South Korea s Navy is set Thursday to receive a new 3,000-ton submarine with reinforced capabilities to conduct covert underwater missions and precision strikes, the state arms procurement agency said.
Hanwha Group has received approval from the European Union for its plan to acquire Daewoo Shipbuilding Marine Engineering (DSME), company officials said Monday.
Hanwha Group will sign a main contract to acquire Daewoo Shipbuilding & Marine Engineering (DSME) this week, according to industry officials, Sunday. If the acquisition process is completed in the first half of next year as scheduled, the reorganization of Hanwha Group s business structure centering on the two pillars of defense and eco-friendly energy is expected to be completed.