HD HHI held a ceremony in honor of the start of the construction of a next-generation Aegis Destroyer 2 at its specialty yard in Ulsan, Korea, on March 12.At the ceremony, participants wished for the successful construction of the ship by placing the first block on the dock. The ceremony indicates t
According to industry sources on Jan. 1, Hanwha Ocean is set to make a pioneering move by installing lithium-ion batteries in a 3,000-ton class submarine (KSS-III Batch-II), a first in South Korea's submarine history. Traditionally, submarines operate by using diesel engines to charge batteries, whi
When estimating quarterly earnings, it is difficult to predict one-off reversals, but provisions for losses related to the winning of development projects are predictable. LIG Nex1 has secured no notable system development projects in 3Q23, while it won the Lightweight Torpedo-II development project
The Defense Agency for Technology and Quality announced on May 17 that its next-generation heavyweight submarine torpedo, Beomsangeo, passed an underwater firing test on May 9.The test was for quality certification as the last step before mass production and actual deployment. The torpedo has a diam
The author is an analyst of NH Investment & Securities. He can be reached at jinmyung.choi@nhqv.com. -- Ed. A more favorable-than-expected order environment has been created for LIG Nex1. Korea is reportedly in the process of developing new weapons systems and upgrading existing missiles/torpedoes.
Hyundai Heavy Industries has launched the Korean Navy's third 3,000-ton submarine that is capable of launching ballistic missiles.The shipbuilder announced on Sept. 28 that it held a launching ceremony for the submarine, which is the third and final one in the Jangbogo-III (Batch-I) vessel class
Hyundai Heavy Industries held a ceremony to initiate construction of a next-generation Aegis destroyer at its headquarters in Ulsan on Feb. 16 with the attendance of officials from the Defense Acquisition Program Administration and the Defense Agency for Technology and Quality.The ship is the first
The Korean government has recently made efforts to establish global standards for energy storage systems (ESS) and in-vehicle displays based on domestic technologies, but these efforts bore no fruit in the face of resistance from Japan.The Korean Agency for Technology and Standards (KATS) intended t
The United States openly sent a warning after South Korea’s Foreign Minister Kang Kyung-wha said that the Seoul government was reviewing the possibility to lift the sanctions imposed against Pyongyang following its torpedo attack on a South Korean corvette that killed 46 sailors on board in 2010.In
Hyundai Heavy Industries (HHI) has started to build a 2,600-ton frigate for the Philippine Navy.The company held a ceremony on May 1 to celebrate the start of construction at its headquarters in Ulsan with the participation of HHI president Kang Hwan-koo; Delfin Lorenzana, secretary of the Departmen
Daewoo Shipbuilding & Marine Engineering (DSME) exported submarines for the first time in Korea. In 1988, this rare feat was accomplished in 30 years since Korea has made a lot of efforts to develop its own submarine after receiving technology from Germany.On July 2, Daewoo Shipbuilding & Marine Eng
Amidst the worst business crisis, the top management of Hyundai Heavy Industries said that they will secure competitiveness of individual businesses and dramatically improve its governance structure through split-ups. But the radical leadership of the Hyundai Heavy Industries Labor Union answered to
Hyundai Heavy Industries Co. (HHI), the world’s largest shipbuilder, has won a 370 billion won (US$326.57 million) deal to build two frigates in the Republic of the Philippines.The company signed a contract to build two 2,600-ton frigates with the Department of National Defense of the Philippines in
North Korea has succeeded in launching a ballistic missile from a submarine. Under the circumstances, much attention is being paid to the submarines owned by the countries surrounding the Korean Peninsula.At present, the North is running about 70 submarines and submersibles, including 1,800-ton ones
“We need to try harder to address the separated families issue and be willing to give North Korea what it wants if necessary to that end,” a high-ranking official in the South Korean government said on Dec. 5, adding, “Once an inter-Korean meeting takes place, agenda items of both Koreas should be
A special train carrying North Korean leader Kim Jong-il arrived in China via Tumen, a northeastern Chinese border city, at 6:20 am. on May 20 (local time). The visit came unexpectedly in nine months after Kim’s last trip there. Initially, his son and heir-apparent Kim Jong-un had been thought to be
On May 20, it was announced by the South Korean Ministry of Defense that a North Korean torpedo was responsible for sinking the ROKS Cheonan, a corvette warship, in the Yellow Sea near the northern limit line - the contentious maritime border between North and South - on March 26. North Korea immedi