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Korea Aerospace Industries (KAI)

KR

한국항공우주산업

Korea Aerospace Industries (KAI) is a South Korean aerospace and defense manufacturer established in 1999. KAI develops and manufactures a range of aerospace products, including the Korean Space Launch Vehicle-II (KSLV-II), satellites, military and commercial aircraft, helicopters and unmanned aerial vehicles. It is involved in the KOMPSAT series, contributing to over 70% localization of the program. KAI aims to be a leading aerospace company in Asia, partnering with organizations like NASA and potentially JAXA.

commercial
History · 1 eventOct 1, 1999 · Samsung Aerospace, Daewoo Heavy Industries, and Hyundai Space and Aircraft merge to form Korea Aerospace Industries (KAI)
South Korea
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Organization history

Identity changes, mergers, acquisitions, splits, and transferred business lines.

1 event

  1. Oct 1, 1999Merger

    Samsung Aerospace, Daewoo Heavy Industries, and Hyundai Space and Aircraft merge to form Korea Aerospace Industries (KAI)

    Source
    Predecessor
    Daewoo Heavy Industries (Aerospace Division)
    Predecessor
    Hyundai Space and Aircraft Company
    Predecessor
    Samsung Aerospace Industries
    Created organization
    Korea Aerospace Industries (KAI)
    Event context

    Under South Korean government direction following the 1997 Asian financial crisis, the aerospace/aircraft businesses of Samsung Aerospace Industries, Daewoo Heavy Industries, and Hyundai Space and Aircraft Company were consolidated into Korea Aerospace Industries (KAI), launched Oct 1, 1999. Confirmed via English Wikipedia and Korean-language sources (Korea Aerospace Industries, ko.wikipedia.org; Busan Ilbo).

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