LS Electric secures $138.7 mil. transformer deal in US

Melbourne Lord Mayor Nick Reece speaks with former New York City Mayor Bill De Blasio about the future of Australia's fastest growing city.

Sometimes, last-minute in-store shopping might be your best option.

The competition watchdog has alleged Australia’s largest egg supplier of engaging in cartel conduct with a raft of other producers.

The U.S. Army has received its first South Korean-made mobile howitzer system as part of efforts to replace its aging artillery systems, a U.S. defense news outlet reported Monday. The Mobile Tactical Cannon (MTC), manufactured by Hanwha Defense USA, a U.S. subsidiary of South Korea's Hanwha Aerospace Co., was displayed at a U.S. Army event held in Washington earlier this month, Defense News reported, citing U.S. Army officials. "We're excited to have that and get ready to test it," Brig. Gen. Robert Mikesh Jr., the Army's portfolio management executive for offensive fires, was quoted as saying. "And get that soldier feedback, that we think is so important." In August, Hanwha Defense USA was selected to provide prototypes based on a wheeled variant of the bestselling K9 Thunder self-propelled artillery for the MTC program, which aims to develop a highly mobile 155 mm artillery system to replace the Army's aging M777 towed howitzers. The contract calls for the delivery of six MTC prototypes, with an option for an additional 12 systems, and has a cumulative value of up to $262.9 million, a

This year, the combined operating profits of Korea’s semiconductor companies are expected to soar well beyond 500 trillion won ($373 billion), reaching unprecedented levels. Some have likened this extraordinary performance to winning a lottery. But I see it differently. What we are witnessing today, I believe, is not a stroke of good fortune. Rather, it is the culmination of decades of perseverance, sacrifice and dedication. As Koreans know well, countless companies, engineers and technicians have worked since the 1970s to build the foundations of the nation’s semiconductor industry. After nearly half a century of accumulated effort, the seeds they planted are finally coming to fruition. A similar story of long-term commitment can be found in the rapid growth of international students choosing to study in Korea. In 2023, the Ministry of Education launched the Study Korea 300K Project, setting a goal of attracting 300,000 international students by 2027. That target has already been achieved ahead of schedule, with the number of international students in Korea surpassing 300,000 this

Pending bills at the National Assembly proposing a cap on delivery platform fees charged to food businesses to reduce their financial burdens, particularly small businesses with limited customer bases, are raising questions about the effectiveness of the proposed changes. Industry experts have examined the current ecosystem, which consists of food-ordering platforms, participating businesses, customers who place orders and riders who deliver them. They found that the cap could reduce the burden on businesses using the platforms but shift that cost to other groups in the ecosystem, such as riders and consumers. Three bills proposing different versions of the cap are pending at the National Assembly. One was proposed by Rep. Lee Kang-ill of the ruling Democratic Party of Korea, a member of the National Policy Committee. He proposed capping the combined brokerage fee, payment processing fee and advertising expenses at 15 percent of an order's value, while imposing a separate cap and a minimum floor on delivery fees. Rep. Park Jeong-hun of the main opposition People Power Party (PPP) propo

North Korea has test-fired a tactical ballistic missile to upgrade a key component of its weapons systems, which it called a "big success," the country's state media reported Tuesday. The report came a day after South Korea's Joint Chiefs of Staff (JCS) detected multiple ballistic missiles launched from the Pyongyang area toward the East Sea. North Korea's missile administration "test-fired a tactical ballistic missile on October 12 to confirm the success in the research for the technical upgrading of an important core element," the Korean Central News Agency (KCNA) reported. The administration claimed that the upgrade "was a big success heralding an important change in improving the performance and sophistication of all offensive weapon systems," it added, describing the test as part of regular activities. The North did not disclose further details about the test-firing. The JCS earlier noted that North Korea launched multiple types of ballistic missiles, with one specific kind of missile flying more than 900 kilometers, and that South Korean and U.S. authorities were conducting a detail

The commander of U.S. Forces Korea (USFK) on Monday called for more geographically dispersed military exercises across South Korea, citing lessons from the war in Ukraine and the need to adapt to evolving battlefield threats. Gen. Xavier Brunson made the remarks during a panel discussion at the Association of the United States Army's (AUSA) annual conference in Washington, as he discussed ways to improve the readiness and deterrence posture of U.S. and South Korean forces. "I think what we recognize is that largely the two big exercises every year in Korea focus on large command posts. We've got to move away from that," Brunson said. The general suggested that the allies consider conducting exercises across a much broader geographical area rather than in fixed locations. "What would it look like if we train from Jeju all the way up to Gyeonggi Province in the north?" he said. "So just imagine if we trained across the entirety of the peninsula." Brunson said the allies should take into consideration lessons from the war in Ukraine, where the widespread use of drones and other modern battle

U.S. Pacific Command (PACOM) said Monday that North Korea launched two ballistic missiles recently while stressing that the move poses no immediate threat to the United States or its allies. "The Democratic People's Republic of Korea launched two ballistic missiles on October 12, 2026 (KST)," the command said in a statement, referring to North Korea by its official name. The command said it was aware of the launches and was consulting closely with its allies and partners. "Based on current assessments, this event does not pose an immediate threat to U.S. personnel or territory, or to our allies," it said. It added that the U.S. remains "committed to the defense of the U.S. homeland and our allies in the region." South Korea's Joint Chiefs of Staff (JCS) said Monday (Korea time) it detected the launch at about 9:20 a.m. from the Pyongyang area and that at least one of the missiles flew more than 900 kilometers. The North's latest missile launch came after it fired one ballistic missile from the Wonsan area toward the East Sea on Oct. 3.

Hong Kong travel agencies and border shops have capitalised on the opening of the revamped Huanggang Port as thousands of visitors poured through the control point, with special tours on offer and shopkeepers reporting brisk business. Agents said the port’s 24-hour joint clearance arrangements could give cross-border tourism a major boost, although crowd control measures dampened trade at the checkpoint entrance. Tour groups organised by Hong Kong travel agency Big Line Holiday were among the...

After a controversial $2.6 million artistic consultants program was axed, the celebrity chef was supposed to have no further role at the Powerhouse. Now the museum has awarded her a new executive salary ambassador role.

The Australian sharemarket has opened on a weaker note after a selloff in chipmakers left US stocks wavering ahead of the reporting season.