Defense Industry
South Korea rolls out first mass-produced KF-21 fighter jet
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President Lee Jae Myung hailed the first mass-produced KF-21 fighter jet as a symbol of self-reliant defense during a ceremony on March 25 in Sacheon. He vowed to elevate South Korea to one of the world's top four defense powers. The Air Force plans to deploy 120 jets starting in September after evaluations.
President Lee Jae Myung is set to hold summit talks with Indonesian President Prabowo Subianto on Wednesday. The discussions will focus on bilateral ties, with defense industry cooperation high on the agenda. A deal to export 16 KF-21 fighter jets is anticipated.
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The Dalian Intermediate People’s Court sentenced former Aviation Industry Corp of China (AVIC) executive Tan Ruisong to death with a two-year reprieve on Tuesday, confiscating all his personal property. Tan confessed to taking about US$89 million in bribes and insider trading during his tenure at AVIC and its Harbin subsidiary from 1998 to 2024.