Latest news with #KoreaAerospaceIndustries
Korea Herald
22-05-2025
- Business
- Korea Herald
KAI CEO calls for swift resolution with Indonesia on KF-21 issues
By Hwang Joo-young and Joint Press Corps LANGKAWI, Malaysia — Korea Aerospace Industries CEO Kang Goo-young on Wednesday expressed hopes for a swift resolution to tensions with Indonesia, which joined the company as a key partner in 2016 in the development of the KF-21 fighter jet — KAI's most advanced 4.5-generation aircraft project. The partnership has soured since 2023, when several Indonesian technical researchers were caught attempting to remove sensitive files from the joint development site in Korea using an unauthorized USB device. Five of the personnel are under investigation and remain banned from leaving the country, which is believed to be a source of growing dissatisfaction in Jakarta. Speaking with South Korean reporters at the LIMA 2025 defense exhibition in Langkawi, Kang said the issue should be 'resolved amicably within the legal framework,' expressing concerns that prolonged friction with Indonesia could complicate broader efforts to promote the KF-21 across the region. Despite speculation that Indonesia may be preparing to withdraw from the KF-21 program, Kang said he does not believe that to be the case. Indonesia still owes about 200 billion won ($145.8 million) in development costs — 100 billion won for this year and another 100 billion for next year — and according to Kang, the Indonesian government has already budgeted the 2024 payment. "That's not a signal of withdrawal," he said, adding that Indonesia is closely monitoring the KF-21's progress and is unlikely to walk away easily. Still, Kang acknowledged that deteriorating ties with Jakarta could shift the regional dynamic. He pointed to Indonesia's growing interest in co-developing Turkey's next-generation fighter, the KAAN, and said that if Malaysia were to join such an initiative, it could complicate South Korea's broader ambitions in Southeast Asia. Restoring cooperation with Indonesia, he stressed, is not just about preserving bilateral ties — it's also about maintaining strategic footing in a competitive market. Kang noted that many Southeast Asian countries view China as a growing security concern. 'In the past, China used battleships to project power,' he said. 'Now it's aircraft carriers.' This shift, he added, is prompting countries such as Indonesia, the Philippines and Malaysia to seek high-performance fighter jets. Although many would prefer the F-35, US export restrictions make that difficult, giving the KF-21 an opening. Interest in the aircraft is also growing. According to Kang, a high-ranking Malaysian official visited the KAI booth during the exhibition and asked how the KF-21 compares with China's J-10 fighter. On May 7, a Pakistani J-10 reportedly shot down a Rafale fighter from the Indian Air Force, which had acquired the jets from France. In that conversation, Kang said he positioned the KF-21 as a cost-effective but high-performance alternative to European fighters. 'Compared to 4.5-generation jets like the Rafale or Eurofighter, the KF-21 delivers 150 percent of the performance at 70 to 80 percent of the cost,' he told the official. In an effort to keep the partnership with Indonesia on track, South Korea has offered to reduce the country's share of development costs from 1.6 trillion won to 600 billion won. However, Jakarta has not officially responded. KAI has also submitted multiple petitions to the South Korean authorities requesting leniency for the Indonesian personnel involved in the data breach, arguing that the leaked materials likely did not contain core technical information. 'We hope this can be resolved through political and diplomatic channels,' Kang said. 'From a national interest standpoint, it's time to move beyond this dispute.'
