Korea Aerospace Industries
|Industry||Aerospace & Defence|
|Headquarters||Sacheon, South Korea|
|Key people||Sung-Yong, Ha(President and CEO)|
|Revenue||2,016.3 Billion Won (2013)|
|Operating income||123.9 Billion Won (2013)|
|Net income||89.6 Billion Won (2013)|
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.
In 2010, KAI was studying a project for launching a 90-seat turboprop, to be announced as early as 2011. 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.
- Current projects
- Korean Multipurpose Satellites No. 1, 2, 3 and 5
- Future Projects
- Flight International "Korea targets 90-seat turboprop market"; Brendan Sobie, 5 August 2010. Retrieved 11 October 2012
- 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
- John Pike. "KF-16 Korea Fighter Program [KFP]". Globalsecurity.org. Retrieved 2010-11-13.
- "Korea Develops Small Passenger Plane". Chosun Ilbo. 2011-07-21. Retrieved 2011-07-24.
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