KAI Board to Review Kim Jong-chul as New CEO After 8-Month Vacancy

File photo of the KF-21. [Photo=KAI]

Korea Aerospace Industries (KAI) will hold a board meeting on Feb. 25 to select a new CEO, a post that has been vacant for eight months. Kim Jong-chul, who previously led the Drone Program Division at South Korea’s Defense Acquisition Program Administration, is considered the leading candidate.

Industry officials said Feb. 24 that KAI’s board will review an agenda item at its Feb. 25 morning meeting to appoint Kim as CEO. If approved, the company would fill the vacancy about eight months after former CEO Kang Goo-young resigned on July 1 last year. Kim could begin carrying out CEO duties as early as March.

Kim is a graduate of the 31st class of the Korea Air Force Academy and joined the acquisition agency in 2006 through a special recruitment program at the Grade 4 level. This year, KAI has identified the rollout of its Light Armed Helicopter (LAH) and deliveries of the Korean supersonic fighter KF-21 to the Air Force as top priorities.

* This article has been translated by AI.

Oh Jooseok farbrother@ajunews.com