South Korea seeks bigger role in global arms bazaar

  • World
  • Wednesday, 22 Apr 2015

Officials stand at Korean aircraft industry Korea Aerospace Industries (KAI) booth at the Baghdad International Fair for Defence and Security, March 1, 2014. REUTERS/Ahmed Saad

SEOUL (Reuters) - When South Korean president Park Geun-hye stopped off in Peru this week, her diplomatic tasks included drumming up interest in her country's home-grown light fighter jets.

While Park did not come away with a new contract, state-run Korea Aerospace Industries (KAI) is in the running for a contract to supply Peru with 24 of its FA-50 fighter jets, worth as much as $2 billion (1.3 billion pounds).

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