SEOUL, Nov. 19 (Korea Bizwire) – Korea Aerospace Industries Ltd. (KAI), South Korea’s sole aircraft manufacturer, said Wednesday it has signed a memorandum of understanding (MOU) with a United Arab Emirates (UAE) defense company to cooperate in the aerospace sector. The agreement with EDGE Platforms and Systems, a unit of the UAE’s defense conglomerate EDGE [...]
SEOUL, June 30 (Korea Bizwire) — Kang Goo-young, president and chief executive officer (CEO) of Korea Aerospace Industries (KAI) Ltd., will step down this week, about three months ahead of the official end of his term, industry sources said Monday. Kang plans to resign from the CEO position of the South Korean aerospace and defense [...]
SEOUL, June 27 (Korea Bizwire) — Korea Aerospace Industries Co. (KAI), South Korea’s sole aircraft manufacturer, said Friday it has signed a 140 billion-won (US$103.3 million) contract with Collins Aerospace to supply engine components for Airbus aircraft. Under the agreement, KAI will supply engine nacelle components for Airbus A350 and A320 NEO aircraft over a [...]
![[UPDATE] KAI Inks US$700 Mln Deal To Export FA-50 Aircraft To Manila](http://koreabizwire.com/wp/wp-content/uploads/2025/06/an-FA-50-fighter-landing-at-an-air-base-in-the-southwestern-city-of-Gwangju.-.jpg "[UPDATE] KAI Inks US$700 Mln Deal To Export FA-50 Aircraft To Manila")
SEOUL, June 4 (Korea Bizwire) — South Korean defense firm Korea Aerospace Industries Ltd. (KAI) has signed a deal with the Philippine defense ministry to export 12 FA-50 light attack fighters by 2030, the state arms procurement agency said Wednesday. The US$700 million deal signed Tuesday marks the second round of FA-50 exports to Manila, [...]
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 [...]