LS Marine Solution, a subsidiary of LS Cable & System, has completed a major upgrade of its cable-laying vessel GL2030, significantly increasing its cable carrying capacity to strengthen its competitiveness in large-scale offshore wind and high-voltage direct current (HVDC) transmission projects.

The company announced on July 22 that it has increased the vessel's submarine cable carrying capacity from 4,000 metric tons to 7,000 metric tons.

The upgrade enables the GL2030 to install submarine cables over distances exceeding 100 kilometers in a single continuous operation, reducing the number of voyages required for a project and lowering both construction time and costs.

LS Marine Solution expects demand for submarine power and telecommunications cable installation to increase as South Korea expands offshore wind generation, advances the West Coast HVDC transmission project and invests in new international submarine communications networks.

The company plans to deploy the GL2030 primarily for coastal projects while assigning its 13,000-ton next-generation cable-laying vessel, currently under construction, to long-distance and large-capacity projects, further expanding its offshore construction capabilities.

"We will expand our participation in domestic power grid projects, including the West Coast HVDC Energy Highway, while strengthening our presence in the US and European markets," an LS Marine Solution official said.

Hanwha Aerospace has completed a $500 million US dollar-denominated public bond offering, becoming the first South Korean defense and aerospace company to issue an overseas public bond.

The company announced on July 21 that it had finalized the issuance of $500 million in fixed-rate notes with a three-year maturity.

The bond offering attracted approximately $3.3 billion in orders from investors across Europe and Asia, representing demand of roughly seven times the issuance size.

In June 2026, S&P Global Ratings assigned Hanwha Aerospace a long-term issuer credit rating of A-, making it the first South Korean defense and aerospace company to receive an A-range long-term rating from the global credit rating agency.

Hanwha Aerospace said it plans to use the proceeds from the bond issuance for working capital and the repayment of existing debt.

The transaction was jointly arranged by Citigroup Global Markets, Crédit Agricole CIB, and UBS.

"We successfully completed our inaugural overseas public bond offering with strong interest from international investors," a Hanwha Aerospace official said. "Supported by a stable funding base, we will continue strengthening our competitiveness in global markets."

Hanwha has partnered with the Korea Development Bank (KDB) and the Korea Credit Guarantee Fund (KODIT) to provide financing support for facility investments by suppliers in the defense and shipbuilding industries.

The company announced on July 20 that it signed a memorandum of understanding on a shared-growth financing program with KDB and KODIT at KDB's headquarters in Yeouido, Seoul.

The program will support small and mid-sized suppliers of four Hanwha affiliates: Hanwha Aerospace, Hanwha Ocean, Hanwha Systems and Hanwha Engine.

Under the agreement, the Hanwha affiliates will contribute funds to KODIT and recommend eligible suppliers. KODIT will provide preferential credit guarantees to those companies, while KDB will extend facility investment loans backed by the guarantees.

The financing will enable participating suppliers to fund investments such as expanding production equipment and building new manufacturing facilities. Hanwha said it will identify suppliers requiring financial support and assist them throughout the financing process.

"We will identify suppliers that need facility investment and help them make full use of this financing program," said Kim Hee-cheul, chief executive officer of Hanwha Ocean.

Korea Aerospace Industries (KAI) has agreed with Airbus Helicopters to expand cooperation on next-generation rotorcraft technologies.

KAI announced on July 20 that it signed a joint statement with Airbus Helicopters at the company's headquarters in Marignane, France, to strengthen collaboration in the rotorcraft business.

The two companies have worked together in the rotorcraft sector for nearly two decades, beginning with the development of the KUH-1 Surion in 2006. Their cooperation later expanded to the development of the Light Armed Helicopter (LAH) Miron, and they are currently collaborating on the Marine Attack Helicopter (MAH) program.

Under the new agreement, the companies will strengthen technical support and parts supply systems to ensure the stable operation of the Surion and Miron helicopter fleets. The initiative is intended to improve supply chain resilience, increase aircraft availability and enhance maintenance efficiency.

The partnership will also expand into next-generation rotorcraft technologies. KAI and Airbus Helicopters will jointly explore technology development and business opportunities related to manned-unmanned teaming (MUM-T) and unmanned aircraft systems (UAS) to address future battlefield requirements.

"Airbus Helicopters has been our key partner over the past 20 years in the development of the Surion and Miron helicopters," said Kim Jong-chul, chief executive officer of KAI. "We will further expand our cooperation in future technologies, including AI-based manned-unmanned teaming systems."