Industry Aerospace & Defence Revenue 2.51 billion USD (2015) Number of employees 3,530 | Traded as KRX: 047810 Founded 1999 | |
Key people Sung-Yong, Ha(President and CEO) Products Civil aircraftMilitary aircraftSatellites Operating income Stock price 047810 (KRX) ₩ 57,800 +600.00 (+1.05%)17 Mar, 3:30 PM GMT+9 - Disclaimer Profiles | ||
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 joint venture 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. The headquarter and its major plants are located at Sacheon city.
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Projects
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.