KAI Secures $700M Boost From South Korea's Largest Commercial Bank

KAI kf-21

A KAI KF-21 fighter jet.

Credit: JYPIX/Alamy Stock Photo
SINGAPORE—Korea Aerospace Industries (KAI) is drawing on the country’s largest commercial bank to help underpin expansion efforts and keep pace with rival Hanwha Aerospace, which recently raised money to gain scale. KAI and KB Kookmin Bank said they have signed a memorandum of understanding for the...
Chen Chuanren

Chen Chuanren is the Southeast Asia and China Editor for the Aviation Week Network’s (AWN) Air Transport World (ATW) and the Asia-Pacific Defense Correspondent for AWN, joining the team in 2017.

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