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.
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.
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South Korea will provide support to nurture 100 defense-focused startups by 2030 to strengthen the defense industry's growth potential and better adopt cutting-edge technologies, government officials said. The blueprint, led by the Defense Acquisition Program Administration (DAPA) and the Ministry of SMEs and Startups, also aims to foster 30 venture companies capable of generating 100 billion won ($69 million) in yearly sales by 2030.