South Korea targets growing Asian defence market with fighter jets
SACHEON (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 (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 South-east Asia, Eastern Europe and the Americas.
"Countries in South-east Asia and South America are finding FA-50s enormously attractive," Park Jeong Soo, a senior official from KAI's external affairs department told reporters.