KAI expresses confidence for next yea...

KAI expresses confidence for next year, despite damage of reputation over recent corruption case

SACHEON, South Gyeongsang Province -- As part of efforts to secure a multibillion dollar trainer jet project in the United States, South Korea's sole aircraft manufacturer is considering ways to cut expenses including labor costs, said the new chief of Korea Aerospace Industries on Friday. At a press conference held at KAI's headquarters in Sacheon, South Gyeongsang Province, the company's new President and CEO Kim Jo-won said KAI is seeking ways to adjust the unit price of the T-50 advanced trainer jet at the request of its US partner Lockheed Martin, he said.

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