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Mobiation, which operates an urban air traffic service platform, has attracted pre-A investment from 500 Global. Mobiation is a company founded in November 2021 by CEO Shin Min from Morgan Stanley's New York headquarters, and has been developing an urban aviation platform for the past 2 years. As a step before commercialization of electric vertical take-off and landing vehicles (eVTOL) around the world, operating flight services using helicopters is becoming a trend...

Urban air traffic service platform operator 'Mobiation' attracts pre-A investment from 500 Global

A South Korean drone company has secured a major investment ahead of its planned initial public offering (IPO) in the second half of next year, it announced on Friday.

Pablo Air Raises $15.5 Million in Pre-IPO Funding

Volatus Infrastructure, LLC has signed a memorandum of understanding (MOU) with the Korean technology company, WEFLO, to assist with service and maintenance programs for electric vertical take-off and landing (eVTOL) aircraft.

Volatus Infrastructure, LLC has signed a memorandum of understanding (MOU) with the Korean technology company, WEFLO

A South Korean company has teamed up with a German firm to market persistent surveillance systems for submarines and surface vessels in the Asia-Pacific region, a company representative told Janes.

Hensoldt partners with South Korea's LIG Nex1 to market persistent surveillance systems

South Korean ammunition firm Poongsan has unveiled a 127 mm gun-launched, extended-range guided munition for naval applications at the MADEX 2023 exhibition in Busan.

South Korean ammunition firm Poongsan unveils extended-range guided munition

Israel is developing a compact radar that will convert ship-based vertical take-off and landing (VTOL) unmanned aerial vehicles (UAVs) into more capable maritime surveillance platforms.

Israel Aerospace Industries (IAI) developing maritime patrol radar for VTOL UAVs

weflo Inc. have raised a Seed funding round from Bass Investment, Kakao Ventures, Lotte Ventures. Hiring is expected as they use the funding to support their growth.

weflo Inc. closes Seed funding round

A consortium formed by South Korean private equity fund STIC Investments and Hana Daetoo Securities was picked as the preferred bidder to acquire a 49 percent stake in unlisted...

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