Korea Aerospace to Participate in South Korea’s New Fighter Jet

Korea Aerospace Industries Ltd., the country’s only planemaker, said it will participate in South Korea’s plan to build its own new fighter jet that will replace the older F-4s, F-5s and F-16s.

The Asian nation’s air force is expected to order about 100 aircraft, Chief Executive Officer Ha Sung Yong said in an interview in Singapore today. The government is looking for a foreign partner to collaborate on this project to provide some technical assistance, he said. The plane could take as short as eight years, depending on its size and specifications, he said.