South Korea

South Korea has marked the one-year anniversary of the Jeju Air crash that killed 179 people on December 29, 2024. The ceremony featured a memorial service at Muan International Airport, where President Lee Jae Myung offered his deepest apology and pledged a credible probe into the cause of the crash.

Hanwha Defense USA is investing $1 billion in a new facility to produce modular charge systems for 155mm howitzer ammunition. The plant, expected to start construction in 2026 and begin production by 2030, will create around 200 jobs and generate $500 million in annual revenue.