South Korea seeks bigger role in global arms bazaar

April 22, 2015 10:15 AM

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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) (047810.KS) is in the running for a contract to supply Peru with 24 of its FA-50 fighter jets, worth as much as $2 billion.

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