Korea Aerospace Industries (KAI), the nation s sole aircraft maker, has won a 1.2 trillion won ($920 million) deal to export 18 FA-50 light attack aircraft to Malaysia, the company announced Friday. KAI signed the contract with Malaysia s defense ministry after beating rival bidders including India s Tejas, Pakistan s JF-17, Russia s MIG-35 and Turkey s Hurizet. The achievement is the company s latest expansion into the Southeast Asian market after Indonesia, the Philippines and Thailand.
KAI beefs up ESG efforts for sustainable management
Posted : 2021-06-25 09:00
Updated : 2021-06-25 17:23
Students at Sacheon Elementary School in Sacheon, South Gyeongsang Province, hold toy airplanes in the school gym during an Aviation Camp organized by Korea Aerospace Industries (KAI), April 14. Courtesy of KAI
Company gets anti-bribery management systems certification for 1st time in Korean defense industry
By Kang Seung-woo
After establishing itself as a leading presence in the nation s defense industry, Korea Aerospace Industries (KAI) is now shifting its focus to environmental, social and corporate governance (ESG) sustainable management.
According to the Korea Corporate Governance Service (KCGS), KAI was awarded an A grade in its 2020 ESG overall rating for the third straight year, the first such achievement among domestic defense companies, showing that it is capable of practicing ESG management at the highest level.