Seoul's investment in domestically developed systems and technologies is set to expand South Korea’s rapidly growing footprint in global defense export markets.
A USAF F-16C crashed shortly after takeoff in South Korea in 2023 after power outages caused a series of failures to instruments in the aircraft’s cockpit.
Hyundai Elevator is to lead a Seoul-funded project to develop a vertiport as part of the Korean Urban Air Mobility (K-UAM) core technology development program.
Hanwha Systems has broken ground on its new Jeju Hanwha Space Center, a purpose-built South Korea facility for the manufacturing and testing of satellites.
The Incheon metropolitan government has released an advanced air mobility concept of operations for the port city, South Korea’s third largest metropolis.
Seoul has extended a contract with Pratt that will see the company provide performance-based logistics for F-15K and K/F-16 F100 engines until end-2027.
Korean Air has agreed to sell off Asiana Airlines' cargo business and support T'Way's European expansion to secure approval from Brussels for the takeover.
Saudi Arabia will acquire 10 batteries of the KM-SAM Block II medium-range air defense system in a deal worth $3.2 billion, the South Korean Defense Ministry told media.