[WEEKENDER] K-defense exports enter new phase
Korea’s defense industry stands at a critical crossroads, as its export boom gives way to a new phase in which major overseas buyers are demanding local production and supply chains in their own markets. From K9 self-propelled howitzers and K2 battle tanks to Chunmoo multiple rocket launchers and air defense systems, Korean-made weapons have rapidly expanded their presence across Europe and other regions. The export boom has transformed the defense industry from a largely domestic-oriented sector into one of Korea’s emerging global growth engines. But the next stage may prove more challenging. Korean defense firms can no longer rely solely on their traditional strengths of competitive prices, fast delivery and proven manufacturing capabilities. As major customers increasingly demand technology transfers, local production and participation in their own defense industries, Korean companies are pushed to become not just arms exporters, but long-term industrial partners. That shift could determine whether the current K-defense boom develops into a sustainable global business or remains a t
Read full articleMORE NEWS
Spanberger announces tightened data center restrictions, clean energy mandates in Virginia
Virginia Gov. Abigail Spanberger (D) on Friday announced a new proposal to tighten restrictions on data center developments in the Old Dominion. The governor’s “Data Center Accountability Framework” outlines several objectives for the commonwealth’s approach to these projects, including cutting down on noise pollution and water use tied to these projects and promoting clean energy...
Trump plans to ban CNN, MSNOW and Politico from the White House
U.S. President Donald Trump said Friday that he was banning CNN, MSNOW and Politico from the White House due to what he called unfavorable coverage.
Woman found guilty of negligent homicide in Super Bowl reporter death
She was also charged with manslaughter in Adan Manzano’s death, a 27-year-old reporter for Telemundo, who was found dead in his hotel room days before the Super Bowl .
That NFL match actually cost double previous estimates. But the jubilation made it worth it
A visiting circus of 49ers executives, star players, and enthusiastic American reporters gave a jaded city a fresh look at itself.
'Respect and preserve': new owner reveals plans for Statesman Hotel
A six-storey building could be built under the Curtin Masterplan.
'Bit of a mess': musical chairs exposed at the anti-corruption commission
With attrition at 15 per cent, many are acting in senior roles.
School budget changes should not have been a shock, says minister
Minister defends school funding shifts as teaching overhaul looms.
Compassionate healthcare team delivers essential kits to local homeless
Two great organisations were helping Canberra's most vulnerable in the city this week.
I've got some bright ideas about how to make Floriade great again
Picture this: a floral portrait of Gina Rinehart made entirely of tall poppies.
Confusion over $5m climate action funding helped tank Greens-Labor talks
Failed talks leave parties without formal deal for first time since 2008.
Smashing the bronze ceiling: Push to honour electoral pioneer in Canberra
She's the real reason we have a proportional voting system.
Infant found living in squalor under Yolo County overpass, parents arrested
The parents, Melissa Rivera, 29, and Fernando Esparza Guzman, 48, 'acknowledged the dangers posed to their newborn,' and said they had been waiting to take the infant to a hospital sometime later, the sheriff's office said.