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Tuesday, August 20, 2013

South Korea targets growing Asian defence market with fighter jets

FA-50 Golden EagleSouth 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 Ltd (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 Southeast Asia, Eastern Europe and the Americas.

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