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 to strengthen aerospace cooperation in Mexico and explore opportunities in the broader Latin American market. The partnership 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, according to The Korea Times.