- Business
- AeroSpace Technology of Korea, Inc. is a South Korea-based aerospace manufacturing company that specializes in the design, engineering, precision machining, and assembly of aerostructures and structural components for commercial and military aircraft. Founded in 2001 and headquartered in Sacheon-si, South Korea, the company operates as a key tier-1 and tier-2 supplier to global aerospace prime contractors and original equipment manufacturers. The company's core product and service portfolio comprises Aircraft Fuselage Assemblies, including aft fuselage sections, fuselage skin panels, upper skin panel assemblies, bulkheads, frames, floor beams, and complete fuselage shipsets; Aircraft Doors and Enclosures, including main deck cargo doors, passenger entry doors, emergency exit doors, and service access panels; Precision Structural Components, including roll-formed stringers, machined ribs, spars, and brackets; and Comprehensive Aerospace Manufacturing Services, including multi-axis precision CNC machining, stretch-wrap forming, chemical milling, surface treatment, anodizing, plating, non-destructive testing, and specialized coating and painting. AeroSpace Technology of Korea, Inc. supplies components for leading aircraft platforms including the Boeing 737, Boeing 767, Boeing 777, and Embraer E-Jet and E-Jets E2 families, serving aerospace customers across South Korea, North America, Europe, and the Asia-Pacific region. In recent developments, the company underwent a comprehensive corporate and financial restructuring under the stewardship of its primary shareholder, Alpha Aero PEF managed by United Asset Management Company (UAMCO). As part of its operational optimization and liquidity management, the company divested non-core holdings, including its equity stake in Orbitech Co., Ltd., and deepened the operational integration of its key aerostructures subsidiary, AeroSpace Technology of Global, Inc. (ASTG). Supported by capital restructuring measures—including rights offerings, convertible debt adjustments, and share consolidations—and bolstered by a post-pandemic rebound in commercial aircraft build rates, the company achieved an operational turnaround returning to operating profitability and completed its formal creditor-supervised workout management program.