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The Fair Trade Commission (FTC) granted only conditional approval on Thursday for Hanwha Group's acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), accepting the demands from the shipbuilder's rivals to ban the conglomerate from unfairly excluding other companies from the local warship market.
Korea's antitrust regulator said Thursday it has decided to give the nod to Hanwha Group's plan to acquire Daewoo Shipbuilding Marine Engineering (DSME) under the condition the conglomerate does not discriminate against other rivals in the market.
Seoul, Mar 4 (EFE).- The South Korean KF-21 Boramae fighter has successfully carried out a test flight with an active electronically scanned radar (AESA) equipped, a new advance in the development project of South Korean aircraft manufacturing. The third prototype of the aircraft took off at 10:00 local time on Saturday (01:00 GMT) from the …
The South Korean Defense Acquisition Program Administration (DAPA) has announced the successful completion of maiden flight test of the KF-21 Boramae fighter aircraft’s fourth prototype.
South Korea plans to conduct a test of its homegrown KF-21 fighter to achieve supersonic speeds this month should the weather permit, multiple sources said Thursday, in what would be a key milestone in the high-profile warplane development project.