South Korea

South Korea’s Hanwha Corporation is venturing into the aircraft and engine leasing business under the banner of Hanwha Aviation.

A new South Korean rocket launched a reconnaissance satellite using a rocket that included a solid rocket motor for the first time.

The Defense Acquisition Program Administration announced the Embraer C-390 as the winner of the Large Transport Aircraft-II contract on Dec. 4.

Both North Korea and South Korea are expected to conduct their own satellite launches in the coming days to validate their respective rocket technologies.

The Raytheon SM-6s will be fitted onto the new South Korean Navy KDX Batch II destroyers, the first of which—christened Jeongjo the Great—has begun sea trials.

The South Korean National Assembly has assigned a KRW 238.6 billion ($182.9 million) production budget for Korea Aerospace Industries KF-21 fighters.

South Korean commercial banks are stepping in to provide financing for arms sales to Poland.

On the heels of three competitive victories in the last 18 months, the C-390 Millennium is gearing up for a new round of major contract opportunities around the globe.

The Korea Aerospace Research Institute has flown its electric- vertical-takeoff-and-landing technology demonstrator in public for the first time.

South Korean automotive engine component supplier Sambo Motors has unveiled a single-seat personal eVTOL vehicle.

South Korea’s 4.5-generation fighter program is looking for external support after keeping the KF-21 flight test on track.

Overair has announced an agreement to sell 20 of its electric-vertical-takeoff-and-landing vehicles to South Korean helicopter operator HeliKorea.

Studies are underway to fulfill another unnamed customer's export requirements for the FA-50, according to a KAI update at the Seoul ADEX airshow.

Kang Goo-young, chief of KAI, says that interest in the KF-21 has increased after witnessing test results and on-time development progression.

The Medium-Range Air-Launched Cruise Missile (MALCM)—designated KEPD 350K-2—will weigh around 2,000 lb., with range of 250 mi.

The contract marks a continuation of the growing collaboration between KAI and European missile manufacturer MBDA.

KAI revealed its development roadmap for the MC-X transport program at ADEX 2023, hinting at a "mothership" role to air-launch other platforms.

Arms exports topped $17.3 billion for South Korea in 2022, smashing the previous yearly record of $7 billion, set in 2021.

Korean Air will take more steps in its recovery to pre-pandemic levels by resuming more international routes in its upcoming winter schedule.

Joby Aviation has signed a collaboration agreement with South Korea’s SK Telecom to provide an aircraft for in-country flight testing in 2024 under the Korean Urban Air Mobility (K-UAM) Grand Challenge.

The agreement is for up to 50 electric-vertical-takeoff-and-landing vehicles.

The U.S. government has cleared South Korea to move forward with a previously approved plan to buy a second batch of Lockheed Martin F-35As.

Eviation is preparing to close the final design loop for the production version Alice.

The new owner of relaunched South Korean LCC Eastar Jet has partnered with AIP Capital to lease five Boeing 737 MAX aircraft.

The flights are part of the Korean telecommunications provider’s efforts to develop technology to support the commercial deployment of urban air mobility.