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Hanwha Aerospace lands W3.2tr tank supply deal with Australia

Hanwha Aerospace said Friday it has clinched a deal with the Australian government to supply 3.2 trillion won ($2.4 billion) worth of armored tanks. Hanwha Defense Australia, the company’s subsidiary in Australia, is poised to deliver 129 units of Hanwha’s Redback infantry fighting vehicles by 2028. The tanks will be manufactured in a new plant in Australia set to complete construction next year. Hanwha s. ....

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Yoon visits Busan after failed World Expo bid

President Yoon Suk Yeol on Wednesday reiterated his push for Busan s infrastructure development in his visit to South Korea s second-most-populous city, in an apparent attempt to appease Busan residents sentiment after the port city s failed bid to host the 2030 World Expo. Yoon told some 100 Busan residents that he would work to open a new international airport on the small islet of Gadeok-do near Busan s ports, re. ....

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Yoon pledges to drive three state agendas in Busan

President Yoon Suk Yeol pledged, Wednesday, to ensure the smooth progress of three core state agendas in the southern port city of Busan, in a display of consolation to residents there disappointed by the failed bid to host the World Expo 2030. ....

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Will Hanwha Q Cells desert Korean market?

Hanwha Solutions Q Cells Division has decided to close one of its two solar module plants in Korea by Dec. 17, following its first-ever voluntary redundancy program to reduce manufacturing jobs here, the company said Thursday. ....

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Saudi Expo win puts Korean firms in line for contracts

Busan’s devastating defeat in its bid to host the World Expo 2030 is feared to draw political backlash against President Yoon Suk Yeol and the ruling party, with a blame game set t. ....

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