Korean Air’s Aerospace division thinks it knows how to make some aircraft parts well. It does not show much interest in making new varieties of products; rather, its attention is clearly on making the same sorts of things at lower cost—and predominantly from carbon fiber. A step down in the South Korean supply chain, privately held AeroSpace Technologies of Korea (ASTK), a maker of metallic components for first-tier suppliers, is meanwhile stepping up its business with an ...

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