security officials of South Korea and Poland on Wednesday expressed concerns over growing military ties between North Korea and Russia and agreed to expand their nations’ security and defense industry cooperation in response, the presidential …
LG Display Co. on Wednesday reported its third-quarter net loss of 338.1 billion won (US$244.8 million), remaining in the red compared with a year ago.
The company said in a regulatory filing that it continued to post an operating loss of 80.6 billio…
A senior U.S. administration official confirmed Wednesday that thousands of North Korean troops are in Russia “to be trained,” while Washington does not know for what mission they were sent there.
The official made the comment in response to a questi…
Little has come out of the tete-a-tete between President Yoon Suk Yeol and ruling People Power Party (PPP) head Han Dong-hoon. The two came away only to reaffirm their differences in dealing with the issues related to first lady Kim Keon Hee as the pr…
The number of reports of sexual misconduct against female service members has surged in recent years, increasing by more than sixfold from 2020 to 2023, a lawmaker said Wednesday, citing data from the defense ministry.
The number of such reports stoo…
South Korea plans to launch its third military reconnaissance satellite in December, the state arms procurement agency said Wednesday, as part of efforts to bolster its surveillance capabilities on North Korea.
A SpaceX rocket carrying the satellite …