South Korean
Coverage of South Korean in the Nexus archive.
- South Korean defence group offers $1.2bn to expand in US
A South Korean defence group is offering $1.2 billion for expansion within the US market. Hanwha Aerospace has submitted a bid for Austal’s American business operations. This specific segment of the business involves selling ships to the navy and coastguard.
- Hyundai becomes first major South Korean company to introduce internal stablecoin transfers
Hyundai has become the first major South Korean company to implement internal stablecoin transfers, marking a significant step in corporate adoption of blockchain technology.
- Only two South Korean ships remain in Hormuz, says president
President Lee Jae-myung stated that only two South Korean ships remain in the Strait of Hormuz, down from 26 initially stranded after Iran closed the waterway on February 28. An International Maritime Organization-led operation evacuated 115 ships carrying 2,500 crew members last week, but was paused due to renewed US-Iran hostilities following an Iranian drone attack on a cargo ship.