South Korea has contracted Hanwha Aerospace to mass produce a high-powered directed-energy weapon, which the country hopes to operationalize by year's end.
Nara Space Technology, a South Korean manufacturer of small satellites, announced on May 31 that it had raised $14.5 million in a Series B fundraising.
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.