Yahoo
05-05-2025
- Business
- Yahoo
Asian Stocks That May Be Priced Below Their Estimated Value
As global markets navigate a landscape of easing trade tensions and mixed economic signals, investors are increasingly turning their attention to Asia, where opportunities may arise amidst the region's unique economic challenges and potential. In this context, identifying undervalued stocks becomes crucial, as these equities may offer growth potential by being priced below their estimated value in a market characterized by volatility and evolving trade dynamics. Name Current Price Fair Value (Est) Discount (Est) Aidma Holdings (TSE:7373) ¥1843.00 ¥3675.49 49.9% Shibaura Mechatronics (TSE:6590) ¥6760.00 ¥13268.26 49.1% Sany Renewable EnergyLtd (SHSE:688349) CN¥22.70 CN¥44.89 49.4% RACCOON HOLDINGS (TSE:3031) ¥798.00 ¥1576.52 49.4% Jiangshan Oupai Door Industry (SHSE:603208) CN¥14.06 CN¥27.62 49.1% Rakus (TSE:3923) ¥2184.00 ¥4288.17 49.1% Wuxi Lead Intelligent EquipmentLTD (SZSE:300450) CN¥19.92 CN¥39.08 49% Beijing Zhong Ke San Huan High-Tech (SZSE:000970) CN¥10.50 CN¥20.69 49.2% HanJung Natural Connectivity (KOSDAQ:A107640) ₩27400.00 ₩54530.89 49.8% ASMPT (SEHK:522) HK$53.40 HK$105.00 49.1% Click here to see the full list of 264 stocks from our Undervalued Asian Stocks Based On Cash Flows screener. Let's take a closer look at a couple of our picks from the screened companies. Overview: LS ELECTRIC Co., Ltd. offers smart energy solutions in South Korea and internationally, with a market cap of ₩6.25 trillion. Operations: The company's revenue primarily comes from the Power Sector with ₩4.07 trillion, followed by the Metal Sector at ₩617.77 million, Automation Division at ₩590.16 million, and IT Sector at ₩117.11 million. Estimated Discount To Fair Value: 44.7% LS ELECTRIC appears undervalued with shares trading 44.7% below estimated fair value of ₩380,705.75. Despite a volatile share price and a dividend yield of 1.38% not fully covered by free cash flows, earnings have grown at 24% annually over the past five years and are expected to grow significantly at 21.53% per year, outpacing the Korean market's growth rate. Revenue is projected to grow faster than the market average, enhancing its investment appeal based on cash flows. Our growth report here indicates LS ELECTRIC may be poised for an improving outlook. Click here to discover the nuances of LS ELECTRIC with our detailed financial health report. Overview: Korea Aerospace Industries, Ltd. engages in the manufacturing and sale of fixed and rotary wing aircrafts as well as airframe products in South Korea, with a market cap of ₩8.31 trillion. Operations: The company's revenue segments include the Fixed Wing Division with ₩1.69 trillion, the Rotating Wing Division with ₩707.13 billion, and Airframe products generating ₩949.73 billion. Estimated Discount To Fair Value: 15% Korea Aerospace Industries is trading at ₩85,300, approximately 15% below its estimated fair value of ₩100,394.07. Despite a highly volatile share price recently and high non-cash earnings affecting quality perception, the company anticipates significant earnings growth of 28.24% annually over the next three years—outpacing the Korean market's average. However, debt coverage by operating cash flow remains a concern despite expected revenue growth surpassing market averages at 15.9% annually. Insights from our recent growth report point to a promising forecast for Korea Aerospace Industries' business outlook. Navigate through the intricacies of Korea Aerospace Industries with our comprehensive financial health report here. Overview: Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. is a biopharmaceutical company focused on the research, development, manufacturing, and commercialization of novel drugs in oncology and immunology both in China and internationally, with a market cap of HK$78.13 billion. Operations: The company's revenue is primarily derived from its pharmaceuticals segment, totaling CN¥1.93 billion. Estimated Discount To Fair Value: 17.9% Sichuan Kelun-Biotech Biopharmaceutical is trading at HK$343.8, approximately 17.9% below its estimated fair value of HK$418.94, indicating potential undervaluation based on cash flows. The company's revenue is expected to grow significantly at 28.4% annually, surpassing the Hong Kong market average and supporting future profitability projections within three years. Recent advancements in clinical trials and product approvals highlight its innovative pipeline, although current return on equity forecasts remain modest at 16.3%. In light of our recent growth report, it seems possible that Sichuan Kelun-Biotech Biopharmaceutical's financial performance will exceed current levels. Take a closer look at Sichuan Kelun-Biotech Biopharmaceutical's balance sheet health here in our report. Click here to access our complete index of 264 Undervalued Asian Stocks Based On Cash Flows. Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors. Explore high-performing small cap companies that haven't yet garnered significant analyst attention. Diversify your portfolio with solid dividend payers offering reliable income streams to weather potential market turbulence. Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include KOSE:A010120 KOSE:A047810 and SEHK:6990. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
