KAI privatization rumors grow amid governance review

Korea's Export-Import Bank, KAI's largest shareholder with 26.41%, commissioned a 1.8 billion won Kearney consulting project on aerospace competitiveness, fueling privatization speculation. Hanwha raised its KAI stake to 15.89%, while KAI's 2020–2025 sales growth of 30.8% lagged far behind peers.

• Kearney won the 1.8 billion won (~$1.36 million) consulting contract
• Hanwha lifted its KAI stake from 5.09% in May to 15.89% in August
• KAI sales grew 30.8% in 2020–2025 versus 200.9% for peers
• KAI borrowings reached 2.98 trillion won, debt ratio 484.2%