Jin-Won Kim

1 week ago | kedglobal.com | Jin-Won Kim

Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany – a pivotal shift in its global strategy that will place the leading South Korean defense company in direct competition with leading European defense firms. The move comes as the defense affiliate of Korea’s chemicals-to-defense conglomerate Hanwha Group accelerates its push into Europe, capitalizing on the continent’s record defense spending and strategic shift toward domestically sourced armaments.

1 week ago | kedglobal.com | Jin-Won Kim

Hanwha Aerospace Co. plans to build a precision missile manufacturing plant in Germany – a pivotal shift in its global strategy that will place the leading South Korean defense company in direct competition with European defense champion Rheinmetall AG on its own turf.

3 weeks ago | kedglobal.com | Jin-Won Kim

GEOJE, South Korea – Under a slate-grey sky at the quiet port of Jangmok on South Korea’s southern coast, a sleek, 12-meter vessel slipped into the waters. To the untrained eye, it could have been mistaken for an ordinary fishing boat. But as it powered through the waves, the Hae-ryeong – or Sea Ghost – revealed its true nature.

3 weeks ago | kedglobal.com | Jin-Won Kim |Woo-Sub Kim

BUSAN – On a sunny May morning in Busan’s Yeongdo shipyard, the clang of steel and the rhythmic pounding of welders was telling a story of a shipyard once left adrift, now navigating calmer waters. Workers swarmed over the frames of seven specialty vessels: four air-cushion vehicles, two high-speed patrol boats and a fisheries guidance vessel. Next to them, a 9,000 TEU container ship, commissioned by shipping giant HMM Co., was undergoing final outfitting.

1 month ago | kedglobal.com | Sang-Hoon Sung |Woo-Sub Kim |Jin-Won Kim

LG Energy Solution Ltd. has secured a string of billion-dollar energy storage system (ESS) deals in Japan and Europe, outmaneuvering Chinese rivals in a rare breakthrough for a South Korean battery maker in traditionally China-dominated markets. LG Energy has signed a contract to supply more than 2 gigawatt-hours (GWh) of lithium iron phosphate (LFP) batteries to Japan’s Omron Corp. over five years, starting at the end of this year, people familiar with the matter said on Tuesday.