See - Sada Elbalad
18-04-2025
- Business
- See - Sada Elbalad
Egypt close to acquiring FA-50 light combat aircraft from South Korea
SeeNews According to a statement from the Egyptian ambassador to South Korea Khaled Abdelrahman, Cairo is on the verge of concluding a deal with Seoul for up to 100 FA-50 light combat aircraft. The agreement should also include technology transfer. An official from Korea Aerospace Industries (KAI), the jet manufacturer, claimed that this procurement would 'advance the Egyptian aviation industry and strengthen strategic partnerships across Africa and the Middle East'. The fighter, which has 70% commonality with the classic Lockheed Martin F-16, would likely replace ageing Alpha Jets and K-8E trainers. According to industry analysts, Egypt could start by ordering a first batch of 36 aircraft worth around $1 billion, before potentially procuring more. If Cairo finally buys the whole 100, around 70 would be built directly in Helwan, Egypt after KAI signed an agreement in early 2023 with Arab Organization for Industrialization (AOI), an Egyptian state-owned company. Military cooperation between South Korea and Egypt is not limited to this procurement. In 2016, Egyptian leader Abdel Fattah al-Sisi and then South-Korean president Moon Jae-in signed a comprehensive agreement aiming to deepen military and trade cooperation. The result was the gift of a second-hand Pohang-class corvette to the Egyptian Navy in 2017, and a $1.66 billion deal in 2023 for the procurement of around 216 Hanwha K9 self-propelled howitzers, an undisclosed number K10 ammunition resupply vehicles, and 51 K11 fire direction control vehicles. The year 2025 marks the 30th anniversary of the establishment of diplomatic relations between Cairo and Seoul. In recent years, the two countries strengthened a lot their relations. In fact, some Egyptian officials see the South Korean development since the end of the Korean War in 1953 as a path to follow for their nation. On Seoul's side, Egypt is perceived as an investment opportunity for South Korean companies, as well as an entry point for Middle East and North African markets. For example, in August 2022 Korea Hydro & Nuclear Power Company won a $2.25 billion contract alongside a Rosatom subsidiary to build the first Egyptian nuclear power plant in El Dabaa, while Samsung got a 'golden licence' in august 2023 to build a factory in Beni Suef. Written by ADIT – The Bulletin and republished with permission. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Videos & Features Bouchra Dahlab Crowned Miss Arab World 2025 .. Reem Ganzoury Wins Miss Arab Africa Title (VIDEO) Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Arts & Culture Arwa Gouda Gets Married (Photos)
Arab News
16-04-2025
- Business
- Arab News
South Korea, UAE boost defense ties with training, fighter jet cooperation
Seoul: South Korea and the UAE are strengthening military ties through new agreements signed by their air force leadership on Wednesday, including cooperation in the development of the newest Korean supersonic fighter jet. Maj. Gen. Rashed Mohammed A. Al-Shamsi, commander of the UAE Air Force and Air Defense, arrived in Seoul on a four-day official visit on Monday. On Tuesday, he signed an agreement with South Korean Air Force Chief of Staff Gen. Lee Young-soo to establish regular bilateral meetings between their air forces, and on Wednesday, a letter of intent focused on cooperation related to the KF-21 Boramae fighter jet. The KF-21 is a 4.5-generation supersonic aircraft developed by Korea Aerospace Industries and slated for official deployment in 2026. An Emirati pilot participated in its test flight during Al-Shamsi's visit, as the cooperation will also include training UAE personnel to operate the jet. 'The South Korea Air Force regularly participates in the Desert Flag and IAMDOC (Integrated Air Missile Defense Operations Course) exercises held in the UAE. Moving forward, we aim to further expand our cooperation and defense exchanges with the UAE,' Lee said in a statement after the meetings. He also reaffirmed Seoul's commitment to supporting the operations of the Cheongung II, a South Korean medium-range surface-to-air missile system purchased by the UAE in 2022. 