South Korea is set to increase defense spending on AI-related capabilities by 55.5% in fiscal 2027 to a record 73.3 trillion South Korean won ($54.3 billion).
South Korea’s effort to complete development of the K-LUCAS loitering munition by September has encountered a setback after two systems crashed seconds after launch during naval testing from the helicopter assault ship ROKS Marado.
The world is currently in the midst of its biggest defense boom in decades as nations respond to a deteriorating security environment and rising levels of strategic instability.
South Korea's Hyundai Rotem and Korea Aerospace Industries have announced a partnership to jointly develop and integrate long-range air-to-air missiles for the KF-21 fighter.
Hanwha Group increased its stake in Korea Aerospace Industries (KAI) to 15.89%, triggering a merger review filing with the Korea Fair Trade Commission (KFTC).
South Korea's president raised the possibility of a joint airliner development program involving Embraer and the Brazilian government on his state visit to the country.
South Korea’s plans to upgrade its Boeing F-15Es with the BAE Systems ALQ-250 Eagle Passive Active Warning Survivability System (EPAWSS) are advancing under a contract for delivery of the system.
Hanwha Aerospace and South Korea's Agency for Defense Development have unveiled prototypes of two domestically developed uncrewed aircraft system engines.
South Korea's leading industrial groups have committed a combined $204 billion to develop advanced manufacturing and technology infrastructure in the country's southern region.