Hyun-il Lee

3 weeks ago | kedglobal.com | Jongwoo Cheon |Hyung-kyu Kim |Hyun-il Lee |Dae-hun Kim

South Korea’s liberal politician Lee Jae-myung was ahead in a snap presidential election on Tuesday, an exit poll showed, as Asia’s fourth-largest economy is sharply slowing down on unpredictable protectionist moves by the US and a deepening political divide caused by a shock martial law imposed by ousted former leader Yoon Suk Yeol.

Feb 25, 2025 | kedglobal.com | Hyung-kyu Kim |Hyun-il Lee

South Korea’s two warship builders – HD Hyundai Heavy Industries Co. and Hanwha Ocean Co. – have agreed to join forces to pursue a series of high-stakes international warship construction deals, beginning with a 70 trillion won ($49 billion) Canadian submarine project. On Tuesday, the two companies signed a memorandum of understanding on setting up one team to jointly seek lucrative overseas defense contracts.