SEOUL -- The chief executive of Korea Aerospace Industries, Ha Sung-yong, resigned Thursday amid a corruption scandal in which the state-owned military company is alleged to have manipulated costs for the development of military aircraft by tens of billions of won.
Ha said that he would take responsibility for the wrongdoing and explain what had happened to prosecutors following raids on his car and the company's headquarters earlier this week. KAI's Vice President Jang Seong-seob will take over as acting CEO until the board elects a new leader.
