Korea Joongang Daily
Korea JoongAng Daily

Military to deploy homegrown infrared smoke canisters next year: DAPA

The military will deploy homegrown infrared smoke screen canisters in full scale next year, the state arms procurement agency said Monday, amid efforts to introduce improved equipment to protect troops.

2024-10-14

Woori to acquire Tongyang, ABL Life for $1.16 billion

Woori Financial Group will acquire controlling stakes in Tongyang Life Insurance and ABL Life Insurance for a total of 1.549 trillion won ($1.16 billion), the financial firm said Wednesday.

2024-08-28

Seoul may accept Jakarta's reduced contribution to fighter jet project

Korea's state arms procurement agency signaled on Wednesday that it might accept Indonesia's request to cut its pledged contribution to the KF-21 fighter jet project in return for fewer technology transfers.

2024-05-08

MBK Partners acquires pharma giant Geo-Young in $1.4B deal

Private Equity firm MBK Partners has struck a deal to acquire a majority stake in Korean pharmaceutical wholesaler Geo-Young to bolster its health care portfolio.

2024-04-24

Korea to build F-35 fighter jet maintenance facility at Cheongju air base

South Korea will build its own maintenance facility for its F-35A stealth jets by 2027, a move that would enhance operational efficiency and reduce costs, the state arms procurement agency said Thursday.

2024-04-18

AI startup Lunit wins approval to take over New Zealand's Volpara Health

At a general shareholders’ meeting Friday, 96.92 percent of Volpara Health’s stockholders approved Lunit’s plan to take over the company, according to the Korean startup.

2024-04-15

South Korean military to deploy bunker-buster missiles this year

The South Korean military will deploy domestically developed bunker-buster missiles capable of striking subterranean enemy targets this year, the Defense Ministry said Tuesday.

2024-03-19

HD Hyundai remains eligible for gov't contracts despite controversy

HD Hyundai Heavy Industries remains eligible to bid on government contracts despite its employees' leakage of military secrets.

2024-02-28

Police to investigate Indonesian engineer for suspected jetfighter tech theft

An Indonesian engineer suspected of attempting to steal technologies related to the domestically developed KF-21 fighter jet has been referred to police by the state arms procurement agency for investigation, defense officials said Thursday.

2024-02-22

Korean Air inches closer to acquisition of Asiana with EU approval

The agreement to give up four redundant routes leaves only U.S. approval of the long-awaited merger.

2024-02-14