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KAI, Hyundai Rotem join forces to arm KF-21 for global exports

The companies will develop long-range air-to-air missiles and aircraft-weapons packages for Korea’s KF-21 fighter jet.

2026.8.13

A KF-21 fighter jet is seen in a photo in South Gyeongsang on May 14.

Hanwha Group surpasses 15 percent stake in Korea Aerospace Industries

Fifteen percent is the threshold at which a conglomerate buying into a publicly listed company must file for an antitrust review with the Fair Trade Commission (FTC).

2026.8.10

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Hanwha Group's office in Jung District, central Seoul [YONHAP]

Korea's SpaceX? Hanwha raises stake in KAI above 6% in bid to become aerospace behemoth

Local conglomerate Hanwha Group is increasing its stake in Korea Aerospace Industries (KAI) above 6 percent, accelerating its push to build an integrated aerospace and defense powerhouse it hopes will become Korea's answer to SpaceX.

2026.5.26

Hyundai Motor Group Vice Chair Chang Jae-hoon, left, and Korea Aerospace Industries CEO Kim Jong-chool pose for a photo during a signing ceremony for a memorandum of understanding on advanced air mobility technologies in Seoul on May 8 in this photo provided by the carmaker. [YONHAP]

Hyundai, KAI ink MOU on advanced air mobility development

Hyundai Motor Group said Sunday it has signed an agreement with aerospace manufacturer Korea Aerospace Industries to jointly develop advanced air mobility aircraft.

2026.5.10

The KF-21 fighter jet at its launch ceremony on March 25 at the Korea Aerospace Industries headquarters in Sacheon, South Gyeongsang. [JOINT PRESS CORPS]

Korea's KF-21 fighter jet receives combat suitability approval, paving way for deployment this year

Korea’s homegrown KF-21 fighter jet has cleared its final development hurdle by winning combat suitability approval 11 years after the program began, paving the way for front line deployment later this year.

2026.5.7

Hanwha Group's building in Jung District, central Seoul [HANWHA GROUP]

Hanwha Group raises stake in KAI above 5 percent in global aerospace push

Hanwha Group raised its stake in Korea Aerospace Industries (KAI) above 5 percent on Monday as part of its push to establish a stronger footing in the global aerospace industry.

2026.5.4

Korea’s homegrown Earth observation satellite, the Compact Advanced Satellite 500-2 (CAS500-2), is launched into space on May 3, from the Vandenberg Space Force Base in California, United States. [SCREEN CAPTURE]

Korea's first privately built observation satellite reaches orbit after four-year delay

Korea's domestically developed Earth observation satellite lifted off from California early Sunday, reaching orbit after a nearly four-year delay caused by the fallout of the Russia-Ukraine war.

2026.5.3

A simulated image of Compact Advanced Satellites [KOREA AEROSPACE ADMINISTRATION]

Korea's Earth observation satellite CAS500-2 to launch following nearly 4-year delay

Korea’s Compact Advanced Satellite 500-2 (CAS500-2), a midsize Earth observation satellite, is set for launch from Vandenberg Space Force Base in California at 3:59 p.m. on Sunday.

2026.5.2

President Lee Jae Myung speaks in front of the KF-21 at the launch ceremony of the fighter jet on March 25 at the Korea Aerospace Industries headquarters in Sacheon, South Gyeongsang. [NEWS1]

Rollout of KF-21 Boramae fighter jet marks long-awaited milestone for Korean defense industry

The first production unit of the KF-21 Boramae rolled out of the factory on Wednesday, more than two decades after Korea first decided to make a fighter jet built with homegrown technologies.

2026.3.25

The KF-21 on a test flight in 2025 [REPULIC OF KOREA KOREAN AIR FORCE]

Korea's first domestic fighter jet KF-21 to be exported to Indonesia

KF-21, Korea’s first jet fighter built with domestic technology, will be exported to Indonesia. An export contract agreement is expected to be signed at the end of this month during the visit of Indonesian President Prabowo Subianto to Korea.

2026.3.19