Hanwha Systems to Open Joint R&D Centers With Seoul National, Sungkyunkwan for Defense-Space Chips Hanwha Systems said March 5 that it held ceremonies with Seoul National University and Sungkyunkwan University to establish joint research and development centers to secure design technologies for defense and space semiconductors. The centers will be set up at SNU’s Semiconductor Joint Research Institute and at Sungkyunkwan University’s College of Information and Communication Engineering on its Natural Sciences Campus, the company said. Hanwha Systems and SNU will conduct joint research through 2031 to develop high-frequency semiconductor design technology for communications, it said. The chips are expected to be key components for applications including communications satellites, mobile terminals and unmanned aircraft, supporting high-speed, low-latency, high-performance military communications linking land, sea, air and space domains. Hanwha Systems said it previously won a development project in December for a “transceiver space semiconductor for low-Earth-orbit communications satellites,” one type of communications chip. The transceiver is described as a core component for military LEO satellite communications, designed to reliably transmit and receive satellite signals between ground and space in extreme space environments. With Sungkyunkwan University, Hanwha Systems will jointly develop domestically made, high-power, high-efficiency, wideband semiconductors for radar, the company said. The chips are core components used in radar antennas — the “eyes” of systems such as surface-to-air guided weapons, fighter jets and observation satellites — and are used to generate radio waves and amplify received signals for target search and tracking. The company said the technology could be used broadly, including in multifunction radars applied to Cheongung-II and L-SAM, as well as AESA radars for fighter aircraft and SAR for observation satellites. Hanwha Systems said it plans to build joint research infrastructure with each university and pursue work in stages, from early research and technology acquisition to component commercialization. It also plans longer-term cooperation, including expanded industry-academia exchanges and recruitment of top talent. Defense semiconductors are specialized chips used in advanced weapons systems such as missiles, radar and military communications, requiring far higher reliability and stability than chips for other industries, the company said. Hanwha Systems said it expects the partnerships to help it internalize high-quality domestic defense semiconductor design capabilities quickly and systematically. Hanwha Systems said it aims to strengthen competitiveness in defense semiconductor technology across all stages, from components to integrated systems, and to become a leading company in localizing defense semiconductors in South Korea. “This industry-academia partnership is an important starting point for securing core defense semiconductor technologies stably at home,” a Hanwha Systems official said. “Through sustained R&D and talent development, we will raise self-reliance in key semiconductor technologies for defense and contribute to strengthening South Korea’s defense industry competitiveness.” 2026-03-05 09:28:16

LIG Nex1 Opens Assembly, Inspection Facility for Fleet-to-Air Missile-II LIG Nex1 said March 5 it held a completion ceremony the previous day at its Gumi House complex for an assembly and inspection facility for the Fleet-to-Air Missile-II. The Fleet-to-Air Missile-II is an air-defense guided weapon intended for installation on South Korea’s next-generation destroyer, known as KDDX, to help protect friendly ships from threats such as enemy aircraft and cruise missiles. LIG Nex1 completed the facility about two years after signing a system development contract for the program with the Defense Acquisition Program Administration in 2024. The company said the new facility will support efforts to complete a high-quality guided weapon that it expects to serve as a key element of friendly ship defense through 2030. LIG Nex1 said it is pursuing what it described as the industry’s first company-led system development project for an air-defense guided weapon. If the project is completed successfully, the company said it expects to strengthen its guided-weapon research and development capabilities. It said it is developing the system with a target localization rate of 90%, and expects the program to contribute to national interests tied to future exports and to shared growth with participating companies. Chief Executive Officer Shin Ik-hyun said the company will seek to help secure next-generation weapon systems, citing its technology and infrastructure across guided weapons for land, sea and air, including ongoing development of long-range air-to-surface and short-range air-to-air missiles, and future long-range air-to-air missiles.* This article has been translated by AI. 2026-03-05 09:27:28

Young Poong to Review KZ Precision Shareholder Proposals, Plans to Put Legal Items to Vote Young Poong said Thursday it will closely review shareholder proposals submitted by KZ Precision, a related party of Korea Zinc Chairman Choi Yun-beom, ahead of its 75th annual general meeting and plans to place on the agenda any items that comply with relevant laws. The company said it has pursued its own governance reforms and shareholder-value measures, contrary to KZ Precision’s claims. It cited last year’s cancellation of 1,030,500 treasury shares, a 10-for-1 stock split aimed at lowering the entry barrier for small investors, and cash and stock dividends totaling 33.6 billion won. Young Poong also said it has reflected shareholder views in management, including appointing Jeon Young-jun as an outside director who serves on the audit committee after accepting a proposal from ordinary shareholders.  Young Poong said it will maintain its shareholder-return stance this year. It plans to cancel all remaining 203,500 treasury shares in the first half, further reducing shares outstanding. The company said the move is intended to enhance shareholder value and reinforce its commitment to responsible management. It also said it will draw up a midterm roadmap for its dividend policy to improve predictability for shareholders and further refine its corporate value-up program. Young Poong said it will also accelerate governance-improvement efforts aimed at raising the corporate value of its key asset, Korea Zinc. The company said it believes Korea Zinc under Choi’s leadership continues to face concerns about potential damage to shareholder value, and it will do its utmost to normalize corporate value through sound governance and protect shareholder interests. Young Poong said it is working to strengthen competitiveness by restoring sales and improving profitability in its core smelting business, while continuing environmental investment to build an eco-friendly smelter. It said it will continue to focus on enhancing shareholder value based on responsible management and transparent decision-making. Separately, Young Poong said it filed a damages lawsuit on March 4 against KZ Precision and its Chairman Choi Chang-gyu and CEO Lee Han-seong, alleging they created the appearance of cross-shareholdings during a management control dispute at Korea Zinc and caused significant losses to Young Poong.* This article has been translated by AI. 2026-03-05 09:21:19

