Hanwha Systems initiated its operations in 1978 with the production of night vision goggles, one of its electronic optical products. Today, the company stands as a radar sensor and communication specialist, leading the forefront in the advanced defense electronics industry. Hanwha Systems offers ind
HD Korea Shipbuilding & Offshore Engineering (KSOE) said that it is considering securing overseas shipyards to reduce costs and procure abundant human resources.“We need to think about how to maintain our market share and run our business in the long term,” Park Seung-yong, chief operating officer (
Hanwha Ocean unveiled its latest combat vessel, a domestically produced medium-sized 3,000-ton submarine, and a future unmanned command and control ship at Seoul International Aerospace & Defense Exhibition (ADEX) 2023, which runs until Oct. 20, as announced on Oct. 19.The showcased KSS-III Batch-II
The Korean defense industry is accelerating its penetration of the global defense market with powerful weapon systems and differentiated technological competitiveness. For example, major Korean defense companies posted record exports of US$17.3 billion in 2022 and are on track to reach US$20 billion
It has been revealed that the amounts of fines and penalties imposed on domestic commercial banks in foreign countries have increased by 180 times in just three years.Based on the data obtained by Kim Jong-min, a member of the opposing Democratic Party, from the Financial Supervisory Service, fines
The author is an analyst for NH Investment & Securities. He can be reached at jooyh@nhqv.com --- Ed.Considering both the incorporation of its Philippines business as a consolidated subsidiary and product price hikes at rivals, Lotte Chilsung’s share price momentum is primed to strengthen towards end
In 2022, the Polish government signed framework agreements to buy a total of US$12.4 billion worth of arms from major Korean defense companies. The weapons included 48 FA-50 light attack aircraft, 1,000 K2 tanks, 648 K9 self-propelled howitzers and 288 Cheonmoo self-propelled multiple launch rocket
Expectations are rising that South Korean electric mobility companies might counteract the rapid market penetration of cheaper Chinese alternatives by next year. Particularly, South Korean SMEs, medium-sized businesses, and startups are strategizing to differentiate themselves from Chinese products
On Sept. 25, Daewon Pharmaceutical announced that its 12th domestic new drug, a non-steroidal anti-inflammatory drug (NSAID) named Pelubi CR Tablet, will enter the Indonesian market.Daewon Pharmaceutical has signed an exclusive export supply contract for the finished product of Pelubi CR Tablet with
Despite the escalating power struggle between the United States and China leading to increased calls for decoupling from China, an analysis suggests that it may not be easy for many countries, including South Korea, among the participants in the Indo-Pacific Economic Framework for Prosperity (IPEF),
The Chinese steel industry is ramping up its exports of steel products to international markets as it strives to overcome domestic market challenges, including a slowdown in the real estate sector.According to the Korea Iron & Steel Association on Sept. 12, China’s steel product exports for the firs
Hanwha Ocean will build global production centers for submarines in North America (Canada) and Europe (Poland). The company has recently reorganized its submarine-related specialty ship organization to focus on domestic and international submarine orders worth a total of 80 trillion won.On Aug. 30,
Daewoong Pharmaceutical announced on Aug. 20 that due to the global expansion of its self-developed botulinum toxin treatment “Nabota” and newly developed drugs such as Fexuclue and Envlo, its overseas exports have grown by more than 200% in the past two years.Exports, which stood at 448 billion won
The overseas performances of major commercial banks have improved in the first half of this year. The improvement in performance in China and Southeast Asian subsidiaries has supported this trend.In the first half of this year, the four major commercial banks collectively recorded a net profit of 60
The food and beverage industry in South Korea is witnessing the tremendous influence of K-pop girl groups, gaining immense popularity globally.According to industry sources on July 24, the girl group NewJeans holds a truly exceptional impact among various distinguished girl groups in the country. Se
HK inno.N Corp. announced on July 24 that its new drug for gastroesophageal reflux disease, K-CAB (active ingredient: Tegoprazan), has been granted product approval by Peru's National Medicines Authority (DIGEMID) on July 21.In 2018, the company inked a contract with “Laboratorios Carnot,” a lea
Korea Aerospace Industries (KAI) announced on July 19 that it has held an opening ceremony for its base office at the Minsk Air Force Base in Poland. This is the sixth overseas base office opened by KAI, following those in Turkey, the Philippines, Indonesia, Peru, and Thailand.The Poland base office
Vietnamese authorities have initiated an investigation into the concert organizers of the girl group Blackpink’s world tour, which is set to stop by Hanoi on July 29. The investigation was prompted by suspicions raised over a map posted on the organizer’s website that showed a line similar to the “N
Ottogi has been sustaining sales with overseas revenues exceeding 270 billion won in 2021.Ottogi is expanding its global operations and developing products suitable for different countries’ characteristics. In particular, Ottogi’s Soft Cheese Ramen is being exported to over 60 countries and is widel
HK inno.N announced on July 10 that it has formally launched K-CAB (Tegoprazan), a new drug for gastroesophageal reflux disease, in Indonesia.The Indonesian product name is TEZA, and Kalbe, a large pharmaceutical company in Southeast Asia, is responsible for local marketing and distribution.Kalbe ac