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Korea poised to sign major arms deals with Saudi Arabia

Korea and Saudi Arabia are in the final stage of talks for sizeable defense deals, Seoul’s presidential office said Monday, dropping hints at long-term and systematic defense industry cooperation between the two countries. ....

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Prime minister, Navy clash over submarine name

Prime Minister Han Duck-soo, the defense ministry and the military are clashing over the name of a 1,800-ton Navy submarine which was named after an independence fighter. The prime minister seeks to rename the ROKS Hong Beom-do citing the freedom fighter s involvement with the Soviet Communist Party. ....

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Korea Aerospace Industries Q2 net profit down over 80% due to investment in new businesses

Korea Aerospace Industries (KAI), Korea s sole aircraft manufacturer, on Monday reported its second-quarter net profit plunged 80.3 percent from a year earlier mainly due to investment in new businesses. ....

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KF-21 achieves 'tentative' combat sustainability

Korea s homegrown KF-21 Boramae fighter jet has achieved “tentative” combat sustainability, laying the groundwork for mass production of the combat aircraft from next year, according to the Defense Acquisition Program Administration (DAPA), Tuesday. ....

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KF-21 two-seat version succeeds in test flight

A two-seat version of Korea s domestically developed KF-21 fighter completed its first test flight successfully, the state arms procurement agency said, Monday. The success came seven months after the first prototype of the single-seat 4.5-generation fighter jet had a successful test flight. ....

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