Kim Jong-un inspects missile tests from new destroyer SEOUL, March 5 (AJP) - North Korean leader Kim Jong-un has visited a shipyard in Nampo for a new destroyer and oversaw the test-firing of strategic cruise missiles from the vessel, state media reported on Thursday. According to the state-run Korean Central News Agency, Kim, accompanied by key military and party officials, conducted a two-day inspection of the 5,000-ton Choe Hyun on Tuesday and Wednesday to "observe its crew members' combat and political training and the shakedown to assess its operational capabilities." Overseeing the test launch of sea-to-surface strategic cruise missiles from the destroyer, Kim Jong-un said it was an "important core element in estimating the operational capabilities of the warship." Praising its sailors for "having achieved successes," Kim was also quoted as saying, "The tests of operational efficiency of the new-type destroyer, a new symbol of our state's sea defense capability, are going smoothly as planned." "Our Navy will have a powerful offensive capability, which is, in effect, a capability for defending ourselves," he added. Kim also inspected another destroyer under construction, which would become the third vessel of the same class as the Choe Hyon, expected to be completed by early October in time for the 81st anniversary of the founding of the country's key ruling organ, the Workers' Party of Korea. He also called for building more warships of the same class or larger each year under the country's new five-year plans, as part of efforts to strengthen its naval power. Launched in April last year, the multipurpose destroyer, named after Choe Hyon, a comrade of regime founder Kim Il-sung during his days as a partisan fighter, is believed to be capable of carrying nuclear weapons. 2026-03-05 09:18:02

Pianist Paik Kun-woo to Release New Schubert Album Marking 70 Years Since Debut Universal Music said Thursday that pianist Paik Kun-woo will release a new album, "Schubert," on the 26th. It is Paik’s first Schubert recording in 13 years, following his 2013 release "Schubert: Impromptus, Klavierstücke, Moments musicaux." The album is positioned as a personal milestone for Paik, who marks the 70th anniversary of his debut and his 80th birthday this year. Ahead of the release, "Schubert: Piano Sonata No. 13 in A major, D.664, first movement" will be issued as an advance track Thursday. The two-CD set features Schubert’s Piano Sonatas Nos. 13 and 14, along with late-period Sonatas Nos. 18 and 20, linking Schubert’s musical world with Paik’s own career arc. "This choice spans the beginning and end of my performing life," Paik said. "No. 13 (D.664) is one of the earliest piano sonatas I learned and a work I have always loved, and No. 20 (D.959) is a piece I left aside for a long time because I couldn’t find an answer." He said he recorded the works to revisit them "from where I have arrived now" and to move closer to the truth. Paik recalled that while he performed and recorded Schubert’s final sonata (D.960) when he was younger, he was unable to bring D.959 to the stage for many years. "The second movement felt like a fantasy beyond order, and the theme of the fourth movement went on endlessly through repetition," he said. "For years I tried to find an answer, but perhaps because I wanted it so badly, I couldn’t see it." He added that only recently did he realize that rather than trying to do something, he needed to try "not to do." "Letting the music sing on its own, and the confidence to endure that silence — this attitude, reached through serious and sincere inquiry, is the biggest difference between my Schubert 13 years ago and my Schubert now," he said. Paik was born in Seoul in 1946 and made his debut at age 10, performing Grieg’s Piano Concerto with the Navy Symphony Orchestra, now the Seoul Philharmonic Orchestra. At 15, he moved to the United States to continue his studies at the Juilliard School, and later performed across the United States and Europe. Paik now lives in Paris and is preparing a recital tour tied to the album release. Beginning in April, he will visit 12 cities nationwide. The final stop, in Seoul, is set for May 10 — his birthday — at the Seoul Arts Center Concert Hall. The program includes Schubert’s Sonatas Nos. 13 and 20 and Brahms’ Four Ballades, and he is also preparing to publish an autobiography.* This article has been translated by AI. 2026-03-05 09:15:22

