Lee Min-hyung joined The Korea Times in 2014 and has worked as a journalist mainly in Korea’s finance, tech and automotive industry. He specializes in content creation, breaking news and in-depth analysis currently on transportation and mobility. You can reach him via mhlee@koreatimes.co.kr.
Hanwha Systems wins W80 bil. contract for military intelligence system
By Lee Min-hyung
Seen above is the Hanwha headquarters building in Seoul. / Yonhap
By Lee Min-hyung
Hanwha Systems has won an 80 billion won ($70.9 million) from the nation's defense procurement agency to provide military intelligence systems for the armed forces here, the Seoul-based defense firm said Tuesday.
Under the contract with the Defense Acquisition Program Administration, the Hanwha affiliate will establish a state-of-the-art military intelligence management system (MIMS) for the Army, Air Force and Navy.
The system will allow the military to collect and analyze information in a more effective way, helping commanders make more accurate decisions, according to the company.
The achievement is the first meaningful outcome since Hanwha S&C, the system integration affiliate of Hanwha, was merged into Hanwha Systems this August.
“Hanwha Systems believe the latest contract will help the military modernize its intelligence systems in line with the Fourth Industrial Revolution,” a company official said.
The company plans to build a data-based intelligence analysis system, enabling the military to gain a more competitive edge in information management over other armed forces, according to the firm.
Kim Kyung-han, president at Hanwha Systems' information and communication technology (ICT) division, said the company will do its utmost to successfully complete the contract.
“The contract is very meaningful in that the outcome came in part due to the synergy from the recent merger,” he said. “We will spare no efforts in upgrading the military's information integration system in a successful way.”