SEOUL, Jun. 25 (Korea Bizwire) — Korea Aerospace Industries, Ltd. (KAI) said Tuesday it has signed a 1.96 trillion-won (US$1.41 billion) deal with the state defense procurement agency to start production of the next-generation KF-21 fighter jet. The contract with the Defense Acquisition Program Administration (DAPA) covers a total of 20 KF-21 units, including follow-up [...]
SEOUL, Mar. 13 (Korea Bizwire) – A senior Iraqi Army general visited South Korea last week to look over a homegrown utility helicopter, sources said Wednesday, raising speculation over the Middle Eastern country’s potential purchase of the aircraft. Lt. Gen. Samir Zaki Hussein Al-Maliki, commander of Iraq’s Army Aviation Command, arrived in South Korea on [...]
SEOUL, Feb. 2 (Korea Bizwire) — Indonesian engineers have been under investigation over allegedly stealing technologies related to the KF-21 fighter jet under development, the state-run procurement agency said Friday. The engineers dispatched to Korea Aerospace Industries (KAI) are under suspicion of storing data on KF-21 development on a USB, according to the Defense Acquisition [...]
SEOUL, Dec. 1 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI) said Friday it has signed a deal with U.S. space firm SpaceX to launch South Korea’s next-generation midsized satellite No. 2 in 2025. It marks KAI’s second deal with SpaceX following a similar arrangement for the launch of the next-generation midsized satellite No. 4 [...]
SEOUL, May 4 (Korea Bizwire) — K-pop boy group EXO’s Kai will enlist in the military next week to fulfill his mandatory military service, his agency said Thursday. The 29-year-old will begin with a five-week basic training program at an Army boot camp from next Thursday, SM Entertainment said on its K-pop fan community platform, [...]
SEOUL, March 13 (Korea Bizwire) — Kai, a member of K-pop boy band EXO, put out a new individual EP, “Rover,” on Monday. The EP marks his first release as a soloist since his second EP, “Peaches,” in November 2021. Kai, who debuted in 2012 as the main dancer of the nine-piece group managed by [...]
SEOUL, Feb. 24 (Korea Bizwire) — Korea Aerospace Industries, Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Friday it has won a 1.2 trillion-won (US$920 million) aircraft deal from Malaysia, with the delivery set to begin in 2026. KAI signed the deal with the Malaysian defense ministry to export 18 FA-50 light attack aircraft, beating [...]
SEOUL, Feb. 17 (Korea Bizwire) — Kai, a member of K-pop boy band EXO, will put out a new individual EP, “Rover,” next month, the group’s management agency said Friday. The six-track album is scheduled to be released March 13, SM Entertainment said, without elaborating on the details of the album. His last release as [...]
SEOUL, June 24 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, is seeing new opportunities for aircraft deals from Eastern Europe and developing countries amid the ongoing war in Ukraine, a company executive has said. Demand for South Korean aircraft is on the rise, particularly from countries that need to [...]
SEOUL, June 12 (Korea Bizwire) — Korea Aerospace Industries Co., South Korea’s sole aircraft manufacturer, said Sunday it has signed an agreement with the U.S. defense firm Lockheed Martin to boost sales of its advanced trainer jets in the United States. Under the “Teaming Agreement” signed on Thursday (U.S. time), the two sides agreed to [...]