KB Kookmin Bank, AIA Life Sign MOU to Expand Insurance Claim Rights Trust Services KB Kookmin Bank said March 5 that it signed a memorandum of understanding with AIA Life to promote insurance claim rights trusts and expand linked trust-and-insurance services. The signing ceremony was held March 4, attended by Yoo Shin-ok, head of AIA Life’s Customer Division, and Jeon Hyo-seong, deputy head of KB Kookmin Bank’s WM Customer Group, along with officials from both companies. An insurance claim rights trust allows a policyholder to place the right to claim death benefits into a trust while still alive and to design in advance how the proceeds will be managed and paid out after the insurer makes the payment. Unlike simply naming a beneficiary, the arrangement lets the policyholder set the purpose and payout method as needed. The companies said the agreement combines KB Kookmin Bank’s trust-based wealth management capabilities with AIA Life’s insurance expertise to support structured asset management and asset transfers. They said they plan to build a stable asset succession service reflecting customer demand, aimed at more predictable transfers. A KB Kookmin Bank official said the agreement creates conditions for customers’ insurance proceeds to be transferred more securely after death, adding that the bank will continue expanding financial services as a trusted wealth management partner. 2026-03-05 09:12:00

NH NongHyup Bank Partners With U.S. Real Estate Platform Koriny on Investment Advice NH NongHyup Bank said March 5 that it has signed a business agreement with Koriny, a U.S. real estate platform company, to cooperate on U.S. real estate investment advisory services. Under the agreement, the two sides plan to provide professional, reliable information to customers interested in investing in U.S. real estate and to identify a range of investment opportunities. Cooperation will include providing U.S. property listings and investment information, tailored advisory services for top clients, and seminars on U.S. real estate investing. The bank said seminars and advice based on local market information and investment trends will help customers build more systematic overseas real estate strategies. “This agreement is a strategic partnership to respond more precisely to customers’ global wealth-management needs,” Yoo said. “We will continue to expand differentiated investment advisory services, including global investments, and provide customers with a wider range of wealth-management solutions.” 2026-03-05 08:54:00

Air Premia to Increase Incheon-Narita Flights to 10 Weekly Starting March 29 Air Premia said Thursday it will add an afternoon service on its Incheon-to-Narita route, increasing frequency from seven flights a week to 10 starting March 29. The airline will also adjust its operating days. From March 29 to April 19, flights will operate on Mondays, Fridays and Sundays. From April 20 to 26, service will run on Mondays, Fridays and Saturdays. From April 27, the schedule will be fixed to Thursdays, Fridays and Saturdays. The flight will depart Incheon International Airport at 1:50 p.m. and arrive at Narita International Airport at 4:30 p.m. The return flight will leave Narita at 5:40 p.m. and arrive in Incheon at 8:25 p.m. Air Premia launched the Narita route in December 2022 with four weekly flights and has expanded service as demand grew: to five a week in 2023, six a week in 2025, and daily service in January 2026. With the latest increase, the route will operate 10 times a week. From its launch through the end of January this year, the airline operated 1,709 flights on the route and carried 513,412 passengers. The average load factor was 91.8%. To mark the expansion, Air Premia will offer a 10% discount promotion for the Narita route from March 5 to 12. The travel period runs from March 5 to Oct. 24. * This article has been translated by AI. 2026-03-05 08:45:16

Hana Financial Partners With Crypto.com on Won Stablecoin Use in South Korea Hana Financial Group said it is building an early partnership around a won-denominated stablecoin and expanding cooperation with global digital-asset firms as it seeks to lead the digital-asset ecosystem. The group said Hana Card is working with an affiliate of Circle, the issuer of the global stablecoin USDC, and with global digital-asset operator Crypto.com to promote payment marketing in South Korea, drawing on the group’s global network. Hana Card will run a cashback event for foreign customers who hold a Crypto.com Visa card and either hold USDC or have a record of topping up USDC. When they pay at participating merchants in South Korea, Hana Card will return 5% of the purchase amount in Crypto.com’s native token, Cronos (CRO). Hana Financial said the effort is aimed at giving foreign customers experience with digital-asset payments and identifying new payment demand centered on major domestic merchants. A Hana Financial official said, “This project is a process of confirming the potential use of stablecoin-based payments and broadening the scope of cooperation with global digital-asset operators.” The official added, “Hana Financial Group will continue to pursue various use cases that consider the entire process from distribution to use after stablecoins are institutionalized.” Separately, Hana Financial said it is also expanding ties with global digital-asset firms, including preparing licensing for digital-asset custody services at BitGo Korea, a joint venture it established with BitGo, a global digital-asset custodian listed on the New York Stock Exchange.* This article has been translated by AI. 2026-03-05 08:42:12

Oh Seung-hwan Says He Received About 1,000 Don of Gold as Rewards Oh Seung-hwan spoke about the gold he received as rewards during his baseball career. On MBC’s “Radio Star,” which aired on the 4th, Oh appeared with Lee Cheol-min, Jo Hyun-ah and Yang Sang-guk. Oh said the number 21 was meaningful to him, noting that he got married on the 21st by coincidence and played for 21 years. He said that when he retired, he received gifts tied to the number, including a 21-don gold padlock and a gold trophy. Oh added that when he set a record at age 47, he received a 470-don gold baseball, which he said is now worth more than 400 million won, compared with 30 million to 40 million won at the time. He also said he received a 400-don gold bar when he reached 400 saves. Asked by Yang how much gold he has in total, Oh said it was about 1,000 don, worth about 900 million won.* This article has been translated by AI. 2026-03-05 08:39:23