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Business
Korea signs $1bn-plus Chunmoo rocket deal with Norway

Korea signs $1bn-plus Chunmoo rocket deal with Norway

SEOUL, January 31 (AJP) - South Korea has secured a major defense export deal with Norway, with presidential chief of staff Kang Hoon-sik saying in a Facebook post on Saturday that the Norwegian government had signed a contract to purchase the Chunmoo multiple rocket launcher system. The contract is worth about 1.3 trillion won ($970 million). Kang Hoon-sik, chief of staff to President Lee Jae-myung, said the agreement was finalized following approval by the Norwegian governmen

January 31, 2026
  • LG Elec profit slumps in 2025 on restructuring costs, media business losses

    LG Elec profit slumps in 2025 on restructuring costs, media business losses

    January 30, 2026
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    Samsung SDI signs major battery deal in US, possibly with Tesla

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  • Korean Economy/Business Calendar

    Korean Economy/Business Calendar

    January 30, 2026
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    January 30, 2026
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    KG Mobility's cumulative sales in Turkey top 50,000 vehicles

    January 30, 2026
  • Daewoong Pharma inks $20.5 million Nabota supply contract for Mexico

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  • HD Korea Shipbuilding wins order for liquefied CO2 carriers

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    January 30, 2026
  • UPDATE: Koreas factory output strongest in four months in December, slows for full 2025

    UPDATE: Korea's factory output strongest in four months in December, slows for full 2025

    January 30, 2026
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