What Happened
Korean Companies Expand Latin American Presence Through New Agreement
Korea Aerospace Industries Ltd. (KAI) and POSCO International Corp. have partnered with the Mexican Federation of Aerospace Industry (FEMIA) to strengthen aerospace cooperation in Mexico and explore opportunities in the broader Latin American market. The partnership, which was announced during President Lee Jae Myung’s state visit to Mexico, aims to develop business models involving supply chain cooperation and explore new business opportunities. KAI plans to expand the FA-50 light combat aircraft into Central America, with support from POSCO International and FEMIA. This development was first reported by The Korea Times.