In a landmark move for the security industry, Neubility, a trailblazer in autonomous mobility solutions, and the South Florida Security (SFS) Group, a premier provider of integrated security services, have announced a collaborative Proof of Concept (PoC) initiative. This pioneering project is set to
HD Hyundai will develop an unmanned surface vessel (USV) with Palantir Technologies, a U.S. artificial intelligence-based data analysis company.USVs are autonomous surface vessels not piloted by humans. They are being recognized as a game changer for future naval warfare. It replaces existing manned
Hanwha Aerospace and Hanwha Systems announced on Feb. 13 that they signed a trilateral memorandum of understanding (MOU) for cooperation in the defense industry with the Saudi Ministry of National Defense during the World Defense Show 2024, a comprehensive defense exhibition in the Middle East held
Domestic defense companies such as LIG Nex1, Hyundai Rotem, and Hanwha Aerospace are mobilizing to participate in the Saudi International Defense Exhibition held in Riyadh, the capital of Saudi Arabia, until Feb. 8, aiming to penetrate the Middle Eastern market.According to the defense industry on F
Hanwha Group is showcasing its cutting-edge aviation technology, including fighter jet engines, to countries in the Middle East, including Saudi Arabia.Hanwha Aerospace, Hanwha Systems, and Hanwha Ocean, the defense affiliates of Hanwha Group, announced their participation in the World Defence Show
LIG Nex1 is actively expanding its presence in the defense markets of Africa, Europe, and North America, following its success in the Middle East.According to defense industry sources on Dec. 13, LIG Nex1 made its inaugural participation at the “Egypt Defense Expo (EDEX) 2023,” the largest event of
Hyundai, Honda, Volkswagen and other foreign automakers in the United States have been accused of sabotaging the establishment of labor unions.Workers at Honda’s Indiana plant, Hyundai’s Alabama plant and Volkswagen’s Tennessee plant have filed complaints with the National Labor Relations Board (NLR
LIG Nex1 has initiated the pursuit of acquiring Ghost Robotics, a U.S.-based robotics company known for developing robotic dogs.The company announced in a regulatory filing on Dec. 8 that it will acquire a 60% stake in Ghost Robotics for 315 billion won (US$238.46 million).To facilitate the acquisit
Hanwha Systems has successfully launched South Korea’s first domestically designed and manufactured small Synthetic Aperture Radar (SAR) satellite, a low-orbit Earth observation satellite. This marks the first time a South Korean private company has independently developed, launched, and operated an
In anticipation of the scheduled launch of a bitcoin spot exchange-traded fund (ETF) early next year, institutional investors have been actively engaging in trading, according to recent analysis.Korbit Research Center under the domestic cryptocurrency exchange Korbit revealed this information throug
Voice of America (VOA) on Oct. 31 reported that another large ship has been spotted at the Najin Port of North Korea, which the United States had identified as a site for weapons trade between North Korea and Russia. VOA said, “Activities such as ship arrivals, departures, and container loading at t
Korean companies facing patent infringement issues with global IT giants will band together to fight back. Their idea is to raise money for legal fees through a securities token offering (STO) system and return it to STO investors if they win a patent infringement lawsuit and receive compensation.Ac
Financial authorities, including the Financial Services Commission (FSC) and the Financial Supervisory Service (FSS), have uncovered allegations of stock manipulation related to a Chinese company, hereinafter referred to as Company A, which is listed on the KOSDAQ in South Korea. These allegations s
The government has officially confirmed the decision to double penalties for stock price manipulation gains as fines starting from January next year. However, it has decided to exclude cases where the prosecution has raised investigation concerns. The Korea Exchange (KRX) has also decided to expand
Financial authorities have declared war on unfair trading forces, including stock manipulation. They will swiftly freeze accounts suspected of unfair trading, apply a zero-tolerance policy, and increase the reward for reporting to 3 billion won (US$2.24 million), up from 2 billion won (US$1.49 milli
In response to the United States’ semiconductor sanctions, China’s “Semiconductor Self-Reliance” strategy is gradually coming to the surface. Given the immediate challenge of countering U.S. sanctions, China is discreetly pouring substantial funds into attracting overseas semiconductor talent. Furth
According to a recent survey, South Korean companies, which have secured the top position in major industry products and service sectors worldwide, have now risen to the third spot along with Japanese companies in terms of global market share.In its 2022 self-conducted survey of market share in 63 m
SK bioscience, an innovative vaccine and biotech company committed to promoting human health from prevention to cure, announced that the company’s CEO, Jaeyong Ahn has virtually participated as a panelist in the academic workshop session of ‘Pandemic Product Research and Development: Insights from P
Following the outbreak of mad cow disease in the United States, Korean quarantine authorities have raised the level of their quarantine measures.The Korean Ministry of Agriculture, Food and Rural Affairs announced on May 21 that it confirmed the outbreak of atypical bovine spongiform encephalopathy
The Korea Fair Trade Commission (KFTC) will punish OCI Group for unfair internal trading. The OCI Group can face a fine of up to 28 billion won if the allegations are proven true at an upcoming plenary session.According to industry sources on May 3, the KFTC sent an investigation report to SGC Solut