Korea Aerospace Industries

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Korea Aerospace Industries
Type Public
Traded as KRX: 047810
Industry Aerospace & Defence
Founded 1999
Headquarters Sacheon, South Korea
Key people Sung-Yong, Ha(President and CEO)
Products Civil aircraft
Military aircraft
Satellites
Revenue Increase US$ 1.95 billion (2013)[1]
Operating income Increase US$ 121  million (2013) [1]
Net income Increase US$ 87  million (2013) [1]
Total assets Increase US$ 1.91 billion (2013) [1]
Total equity Increase US$ 0.93 billion (2013) [1]
Owners Korean government(26.8%)[2]
Hyundai Motor Co. (10%)[2]
Samsung Techwin (10%) [2]
Doosan (5%) [2]
Employees 3,255 (March 31, 2014)
Website http://www.koreaaero.com

Korea Aerospace Industries Ltd. (commonly referred to as KAI, Korean: 한국항공우주산업, Hanja: 韓國航空宇宙産業) is a South Korean aerospace company, originally a JV of Samsung Aerospace, Daewoo Heavy Industries (aerospace division), and Hyundai Space and Aircraft Company (HYSA), which in 1999 took over its founding members at the behest of the Korean government following their financial troubles which emerged in the 1997 financial crisis.

Projects[edit]

In 2010, KAI was studying a project for launching a 90-seat turboprop, to be announced as early as 2011.[3] In October 2012, a joint development deal between Bombardier Aerospace and a government-lead South Korean consortium was revealed, to develop a 90-seater turboprop regional airliner, targeting a 2019 launch date. The consortium would include Korea Aerospace Industries and Korean Air Lines.[4]

Lead In Fighter Trainer TA-50 in KAI
KSLV-1 Naro at public exhibition area of Naro Space Center

Products[edit]

Military[edit]

Licensed production
  • MBB/Kawasaki BK 117 : Hyundai Space and Aircraft Company in 1989 assembled a BK-117.
  • MBB Bo-105 KLH (1989) : Daewoo Heavy Industries (aerospace division) license-produced combat version of CBS-5.
  • KF-16, (1991) : Samsung Aerospace produced 140 F-16 C/D Block 52 fighters under license from Lockheed Martin in the 1990s.[5]
Upgrade and Modification
Fixed-wing aircraft
Helicopter
Unmanned aerial vehicles
  • KAI RQ-101 Songgolmae (2001): internationally as the Night Intruder 300[7]

Co-development[edit]

  • Bell 427 helicopter designed and manufactured by Bell Helicopter and Samsung Aerospace Industries.
  • Bell 429 helicopter designed and manufactured by Bell Helicopter and Samsung Aerospace Industries.

Satellites[edit]

  • Korean Multipurpose Satellites No. 1, 2, 3 and 5

Launch vehicle[edit]

  • Korea Space Launch Vehicle(KSLV)-II:[8] The KSLV-II has been designed to generate a combined thrust of 300 tons by tying in parallel four 75 ton-class liquid fuel-powered engines. KSLV 2 is the launcher earmarked for the spacecraft that South Korea proposes to send to the moon by 2020. A lunar lander is supposed to follow in 2025.[9]

Future Projects[edit]

  • KAI KF-X - Korean Fighter eXperimental[10]
  • KAI LCH/LAH - Light Civil Helicopter/ Light Armed Helicopter [11]
  • KAI Midsize Turboprop Passenger Plane - on joint development of a 90-seat turboprop plane by 2019.[12]
  • KAI Next-Generation UAVs - As a developer of the ROK Army’s corps-level UAVs.[13]

References[edit]

  1. ^ a b c d e "Korea Aerospace Industries(047810:Korea SE)". businessweek.com. Retrieved July 19, 2014. 
  2. ^ a b c d "Odin Holdings Sells Korea Aerospace Industries Stake". Wall Street Journal (WSJ). Retrieved 2014-07-19. 
  3. ^ Flight International "Korea targets 90-seat turboprop market"; Brendan Sobie, 5 August 2010. Retrieved 11 October 2012
  4. ^ Wall Street Journal "South Korea Consortium in Talks With Bombardier About Developing Passenger Plane -Source"; Choi Kyong-Ae, 8 October 2012. Retrieved: 10 October 2012
  5. ^ John Pike. "KF-16 Korea Fighter Program [KFP]". Globalsecurity.org. Retrieved 2010-11-13. 
  6. ^ "Korea Develops Small Passenger Plane". Chosun Ilbo. 2011-07-21. Retrieved 2011-07-24. 
  7. ^ "Night Intruder 300". deagel.com. Retrieved 2014-07-23. 
  8. ^ "한국항공우주연구원, 한국형발사체 총 조립업체로 KAI 선정". kslv2.or.kr. Retrieved 2014-07-19. 
  9. ^ "Korea's Aerospace Roadmap: Seoul to send Moon orbiter on homegrown rocket by 2020". arirang.co.kr. Retrieved 2014-08-07. 
  10. ^ "South Korea military chiefs endorse $8.2 billion development plan for home-built fighters". reuters.com. Retrieved 2014-07-23. 
  11. ^ "KAI Picked To Build S. Korean Light Armed Helo". defensenews.com. Retrieved 2014-07-23. 
  12. ^ "South Korea in Talks to Develop Passenger Plane". Wall Street Journal(WSJ). Retrieved 2014-08-04. 
  13. ^ "KAI picked as preferred bidder for S. Korea's unmanned aerial vehicle". yonhapnews.co.kr. Retrieved 2014-09-09. 

External links[edit]