Business is war.
Hanwha Systems and Diehl Defence agreed on Tuesday to combine Korean radar technology with German missile defense hardware. The South Korean firm will supply its multi-function radar for integration with the IRIS-T SLM air defense platform, which has intercepted nearly all Russian airborne targets in Ukraine since late 2022. The surface-to-air missile system protects against…
Hanwha QCells will showcase artificial intelligence software for data center power management at the APEC CEO Summit next week. Park Young-choon from the solar company’s Grid & Energy Services unit teams with Microsoft Vice President Uli Homann for a presentation on autonomous energy optimization systems. Park joined QCells in 2023 after holding positions at AWS…
Georgia Governor Brian Kemp visited Seoul this week to meet Hyundai Motor Group and LG Energy Solution executives following a September immigration raid that disrupted construction at their joint battery plant. Federal agents detained more than 300 Korean workers at the Ellabell facility, delaying completion by two to three months from its 2024 target date….
The Business of Fashion recognized Musinsa’s chief executive, Cho Man-ho, on its 2025 list of 500 most influential fashion industry leaders. He was the sole fashion platform executive selected apart from Korean pop music performers. BoF credited Cho with advancing Korean fashion globally through technology and community engagement. Musinsa began as a sneaker forum in…
Korean Air finalized its purchase of an 11.02 percent share in WestJet’s parent companies for $217 million on Thursday. The South Korean carrier signed the agreement in May and now holds a 10 percent stake in Canada’s second-largest airline. Delta Air Lines and Air France-KLM joined the transaction as fellow members of the SkyTeam alliance….
South Korea and the United States are racing to finalize a $350 billion investment agreement before next week’s APEC summit, with President Lee Jae Myung expressing confidence that both nations will reach a rational solution. Korean officials met with US Commerce Secretary Howard Lutnick on Wednesday for their second round of talks in less than…
Tennessee Governor Bill Lee met with Korean business leaders on Thursday to strengthen economic ties between the state and South Korean manufacturers. The Korea International Trade Association organized the session as 24 Korean enterprises have committed $6 billion to Tennessee operations, generating more than 4,500 positions in sectors spanning batteries to automotive components. KITA Chair…
LG Uplus reported a potential server compromise to the Korea Internet and Security Agency, marking the third major telecommunications provider in South Korea to face network intrusion this year. The company acted three months after KISA forwarded intelligence from an ethical hacker who identified vulnerabilities in account management systems. Attackers reportedly accessed LG Uplus infrastructure…
Samsung Electronics released its Galaxy XR headset on Wednesday, marking the company’s entry into extended reality technology powered by artificial intelligence. The device weighs 545 grams and features hand gesture controls that track all 10 fingers without external hardware. The headset displays 3,552 by 3,840 pixels per eye through OLED screens, exceeding Apple Vision Pro…
Business and diplomatic leaders convened in Seoul on Wednesday at the Global Biz Forum to examine economic fragmentation and international partnerships. Georgian Ambassador Tarash Papaskua and Hanyang University professor Kim Gwang-seok addressed how countries must adapt to shifting geopolitical realities. Georgia recorded 9.4 percent economic expansion in 2024 and projects 7 percent growth for 2025,…
