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paper 28

Restructuring of Korea’s Defense Aerospace Industry
Challenges and opportunities?

by Myeong-Chin Cho

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Table of Contents

Acronyms and Abbreviations

Acknowledgements

1. Introduction
2. Security Environment in Terms of Air Power Context
   2.1 The Context o f Air Power
   2.2 Reshaping ROK’s Air Power
   2.3 Air Power of N orth Korea
   2.4 Balance of Air Power in East Asia
3. Period before Korea Aerospace Industries, Ltd.
   3.1 Korea Air’s D ominance Period (1976–1983)
   3.2 Rivalry and C ompetition Period (1984–1993)
   3.3 Samsung’s Em ergence and Consolidation Period (1992–1999)
   3.4 Comparative Analysis on Corporate Strategies of Four Aircraft Firms
   3.4.1 Korean Air
   3.4.2 Daewoo Heavy Industries
   3.4.3 Samsung Aerospace Industries
   3.4.4 Hyundai Space & Aircraft
4. KAI’s Establishment
   4.1 Background of KAI’s Birth
   4.2 KAI’s Challenges
   4.3 KAI’s Businesses
   4.3.1 T-50 Golden Eagle (previously KTX-2)
   4.3.2 The KT-1 basic trainer
   4.3.3 Others
5. Analysis of Next-generation Fighter (F-X) Selection Process
   5.1 Background
   5.2 A Comparativ e Analysis on Marketing Strategies of Four Bidders
   5.2.1 Boeing
   5.2.2 Dassault
   5.2.3 Rosoboronexport
   5.2.4 European Consortium
   5.3 Final Decision
   5.3.1 Offset Package
   5.3.2 Announcement of the FX winner
   5.3.3 Price Re-negotiation
   5.3.4 Concluding Remarks
6. Conclusion - Policy Recommendations
7. References