KAI seals $700 mn FA-50 fighter jet export deal with the Philippines
Korea Aerospace Industries Ltd. (KAI) on Tuesday signed a $700 million contract to supply 12 FA-50 fighter jets to the Philippines, marking the larg...
Korean Air purchases GE engines for new Boeing aircraft
Korean Air Lines Co. has agreed to buy engines from GE Aerospace to power its new Boeing aircraft, GE Aerospace said on Wednesday.Under the agreemen...
Hanwha Aerospace, L3Harris anchor Shield AI’s $240 mn funding
South Korean defense company Hanwha Aerospace Co. and US weapons systems developer L3Harris Technologies Inc. have led a $240 million funding round ...
Doosan Enerbility, KAI to cooperate on aero engine localization
South Korea's Doosan Enerbility Co. and Korea Aerospace Industries Ltd. (KAI) said on Tuesday that the two companies signed a memorandum of understa...
Korean Air gets EU approval for Asiana merger
The European Commission (EC), the European Union (EU) antitrust body, approved the merger between Korean Air Lines Co. and Asiana Airlines Inc. on N...
S.Korea’s T’way Air to introduce A330-900 Neo aircraft
T'way Air Co. announced on Thursday that it will gradually introduce five new Airbus A330-900 Neo aircraft starting next year.T’way recently s...
Air Incheon joins Boeing safety operation support program
South Korea's cargo airline Air Incheon announced on Wednesday that it signed an agreement with American aircraft manufacturer Boeing Co. on Tuesd...
Korean Air, L3Harris to introduce more AEW&C aircraft
South Korean airliner Korean Air Lines Co. held the Industry Day in Seoul on Wednesday with the US-based defense company L3Harris to discuss South K...
POSCO aims to quadruple operating profits by 2030
POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling revenue by 2030 with ...
Kakao Mobility, Archer to collaborate for K-UAM commercialization
South Korea's Kakao Mobility Corp. announced on Friday that it signed an agreement with Archer Aviation, the US-based urban air mobility (UAM) aircr...
Korea’s Lotte sells Lotte Glory Properties Shenyang amid US-China dispute
South Korea’s retail giant Lotte Group has signed a deal to sell a theme park project in Shenyang, China – its latest move to pull out o...
KAI inks $723 mn eVTOL aircraft parts deal with Brazil’s Eve
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, said it signed a 1 trillion won ($723 million) deal ...
S.Korea’s Doosan Enerbility to develop aircraft engines
South Korea’s major power plant builder Doosan Enerbility Co. plans to develop aircraft engines based on its turbine technology as its new gro...
Korean Air breaks ground on Asia’s largest aircraft engine MRO cluster
Korean Air Lines Co., South Korea’s No. 1 full-service carrier, said on Thursday it has begun construction of a $439 million aircraft engine m...
KAI to develop future aerial mobility, single-seat aircraft
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, plans to develop future aerial mobility to secure a ...
Race for Asiana's cargo unit heats up among local bidders
The proposed merger of South Korea’s two largest carriers, Korean Air Lines Co. and Asiana Airlines Inc., is intensifying competition among lo...
KAI sees record-high earings in 2023
Korea Aerospace Industries Ltd. (KAI), the country’s sole military aircraft manufacturer, posted record revenue last year, boosted by the ex...
Korea’s 6G frequency bands picked as standard candidates
Sixth-generation (6G) communication frequency bands proposed by South Korea have been adopted as global standard candidates by the industry's freq...
S.Korea to buy more F-35As, but picks Embraer C-390s for transport
South Korea has chosen the F-35A by US-based Lockheed Martin Aeronautics as its stealth aircraft and Brazil-headquartered aerospace company Embraer&...
Air Premia posts first-ever quarterly profit
Air Premia Inc., a South Korean budget carrier, on Thursday reported its first-ever quarterly profit in the third quarter of this year, fueled by a ...
Korean LCC T’way enjoys healthy earnings on preemptive investment
South Korean budget airline T'way Air Co. reported strong earnings as it benefited from its preemptive move of introducing new aircraft to increase ...
KAI participates in Thailand's Defense & Security 2023
Korea Aerospace Industries Ltd. (KAI) announced on Monday it has participated in Defense & Security 2023 exhibition in Bangkok, ThailandThe comp...
Toray Advanced Materials to spur carbon fiber production in Korea
Toray Advanced Materials Korea Inc. (TAK) broke ground on its new facility for carbon fiber production in Gumi, North Gyeongsang Province on Monday,...
KAI's FA-50 participates in NATO Days 2023
Korea Aerospace Industries Ltd. (KAI), South Korea's sole military aircraft manufacturer, announced on Monday that its FA-50GF light fighter expor...
KAI flies FA-50 fighter jets with pride at Radom Airshow
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, is stepping up its defense export marketing efforts ...
Hyundai Mobis mass produces glove compartment for EVs
South Korea's Hyundai Mobis has developed an innovative glove compartment optimized for electric vehicles (EV) for use in the large sport utility EV...
KAI joins hands with VTX to enter Vietnam's helicopter market
Korea Aerospace Industries Co. (KAI) on Friday signed a preliminary agreement with Vietnam’s Viettel Aerospace Institute (VTX) to cooperate in...
S.Korea's military aircraft exports to NATO get major boost
South Korea has concluded a deal with the North Atlantic Treaty Organization (NATO) on mutual recognition of certification of military aircraft airw...
Hanwha Systems, Leonardo collaborate on developing AESA radar
Hanwha Systems Co., a South Korean defense contractor, has joined forces with Leonardo SpA, a leading European defense company, to jointly develop a...
Hanwha Aerospace partners with UK's Vertical Aerospace for UAM
South Korea's Hanwha Aerospace Co. announced on Tuesday that it has signed a memorandum of agreement (MOA) with Vertical Aerospace (VA), a UK compan...
