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South Korean tech giant Samsung Electronics Co. said Tuesday its latest flagship smartphones, the Galaxy S7 series, posted robust sales in Israel just a week after their launch.

Samsung's smartphones account for 45 percent of the market in Israel, which has a population of 7.8 million and a brisk secondhand phone market. It far surpasses U.S. rival Apple's 30 percent share.

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Israel Aerospace Industries (IAI) and Chungcheongnam-do, one of provinces in South Korea, have signed an agreement for aerospace strategic partnership. This MOU contains the condition that AIA invests in Chungcheongnam-do which provides industrial lands and tax incentive on foreign investment.

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Israel Aerospace Industries (IAI) and South Korea’s Hankuk Carbon decided to team up and offer a Front Engine Panther version of its 67kg-class vertical take-off and landing unmanned air vehicle. According to Egozi, “IAI’s cooperation with Hankuk Carbon also includes working on another gasoline-electric hybrid propulsion system under a project funded by the Korea-Israel Industrial R&D Foundation.”

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