00:02it's wednesday september 23rd let's take a look at a key development in korea's industry sector
00:08hanwha just became the first korean defense firm to enter a u.s army arsenal program
00:13the company is investing 3 trillion won to build an ammunition plant in the u.s
00:17chairman kim sung-yeon says korea needs unrivaled defense ai to back it up
00:23hanwha group signed a deal with the u.s army to build an ammunition production base on american
00:28soil the facility will produce 155 millimeter shells for k-9 self-propelled howitzers it marks the first
00:35time a korean defense contractor has joined a u.s army arsenal program here's what the numbers show
00:403 trillion won that's hanwha's committed investment to build the u.s ammunition plant
00:46the facility centers on 155 millimeter shell production for k-9 howitzers the disclosed
00:53contract covers an initial phase valued at roughly 262 million dollars or about 371.5 billion won
01:00chairman kim sung-yeon urged the group to build unrivaled defense ai capability during the signing
01:05event separately ls electric is introducing a four-legged robot called spot to raise manufacturing
01:12output at its facilities so what does this mean for global supply chain managers earlier we said
01:18hanwha is investing 3 trillion won in a u.s ammunition plant here's what that actually
01:23means for you korea's defense industry is moving from parts supplier to infrastructure builder inside
01:28the u.s army's own arsenal system ls electrics robot rollout shows that same push for capability
01:34spreading into everyday manufacturing floors construction timeline for hanwha's u.s ammunition
01:39plant chairman kim's follow-through on defense ai investment ls electrics spot robot deployment
01:45results across its plants that's today's ai prism industry daily this episode was produced with ai
01:53assistance based on sole economic daily reporting and reviewed by a human editor ai prism is a wanifra
01:59award-winning series we'll be back tomorrow
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