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In reply to the discussion: STOCK MARKET WATCH -- Monday, 19 August 2013 [View all]xchrom
(108,903 posts)7. South Korea targets growing Asian defence market with fighter jets
http://uk.reuters.com/article/2013/08/19/uk-korea-fighter-idUKBRE97I0AX20130819
(Reuters) - South Korea, renowned for making hi-tech consumer devices, cars and ships, now has its sights on exporting fighter jets amid a projected sharp increase in demand for military weapons in Asia over the next decade.
South Korea's first home-built light fighter, the FA-50, will roll out on Tuesday from the Korea Aerospace Industries Ltd (KAI) assembly plant in the southern city of Sacheon.
KAI officials say that they aim to sell about 1,000 FA-50s and T-50s overseas over the next three decades, and are eyeing markets in Southeast Asia, Eastern Europe and the Americas.
"Countries in Southeast Asia and South America are finding FA-50s enormously attractive," Park Jeong-soo, a senior official from KAI's external affairs department told reporters.
(Reuters) - South Korea, renowned for making hi-tech consumer devices, cars and ships, now has its sights on exporting fighter jets amid a projected sharp increase in demand for military weapons in Asia over the next decade.
South Korea's first home-built light fighter, the FA-50, will roll out on Tuesday from the Korea Aerospace Industries Ltd (KAI) assembly plant in the southern city of Sacheon.
KAI officials say that they aim to sell about 1,000 FA-50s and T-50s overseas over the next three decades, and are eyeing markets in Southeast Asia, Eastern Europe and the Americas.
"Countries in Southeast Asia and South America are finding FA-50s enormously attractive," Park Jeong-soo, a senior official from KAI's external affairs department told reporters.
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