'We will provide training programs for Emirati air defense personnel to ensure the successful operation of the missile system,' he said. The initiative to hold regular meetings with the UAE Air Force — Korea's first air force-to-air force regular talks with a Middle Eastern country — stems from Gen. Lee's visit to Abu Dhabi in March, during which both sides agreed on the need for closer military coordination. Under the new framework, the two countries will hold bilateral meetings every six months. Military cooperation between the UAE and South Korea started in 2006, when they signed a defense agreement. In 2011, at the request of Abu Dhabi, South Korea deployed its Akh Unit to a military base in Al-Ain to provide support in training the UAE special forces — an arrangement that continues to this day. 'It was the UAE that asked for Korea's deployment. It seems the UAE sees South Korea as a reliable partner in Asia when they seek to diversify their defense,' Kim Kang-seok, professor of Middle Eastern and African studies at the Hankuk University of Foreign Studies, told Arab News. 'The UAE is focused on advancing its military's AI capabilities and achieving defense self-reliance … The UAE has adopted AI initiatives as a key national strategy. That is also foraying into the military. This makes South Korea a very attractive partner because South Korea has a large AI capability, a growing military industry and a global economic standing.' Advancing military ties is also in line with the comprehensive economic partnership pact the two countries signed last year. It is also a part of the UAE's efforts to reduce reliance on the US for defense, as well as Seoul's geopolitical considerations, according to Ahn So-yeon from the West Asia Center at Seoul National University. 'They are considering South Korea to be a very good partner in Asia. Since South Korea is an ally of the US, the UAE feels less pressured by the US when cooperating with South Korea, compared to other Asian countries,' Ahn said. 'The UAE is a key oil producer in the Middle East. The UAE is a key energy supplier for South Korea and is strategically located near the Strait of Hormuz. Stationing troops there helps South Korea safeguard ships on key maritime trade routes.'
Korea Herald
15-04-2025
- Business
- Korea Herald
S. Korea, UAE to hold regular Air Force meetings, boost defense ties
South Korea and the United Arab Emirates have signed a memorandum of understanding to establish regular bilateral meetings between their air forces, the South Korean Air Force said Tuesday. The agreement was signed during a meeting between South Korean Air Force Chief of Staff Gen. Lee Young-soo and Maj. Gen. Rashed Mohammed A. Al Shamsi, commander of the UAE Air Force and Air Defense, at the South Korean Air Force Headquarters in Gyeryong, South Chungcheong Province. The UAE is the first Middle Eastern country to hold regular Air Force-to-Air Force talks with South Korea. The initiative was launched following Lee's visit to the UAE in March, during which both sides acknowledged the need for enhanced coordination, according to the South Korean Air Force. Under the agreement, the two air forces plan to hold meetings every six months. During their meeting, Lee and Al Shamsi discussed regional security conditions on the Korean Peninsula and in the Middle East and reaffirmed their commitment to defense and defense industry cooperation. 'Our Air Force has already been regularly participating in Desert Flag and the Integrated Air and Missile Defense Operational Course (IAMDOC) hosted by the UAE,' Lee said. 'We will continue to further expand military exchanges and joint training efforts.' Lee also pledged support for the UAE's upcoming deployment of South Korea's Cheongung-II, a medium-range surface-to-air missile system. He said South Korea would assist in training UAE personnel to ensure the successful integration and operation of the system. The following day, the two commanders will also visit Sacheon Air Base in South Gyeongsang Province to sign a letter of intent on broader cooperation involving the KF-21, a 4.5-generation supersonic fighter jet developed by South Korea. The letter is expected to outline plans for UAE Air Force personnel to observe future KF-21 training sessions. A pilot from the UAE Air Force is also scheduled to fly in a KF-21 prototype alongside a test pilot from Korea Aerospace Industries. Meanwhile, Al Shamsi is also expected to meet with Defense Acquisition Program Administration Minister Seok Jong-gun and Korea Aerospace Industries CEO Kang Goo-young to explore further defense cooperation. The South Korean Air Force added that it would participate again in the Desert Flag 2025 exercise, set to take place from Monday to May 8 at Al Dhafra Air Base in the UAE. Desert Flag is a large-scale multinational air combat exercise hosted annually by the UAE Air Force to strengthen interoperability and combined operational capabilities among participants. This year's edition includes 13 countries: South Korea, the UAE, the United States, the United Kingdom, Germany, France, Australia, Saudi Arabia, Bahrain, Kuwait, Qatar, Turkey and India. South Korea has participated in the exercise every year since 2023.
