SEOUL, Sept. 21 (Korea Bizwire) — A senior official at Korea Aerospace Industries Co. (KAI) was found dead Thursday in an apparent suicide, police said, amid a widening probe into an array of suspected irregularities at the aircraft maker. Police said Kim In-sik, KAI vice president in charge of its overseas business, was found hanged [...]
SEOUL, Dec. 29 (Korea Bizwire) – South Korea’s sole aircraft maker Korea Aerospace Industries Ltd. (KAI) said Tuesday it has completed the development of a marine variant of its Surion transport helicopter, which will help enhance the range of operation and mobility for the Marine Corps. The KAI undertook the project in 2013 to produce [...]
SEOUL, Apr. 15 (Korea Bizwire) — The state arms procurer said Wednesday it has agreed with the country’s largest aerospace company on technological terms in a next-generation light civilian and military chopper development project. In July 2014, the Korea Aerospace Industries Ltd. (KAI) was tapped as the primary negotiating partner to be in charge of [...]
SEOUL, Feb. 3 (Korea Bizwire) — The South Korean military is seeking to export US$1 billion worth of an indigenous light attack aircraft to Peru, informed sources said Tuesday. “We’ve been pushing to sell 24 units of the FA-50 to Peru, and are planning to submit a proposal for Lima’s fighter purchase project this month,” said [...]