Hanwha Aerospace sets up Saudi unit in Middle East defense push

Hanwha Aerospace has established a wholly owned subsidiary in Saudi Arabia as the South Korean defense company steps up efforts to win weapons contracts across the Middle East. Industry sources said Wednesday that Hanhwa Defense Arabia was established in Riyadh in the first half of this year. The subsidiary is separate from Hanwha Aerospace's regional headquarters, which was set up in September 2025 to oversee existing operations and identify new business opportunities in the Middle East and Nor

2026-09-23 13:09:13:00

SK On signs W1.1tr LFP materials deal with Posco Future M

South Korean battery maker SK On is teaming up with Posco Future M to secure lithium iron phosphate cathode materials, as it builds a supply chain for the US energy storage system market that excludes China. Under the agreement signed Tuesday, Posco Future M will supply SK On with 1.1 trillion won ($815 million) worth of LFP cathode materials over three years from 2027 to 2029. SK On will use the materials to produce LFP batteries for ESS applications at its Georgia plant, the company said. The

2026-09-23 10:22:57:00

Hanwha Aerospace invests $2.2b in US ammunition hub

Hanwha Defense USA, the US subsidiary of Hanwha Aerospace, held an opening ceremony for its local office Tuesday at Pine Bluff Arsenal in Arkansas, marking the first step toward developing the ammunition production hub. The event was attended by Arkansas Gov. Sarah Huckabee Sanders, Jordan Gillis, assistant secretary of the US Army for installations, energy and environment, Arkansas Commerce Secretary Hugh McDonald, and other federal, state and local officials. Hanwha Defense USA was selected in

2026-09-22 13:05:31:00

HD Construction Equipment partners with Manitou on compact equipment

HD Construction Equipment and Manitou Group signed a mutual sales partnership agreement for compact construction equipment on Monday at Manitou Group’s headquarters in Ancenis, France. The partnership is expected to strengthen their presence in the global compact construction equipment market. The signing ceremony was attended by Moon Jae-young, president of HD Construction Equipment, Sylvain Blaise, president of Manitou Group, and other key officials from both companies. Manitou Group supplies

2026-09-22 13:05:12:00

APR obtains two international AI certifications

Korean beauty company APR said Tuesday it has obtained ISO/IEC 42001 certification for artificial intelligence management systems and the AI Trust Mark from Norwegian certification body Nemko. APR said it is the first beauty company globally to obtain both certifications. For ISO/IEC 42001 certification, APR established 46 AI management documents across seven layers covering its AI-based personalized care services. Individual departments are responsible for AI-related risks, while management ove

2026-09-22 11:45:07:00

Welcron launches defense website to expand overseas business

Welcron, the parent company of Welcron Group, has launched an official website for its defense division to showcase its products and technologies and strengthen overseas marketing. The site catalogs defense products based on Welcron’s composite materials technology, covering personal protection as well as systems for vehicles and vessels. Personal protection offerings include a lightweight ballistic plate that passed the Ministry of National Defense’s evaluation for outstanding commercial produc

2026-09-21 13:33:47:00

Beyond Seoul, local districts tap K-culture to attract tourists

Commercial districts across South Korea are being developed into tourism destinations that combine regional culture, local businesses and K-culture, as the government seeks to draw international visitors beyond Seoul and revitalize local economies. The two-year initiative, led by the Small Enterprise and Market Service, will support about six commercial districts outside the capital. Each selected area will be eligible to receive up to 5 billion won ($3.6 million) through the end of 2027. The pr

2026-09-18 16:44:14:00

[Graphic News] Aichi-Nagoya Asian Games to raise curtain Friday

Aichi-Nagoya Asian Games to raise curtain Friday 아이치·나고야 아시안게임, 금요일 개막 The 2026 Aichi-Nagoya Asian Games will open Friday in Nagoya, Aichi Prefecture, Japan, and run through Oct. 4. 2026 아이치·나고야 아시안게임이 금요일 일본 아이치현 나고야에서 개막해 10월 4일까지 열린다. Athletes will compete for 469 gold medals across 43 sports and 71 disciplines, including new additions such as virtual taekwondo, padel and teqball. 선수들은 가상 태권도, 파델, 테크볼 등 새로운 종목을 포함해 43개 종목, 71개 세부 종목에서 총 469개의 금메달을 놓고 경쟁한다. About 15,000 athletes and officials

2026-09-18 10:00:00:00

Alteogen seeks patent for long-acting obesity drug platform

Alteogen, a Korean biotech company specializing in drug-delivery platform technologies, said Thursday it has filed an international patent application for a technology designed to prolong drug effects by combining multiple active molecules into a single conjugate. The technology, called long-acting conjugate, builds on Alteogen’s existing platform for attaching drugs to designated sites on antibodies. By linking multiple active molecules in one structure, the company aims to extend a drug’s half

2026-09-17 18:38:18:00

Foreign shoppers power Musinsa Beauty’s strong Hongdae debut

Musinsa Beauty’s first stand-alone store generated more than 250 million won ($183,000) in sales during its first three days, the fashion platform operator said. Musinsa Beauty Hongdae, which opened Friday in Seoul, spans 1,322 square meters across three levels. Its two above-ground floors carry makeup, fragrances, skincare, hair and body products, and men’s grooming items. The basement houses Beauty Onnuri Pharmacy, which offers pharmacist consultations alongside high-performance beauty product

2026-09-16 14:27:55:00